FY2026 EPS Estimates for Bank of Montreal Lifted by Cormark

Bank of Montreal (NYSE:BMO - Free Report) TSE: BMO - Investment analysts at Cormark raised their FY2026 earnings per share (EPS) estimates for shares of Bank of Montreal in a research report issued to clients and investors on Thursday, May 29th. Cormark analyst L. Persaud now anticipates that the bank will post earnings per share of $9.58 for the year, up from their previous estimate of $9.38. The consensus estimate for Bank of Montreal's current full-year earnings is $7.71 per share.

Other equities research analysts also recently issued reports about the company. Cibc World Mkts downgraded Bank of Montreal from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Royal Bank of Canada raised their price objective on Bank of Montreal from $161.00 to $163.00 and gave the company an "outperform" rating in a research note on Wednesday, February 26th. CIBC restated a "neutral" rating on shares of Bank of Montreal in a research note on Tuesday, May 20th. Wall Street Zen upgraded Bank of Montreal from a "sell" rating to a "hold" rating in a research note on Friday, February 28th. Finally, Scotiabank assumed coverage on Bank of Montreal in a research note on Thursday, May 15th. They set a "sector perform" rating for the company. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $128.40.

Bank of Montreal Stock Up 0.4%

Shares of NYSE:BMO traded up $0.43 during mid-day trading on Friday, hitting $107.41. 461,479 shares of the company traded hands, compared to its average volume of 836,161. The firm has a market cap of $77.56 billion, a P/E ratio of 15.39, a PEG ratio of 1.43 and a beta of 1.03. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.98 and a current ratio of 0.98. Bank of Montreal has a 52-week low of $76.98 and a 52-week high of $108.38. The firm's 50 day simple moving average is $97.18 and its 200 day simple moving average is $97.85.

Bank of Montreal (NYSE:BMO - Get Free Report) TSE: BMO last announced its earnings results on Wednesday, May 28th. The bank reported $1.84 EPS for the quarter, meeting the consensus estimate of $1.84. The business had revenue of $6.32 billion for the quarter, compared to the consensus estimate of $8.79 billion. Bank of Montreal had a return on equity of 10.18% and a net margin of 9.22%. The company's revenue was up 8.8% on a year-over-year basis. During the same period last year, the business posted $2.59 EPS.

Bank of Montreal Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Wednesday, July 30th will be paid a dividend of $1.1801 per share. This represents a $4.72 dividend on an annualized basis and a yield of 4.39%. The ex-dividend date is Wednesday, July 30th. This is a positive change from Bank of Montreal's previous quarterly dividend of $1.11. Bank of Montreal's dividend payout ratio (DPR) is 58.75%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in BMO. Norges Bank acquired a new position in shares of Bank of Montreal in the 4th quarter worth approximately $1,014,633,000. Goldman Sachs Group Inc. grew its position in shares of Bank of Montreal by 213.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,259,505 shares of the bank's stock worth $406,825,000 after acquiring an additional 2,899,061 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Bank of Montreal by 42.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 6,838,171 shares of the bank's stock worth $664,742,000 after acquiring an additional 2,044,862 shares in the last quarter. Mackenzie Financial Corp grew its position in shares of Bank of Montreal by 15.4% in the 4th quarter. Mackenzie Financial Corp now owns 12,215,628 shares of the bank's stock worth $1,184,636,000 after acquiring an additional 1,630,962 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its position in shares of Bank of Montreal by 66.5% in the 1st quarter. Canada Pension Plan Investment Board now owns 3,676,637 shares of the bank's stock worth $351,154,000 after acquiring an additional 1,469,084 shares in the last quarter. Institutional investors and hedge funds own 45.82% of the company's stock.

About Bank of Montreal

Bank of Montreal provides diversified financial services primarily in North America. It operates through Canadian P&C, U.S P&C, BMO Wealth Management, and BMO Capital Markets segments. The company's personal banking products and services include deposits, mortgages, home lending, consumer credit, small business lending, credit cards, cash management, financial and investment advice, and other banking services; and commercial banking products and services comprise various of financing options and treasury and payment solutions, as well as risk management products.