Research Analysts Offer Predictions for BMO FY2025 Earnings

Bank of Montreal (NYSE:BMO - Free Report) TSE: BMO - Stock analysts at Cormark boosted their FY2025 earnings per share (EPS) estimates for shares of Bank of Montreal in a report released on Thursday, May 29th. Cormark analyst L. Persaud now expects that the bank will post earnings per share of $8.58 for the year, up from their prior forecast of $8.24. The consensus estimate for Bank of Montreal's current full-year earnings is $7.71 per share.

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

Bank of Montreal Stock Performance

Shares of Bank of Montreal stock traded down $0.05 during midday trading on Monday, hitting $107.81. The company had a trading volume of 492,376 shares, compared to its average volume of 677,155. The company has a fifty day simple moving average of $97.39 and a 200 day simple moving average of $97.98. The stock has a market cap of $77.85 billion, a price-to-earnings ratio of 15.45, a PEG ratio of 1.43 and a beta of 1.03. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.11. Bank of Montreal has a 12-month low of $76.98 and a 12-month high of $108.38.

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

Bank of Montreal Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Wednesday, July 30th will be given a $1.1801 dividend. This represents a $4.72 annualized dividend and a yield of 4.38%. 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 is currently 58.75%.

Institutional Investors Weigh In On Bank of Montreal

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in shares of Bank of Montreal by 4.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,327,465 shares of the bank's stock worth $300,137,000 after acquiring an additional 144,252 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in Bank of Montreal by 140.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 24,958 shares of the bank's stock worth $2,422,000 after purchasing an additional 14,584 shares during the period. Kingswood Wealth Advisors LLC purchased a new position in Bank of Montreal during the fourth quarter worth approximately $220,000. Blue Trust Inc. grew its holdings in Bank of Montreal by 55.2% in the fourth quarter. Blue Trust Inc. now owns 1,037 shares of the bank's stock valued at $94,000 after purchasing an additional 369 shares during the period. Finally, Caprock Group LLC grew its holdings in Bank of Montreal by 4.6% in the fourth quarter. Caprock Group LLC now owns 3,185 shares of the bank's stock valued at $309,000 after purchasing an additional 139 shares during the period. Institutional investors and hedge funds own 45.82% of the company's stock.

Bank of Montreal Company Profile

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.