Desjardins Boosts Earnings Estimates for Bank of Montreal

Bank of Montreal (NYSE:BMO - Free Report) TSE: BMO - Equities research analysts at Desjardins boosted their FY2025 EPS estimates for Bank of Montreal in a research note issued on Wednesday, May 28th. Desjardins analyst D. Young now expects that the bank will post earnings per share of $8.18 for the year, up from their prior estimate of $8.03. The consensus estimate for Bank of Montreal's current full-year earnings is $7.71 per share. Desjardins also issued estimates for Bank of Montreal's Q4 2025 earnings at $2.04 EPS.

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

A number of other research analysts have also weighed in on the company. Royal Bank of Canada raised their target price on Bank of Montreal from $161.00 to $163.00 and gave the company an "outperform" rating in a report on Wednesday, February 26th. Scotiabank started coverage on Bank of Montreal in a research note on Thursday, May 15th. They set a "sector perform" rating on the stock. Cibc World Mkts lowered shares of Bank of Montreal from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Wall Street Zen raised shares of Bank of Montreal from a "sell" rating to a "hold" rating in a research report on Friday, February 28th. Finally, CIBC reissued a "neutral" rating on shares of Bank of Montreal in a research report on Tuesday, May 20th. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $129.50.

Bank of Montreal Stock Up 0.1%

Shares of BMO stock traded up $0.08 during trading hours on Monday, reaching $108.27. The company had a trading volume of 385,999 shares, compared to its average volume of 831,673. Bank of Montreal has a 12 month low of $76.98 and a 12 month high of $109.33. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.98 and a quick ratio of 0.98. The business has a fifty day simple moving average of $97.86 and a 200-day simple moving average of $98.12. The company has a market cap of $78.18 billion, a price-to-earnings ratio of 15.51, a price-to-earnings-growth ratio of 1.43 and a beta of 1.08.

Hedge Funds Weigh In On Bank of Montreal

Several institutional investors have recently added to or reduced their stakes in the stock. Cary Street Partners Investment Advisory LLC grew its stake in shares of Bank of Montreal by 228.9% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 273 shares of the bank's stock worth $26,000 after acquiring an additional 190 shares during the period. IFP Advisors Inc boosted its position in Bank of Montreal by 179.5% during the fourth quarter. IFP Advisors Inc now owns 313 shares of the bank's stock worth $30,000 after purchasing an additional 201 shares during the period. Addison Advisors LLC boosted its position in Bank of Montreal by 282.8% during the fourth quarter. Addison Advisors LLC now owns 333 shares of the bank's stock worth $32,000 after purchasing an additional 246 shares during the period. Bayforest Capital Ltd bought a new position in Bank of Montreal during the first quarter worth about $34,000. Finally, Vision Financial Markets LLC bought a new position in Bank of Montreal during the fourth quarter worth about $39,000. Institutional investors own 45.82% of the company's stock.

Bank of Montreal Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Investors of record on Wednesday, July 30th will be given a dividend of $1.1801 per share. The ex-dividend date of this dividend is Wednesday, July 30th. This represents a $4.72 annualized dividend and a yield of 4.36%. This is a positive change from Bank of Montreal's previous quarterly dividend of $1.11. Bank of Montreal's dividend payout ratio is presently 58.75%.

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.