Desjardins Has Optimistic Outlook of TSE:BMO FY2025 Earnings

Key Points

• Desjardins has increased its FY2025 earnings per share estimate for Bank of Montreal (TSE:BMO) from $11.45 to $11.75, maintaining a "Hold" rating with a target price of $165.00.
• Bank of Montreal recently declared a quarterly dividend of $1.63, representing an increase from the previous quarterly dividend of $1.59, with an annualized yield of 4.0%.
• Several analysts have adjusted their target prices for Bank of Montreal, with Royal Bank of Canada raising it to C$168.00 and Scotiabank to C$169.00, reflecting positive sentiment around the stock.

Bank of Montreal (TSE:BMO - Free Report) NYSE: BMO - Equities researchers at Desjardins upped their FY2025 earnings per share estimates for Bank of Montreal in a report released on Tuesday, August 26th. Desjardins analyst D. Young now forecasts that the bank will post earnings of $11.75 per share for the year, up from their previous estimate of $11.45. Desjardins currently has a "Hold" rating and a $165.00 target price on the stock. The consensus estimate for Bank of Montreal's current full-year earnings is $9.65 per share. Desjardins also issued estimates for Bank of Montreal's FY2026 earnings at $13.15 EPS.

Other equities analysts have also issued research reports about the stock. Royal Bank Of Canada increased their target price on shares of Bank of Montreal from C$161.00 to C$168.00 and gave the company an "outperform" rating in a research report on Wednesday. Scotiabank upped their price target on shares of Bank of Montreal from C$148.00 to C$169.00 in a research note on Wednesday. National Bankshares increased their price objective on shares of Bank of Montreal from C$161.00 to C$173.00 in a report on Wednesday. Barclays boosted their target price on Bank of Montreal from C$150.00 to C$157.00 in a report on Wednesday. Finally, CIBC increased their price target on Bank of Montreal from C$156.00 to C$173.00 and gave the company a "negative" rating in a research note on Wednesday, August 20th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of C$166.42.

Bank of Montreal Stock Performance

Shares of BMO opened at C$164.22 on Thursday. Bank of Montreal has a one year low of C$109.22 and a one year high of C$166.59. The stock's fifty day moving average is C$154.44 and its 200-day moving average is C$144.65. The firm has a market capitalization of C$118.95 billion, a price-to-earnings ratio of 16.21, a price-to-earnings-growth ratio of 0.71 and a beta of 1.16.

Insider Buying and Selling

In other Bank of Montreal news, Senior Officer Erminia Johannson sold 4,676 shares of the company's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of C$147.57, for a total value of C$690,023.29. 0.03% of the stock is owned by company insiders.

Bank of Montreal Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Tuesday, August 26th were paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.0%. This is a boost from Bank of Montreal's previous quarterly dividend of $1.59. The ex-dividend date of this dividend was Wednesday, July 30th. Bank of Montreal's dividend payout ratio (DPR) is currently 61.20%.

About Bank of Montreal

Bank of Montreal is a diversified financial-services provider based in North America, operating four business segments: Canadian personal and commercial banking, U.S. P&C banking, wealth management, and capital markets.

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