Desjardins Raises Earnings Estimates for Bank Of Montreal

Key Points

• Desjardins has increased its earnings per share estimate for Bank Of Montreal (BMO) for FY2025 from $8.36 to $8.46, which is significantly above the current consensus estimate of $7.71.
• The bank's recent quarterly earnings report showed an EPS of $2.33, exceeding the consensus estimate of $2.12, while quarterly revenue was reported at $6.51 billion.
• Bank Of Montreal declared a quarterly dividend of $1.63 per share, which represents an increase from the previous dividend of $1.18 and a dividend yield of 5.5%.

Bank Of Montreal (NYSE:BMO - Free Report) TSE: BMO - Stock analysts at Desjardins upped their FY2025 earnings per share estimates for shares of Bank Of Montreal in a research note issued on Tuesday, August 26th. Desjardins analyst D. Young now forecasts that the bank will post earnings of $8.46 per share for the year, up from their previous estimate of $8.36. The consensus estimate for Bank Of Montreal's current full-year earnings is $7.71 per share.

A number of other equities research analysts have also commented on BMO. Barclays lowered Bank Of Montreal from an "overweight" rating to an "equal weight" rating in a research report on Monday, June 9th. Scotiabank initiated coverage on Bank Of Montreal in a research report on Thursday, May 15th. They set a "sector perform" rating for the company. Wall Street Zen upgraded Bank Of Montreal from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. CIBC restated a "neutral" rating on shares of Bank Of Montreal in a research report on Tuesday, May 20th. Finally, Cowen reissued a "hold" rating on shares of Bank Of Montreal in a research report on Wednesday. Two equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $168.00.

Bank Of Montreal Trading Down 0.3%

Shares of NYSE BMO opened at $119.03 on Thursday. Bank Of Montreal has a one year low of $81.13 and a one year high of $120.30. The firm has a market capitalization of $85.27 billion, a PE ratio of 14.57, a PEG ratio of 1.33 and a beta of 1.07. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.12. The business has a 50-day moving average price of $112.47 and a two-hundred day moving average price of $103.88.

Bank Of Montreal (NYSE:BMO - Get Free Report) TSE: BMO last posted its quarterly earnings data on Tuesday, August 26th. The bank reported $2.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.21. The firm had revenue of $6.51 billion for the quarter, compared to the consensus estimate of $8.84 billion. Bank Of Montreal had a return on equity of 10.61% and a net margin of 11.00%.The business's revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.64 EPS.

Institutional Investors Weigh In On Bank Of Montreal

Several institutional investors have recently made changes to their positions in the company. Cary Street Partners Financial LLC bought a new position in shares of Bank Of Montreal in the 4th quarter valued at approximately $380,000. Baskin Financial Services Inc. raised its stake in shares of Bank Of Montreal by 134.2% in the 1st quarter. Baskin Financial Services Inc. now owns 7,428 shares of the bank's stock valued at $709,000 after acquiring an additional 4,256 shares in the last quarter. Code Waechter LLC bought a new position in shares of Bank Of Montreal in the 1st quarter valued at approximately $282,000. Cetera Investment Advisers raised its stake in shares of Bank Of Montreal by 185.1% in the 4th quarter. Cetera Investment Advisers now owns 55,745 shares of the bank's stock valued at $5,410,000 after acquiring an additional 36,195 shares in the last quarter. Finally, JCIC Asset Management Inc. bought a new position in shares of Bank Of Montreal in the 1st quarter valued at approximately $606,000. 45.82% of the stock is currently owned by institutional investors and hedge funds.

Bank Of Montreal Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Thursday, October 30th will be issued a dividend of $1.63 per share. The ex-dividend date is Thursday, October 30th. This represents a $6.52 annualized dividend and a dividend yield of 5.5%. This is a positive change from Bank Of Montreal's previous quarterly dividend of $1.18. Bank Of Montreal's dividend payout ratio is presently 62.13%.

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.

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