First Business Financial Services Inc. Buys Shares of 2,492 Bank Of Montreal (NYSE:BMO)

First Business Financial Services Inc. purchased a new position in shares of Bank Of Montreal (NYSE:BMO - Free Report) TSE: BMO in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 2,492 shares of the bank's stock, valued at approximately $238,000.

Several other large investors also recently modified their holdings of BMO. Dunhill Financial LLC bought a new position in Bank Of Montreal during the 4th quarter valued at $39,000. HM Payson & Co. bought a new position in Bank Of Montreal during the 1st quarter valued at $42,000. CX Institutional bought a new stake in shares of Bank Of Montreal during the 1st quarter worth $42,000. Wayfinding Financial LLC purchased a new position in shares of Bank Of Montreal in the 1st quarter worth about $44,000. Finally, TruNorth Capital Management LLC boosted its holdings in shares of Bank Of Montreal by 405.0% in the 1st quarter. TruNorth Capital Management LLC now owns 505 shares of the bank's stock worth $48,000 after buying an additional 405 shares during the last quarter. Institutional investors and hedge funds own 45.82% of the company's stock.

Wall Street Analyst Weigh In

BMO has been the subject of several recent analyst reports. Scotiabank started coverage on Bank Of Montreal in a report on Thursday, May 15th. They set a "sector perform" rating for the company. CIBC reissued a "neutral" rating on shares of Bank Of Montreal in a research report on Tuesday, May 20th. Barclays downgraded Bank Of Montreal from an "overweight" rating to an "equal weight" rating in a report on Monday, June 9th. Finally, Cibc World Mkts downgraded Bank Of Montreal from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $129.50.

Bank Of Montreal Trading Down 0.3%

Bank Of Montreal stock traded down $0.31 during mid-day trading on Friday, hitting $114.05. The company's stock had a trading volume of 278,731 shares, compared to its average volume of 794,646. Bank Of Montreal has a one year low of $76.98 and a one year high of $114.76. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.00 and a current ratio of 1.00. The company has a 50 day moving average of $107.71 and a 200-day moving average of $100.89. The stock has a market cap of $81.93 billion, a PE ratio of 14.79, a P/E/G ratio of 1.25 and a beta of 1.07.

Bank Of Montreal (NYSE:BMO - Get Free Report) TSE: BMO last released its quarterly earnings results on Wednesday, May 28th. The bank reported $1.84 EPS for the quarter, meeting analysts' consensus estimates of $1.84. Bank Of Montreal had a return on equity of 10.15% and a net margin of 10.25%. The company had revenue of $6.32 billion during the quarter, compared to analysts' expectations of $8.79 billion. During the same period last year, the business posted $2.59 earnings per share. The firm's revenue was up 8.8% compared to the same quarter last year. On average, research analysts anticipate that Bank Of Montreal will post 7.71 EPS for the current year.

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 issued a $1.1801 dividend. This is a positive change from Bank Of Montreal's previous quarterly dividend of $1.11. This represents a $4.72 annualized dividend and a yield of 4.14%. The ex-dividend date of this dividend is Wednesday, July 30th. Bank Of Montreal's dividend payout ratio (DPR) is presently 57.33%.

Bank Of Montreal 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.