NBT Bank N A NY Decreases Holdings in Bank Of Montreal (NYSE:BMO)

NBT Bank N A NY cut its position in Bank Of Montreal (NYSE:BMO - Free Report) TSE: BMO by 95.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,012 shares of the bank's stock after selling 43,824 shares during the quarter. NBT Bank N A NY's holdings in Bank Of Montreal were worth $192,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. IFP Advisors Inc grew its stake in shares of Bank Of Montreal by 179.5% in the fourth quarter. IFP Advisors Inc now owns 313 shares of the bank's stock valued at $30,000 after buying an additional 201 shares in the last quarter. Addison Advisors LLC grew its stake in shares of Bank Of Montreal by 282.8% in the fourth quarter. Addison Advisors LLC now owns 333 shares of the bank's stock valued at $32,000 after buying an additional 246 shares in the last quarter. Vision Financial Markets LLC acquired a new stake in shares of Bank Of Montreal in the fourth quarter valued at $39,000. Dunhill Financial LLC acquired a new stake in shares of Bank Of Montreal in the fourth quarter valued at $39,000. Finally, CX Institutional acquired a new stake in shares of Bank Of Montreal in the first quarter valued at $42,000. 45.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BMO has been the subject of a number of research reports. CIBC reaffirmed a "neutral" rating on shares of Bank Of Montreal in a research note on Tuesday, May 20th. Scotiabank initiated coverage on Bank Of Montreal in a research note on Thursday, May 15th. They issued a "sector perform" rating for the company. Wall Street Zen raised Bank Of Montreal from a "sell" rating to a "hold" rating in a research note on Friday, February 28th. Barclays lowered Bank Of Montreal from an "overweight" rating to an "equal weight" rating in a report on Monday, June 9th. Finally, Cibc World Mkts lowered Bank Of Montreal from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Nine analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, Bank Of Montreal has an average rating of "Hold" and a consensus target price of $129.50.

Bank Of Montreal Stock Down 1.1%

NYSE:BMO traded down $1.18 during midday trading on Friday, reaching $105.07. The company had a trading volume of 650,950 shares, compared to its average volume of 830,202. The firm has a market capitalization of $75.87 billion, a price-to-earnings ratio of 13.63, a PEG ratio of 1.15 and a beta of 1.08. The stock's fifty day simple moving average is $101.54 and its 200-day simple moving average is $99.18. Bank Of Montreal has a 12-month low of $76.98 and a 12-month high of $109.10. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.12.

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

Bank Of Montreal Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Wednesday, July 30th will be issued a dividend of $1.1801 per share. This represents a $4.72 dividend on an annualized basis and a yield of 4.49%. This is an increase from Bank Of Montreal's previous quarterly dividend of $1.11. The ex-dividend date of this dividend is Wednesday, July 30th. Bank Of Montreal's payout ratio is 57.33%.

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.