FY2025 EPS Estimate for Bank Of Montreal Raised by Analyst

Key Points

• Desjardins has raised its FY2025 earnings per share estimate for Bank Of Montreal to $8.36, up from the previous estimate of $8.18, while the consensus estimate is $7.71.
• The bank's stock has been rated with a consensus of "Hold" from several investment analysts, with a current price target of $129.50.
• Bank Of Montreal has increased its quarterly dividend to $1.1801, reflecting an annualized dividend yield of 4.2%.

Bank Of Montreal (NYSE:BMO - Free Report) TSE: BMO - Equities researchers at Desjardins increased their FY2025 earnings per share estimates for shares of Bank Of Montreal in a research note issued to investors on Tuesday, August 12th. Desjardins analyst D. Young now forecasts that the bank will post earnings per share of $8.36 for the year, up from their prior estimate of $8.18. 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 FY2026 earnings at $9.49 EPS.

BMO has been the topic of a number of other research reports. Barclays downgraded Bank Of Montreal from an "overweight" rating to an "equal weight" rating in a report on Monday, June 9th. CIBC reiterated a "neutral" rating on shares of Bank Of Montreal in a research note on Tuesday, May 20th. Wall Street Zen upgraded Bank Of Montreal from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Scotiabank initiated coverage on Bank Of Montreal in a research note on Thursday, May 15th. They issued a "sector perform" rating for the company. 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, the stock currently has a consensus rating of "Hold" and a consensus price target of $129.50.

Bank Of Montreal Price Performance

Shares of BMO stock traded down $1.06 during trading hours on Thursday, reaching $113.58. The company's stock had a trading volume of 33,667 shares, compared to its average volume of 666,556. The firm's 50 day simple moving average is $111.05 and its 200-day simple moving average is $102.83. The company has a market capitalization of $81.37 billion, a price-to-earnings ratio of 14.73, a PEG ratio of 1.24 and a beta of 1.07. Bank Of Montreal has a fifty-two week low of $81.13 and a fifty-two week high of $115.66. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.12.

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

Bank Of Montreal Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Wednesday, July 30th will be given a $1.1801 dividend. This is a boost from Bank Of Montreal's previous quarterly dividend of $1.11. The ex-dividend date of this dividend is Wednesday, July 30th. This represents a $4.72 annualized dividend and a dividend yield of 4.2%. Bank Of Montreal's dividend payout ratio is 62.13%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Brooklyn FI LLC purchased a new position in shares of Bank Of Montreal in the 4th quarter worth approximately $214,000. Townsquare Capital LLC purchased a new position in shares of Bank Of Montreal in the 4th quarter worth approximately $224,000. Mariner LLC boosted its stake in shares of Bank Of Montreal by 8.0% in the 4th quarter. Mariner LLC now owns 50,178 shares of the bank's stock worth $4,870,000 after buying an additional 3,709 shares during the last quarter. Evergreen Capital Management LLC boosted its stake in shares of Bank Of Montreal by 20.0% in the 4th quarter. Evergreen Capital Management LLC now owns 5,836 shares of the bank's stock worth $566,000 after buying an additional 973 shares during the last quarter. Finally, GeoWealth Management LLC boosted its stake in shares of Bank Of Montreal by 2,038.9% in the 4th quarter. GeoWealth Management LLC now owns 1,155 shares of the bank's stock worth $112,000 after buying an additional 1,101 shares during the last quarter. 45.82% of the stock is owned by institutional investors.

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.

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