Cormark Increases Earnings Estimates for Bank of Montreal

Bank of Montreal (TSE:BMO - Free Report) NYSE: BMO - Cormark raised their FY2025 earnings per share (EPS) estimates for Bank of Montreal in a note issued to investors on Thursday, May 29th. Cormark analyst L. Persaud now forecasts that the bank will post earnings per share of $11.76 for the year, up from their prior forecast of $11.45. The consensus estimate for Bank of Montreal's current full-year earnings is $9.65 per share. Cormark also issued estimates for Bank of Montreal's FY2026 earnings at $13.13 EPS.

BMO has been the topic of several other research reports. National Bankshares set a C$144.00 target price on Bank of Montreal and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Royal Bank of Canada set a C$163.00 price objective on shares of Bank of Montreal and gave the company an "outperform" rating in a research report on Monday, March 17th. CIBC lifted their price target on shares of Bank of Montreal from C$150.00 to C$156.00 and gave the company a "neutral" rating in a report on Thursday. Cibc World Mkts downgraded shares of Bank of Montreal from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Finally, Scotiabank upgraded shares of Bank of Montreal to a "hold" rating in a report on Thursday, May 15th. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of C$145.92.

Bank of Montreal Trading Down 0.1%

BMO traded down C$0.10 on Monday, hitting C$148.02. 1,156,453 shares of the company's stock traded hands, compared to its average volume of 3,242,965. The company's 50 day simple moving average is C$136.29 and its 200-day simple moving average is C$139.06. The firm has a market cap of C$107.21 billion, a price-to-earnings ratio of 14.61, a P/E/G ratio of 0.71 and a beta of 1.16. Bank of Montreal has a one year low of C$109.02 and a one year high of C$151.08.

Bank of Montreal Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Wednesday, July 30th will be issued a $1.63 dividend. This is an increase from Bank of Montreal's previous quarterly dividend of $1.59. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.40%. Bank of Montreal's payout ratio is 61.20%.

Bank of Montreal Company Profile

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.