FY2025 EPS Forecast for Bank Of Montreal Raised by Analyst

Key Points

• National Bank Financial has raised its FY2025 earnings estimate for Bank Of Montreal to $8.51 per share, up from the previous estimate of $8.30, indicating positive outlook for the bank’s future performance.
• Bank Of Montreal has increased its quarterly dividend to $1.63 per share, which represents an annualized dividend of $6.52 and a dividend yield of 5.5%.
• The bank's most recent earnings report showed $2.33 EPS for the quarter, beating expectations, but revenue was lower than anticipated at $6.51 billion.

Bank Of Montreal (NYSE:BMO - Free Report) TSE: BMO - Equities researchers at National Bank Financial upped their FY2025 earnings estimates for shares of Bank Of Montreal in a research note issued on Tuesday, August 26th. National Bank Financial analyst G. Dechaine now expects that the bank will post earnings of $8.51 per share for the year, up from their previous estimate of $8.30. The consensus estimate for Bank Of Montreal's current full-year earnings is $7.71 per share. National Bank Financial also issued estimates for Bank Of Montreal's FY2026 earnings at $9.54 EPS.

Other equities analysts have also recently issued reports about the stock. Barclays cut shares of Bank Of Montreal from an "overweight" rating to an "equal weight" rating in a research note 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 shares of Bank Of Montreal from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Royal Bank Of Canada upped their price objective on shares of Bank Of Montreal from $161.00 to $168.00 and gave the stock an "outperform" rating in a research report on Wednesday. Finally, National Bankshares restated an "outperform" rating on shares of Bank Of Montreal in a research report on Friday, August 15th. Two analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Bank Of Montreal currently has an average rating of "Hold" and a consensus price target of $168.00.

Bank Of Montreal Stock Performance

BMO opened at $119.03 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a fifty day moving average price of $112.47 and a 200 day moving average price of $103.88. Bank Of Montreal has a 1 year low of $81.13 and a 1 year high of $120.30. The stock has a market cap of $85.27 billion, a P/E ratio of 14.57, a P/E/G ratio of 1.33 and a beta of 1.07.

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

Bank Of Montreal Increases Dividend

The firm also recently announced 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 of this dividend is Thursday, October 30th. This is a positive change from Bank Of Montreal's previous quarterly dividend of $1.18. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.5%. Bank Of Montreal's payout ratio is currently 62.13%.

Institutional Investors Weigh In On Bank Of Montreal

Large investors have recently modified their holdings of the business. WFA of San Diego LLC purchased a new stake in shares of Bank Of Montreal during the second quarter worth $28,000. Cary Street Partners Investment Advisory LLC grew its holdings in shares of Bank Of Montreal by 228.9% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 273 shares of the bank's stock worth $26,000 after buying an additional 190 shares in the last quarter. Princeton Global Asset Management LLC grew its holdings in shares of Bank Of Montreal by 40.0% during the second quarter. Princeton Global Asset Management LLC now owns 350 shares of the bank's stock worth $39,000 after buying an additional 100 shares in the last quarter. Harbor Asset Planning Inc. purchased a new stake in shares of Bank Of Montreal during the second quarter worth $39,000. Finally, Bayforest Capital Ltd purchased a new stake in shares of Bank Of Montreal during the first quarter worth $34,000. Hedge funds and other institutional investors own 45.82% of the company's stock.

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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