Bank of Montreal (NYSE:BMO - Free Report) TSE: BMO - Stock analysts at National Bank Financial upped their FY2026 earnings per share estimates for shares of Bank of Montreal in a research report issued to clients and investors on Wednesday, May 28th. National Bank Financial analyst G. Dechaine now anticipates that the bank will earn $9.28 per share for the year, up from their prior estimate of $8.83. The consensus estimate for Bank of Montreal's current full-year earnings is $7.71 per share.
Bank of Montreal (NYSE:BMO - Get Free Report) TSE: BMO last released its quarterly earnings data on Wednesday, May 28th. The bank reported $1.84 EPS for the quarter, meeting the consensus estimate of $1.84. The business had revenue of $6.32 billion during the quarter, compared to analyst estimates of $8.79 billion. Bank of Montreal had a net margin of 9.22% and a return on equity of 10.18%. Bank of Montreal's quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the business earned $2.59 earnings per share.
A number of other equities research analysts also recently issued reports on the company. CIBC restated a "neutral" rating on shares of Bank of Montreal in a research report on Tuesday, May 20th. Scotiabank assumed coverage on Bank of Montreal in a research note on Thursday, May 15th. They issued a "sector perform" rating on the stock. Cibc World Mkts lowered Bank of Montreal from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Royal Bank of Canada increased their target price on Bank of Montreal from $161.00 to $163.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 26th. Finally, Wall Street Zen raised shares of Bank of Montreal from a "sell" rating to a "hold" rating in a research note on Friday, February 28th. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Bank of Montreal presently has an average rating of "Hold" and a consensus price target of $128.40.
View Our Latest Analysis on Bank of Montreal
Bank of Montreal Price Performance
Shares of NYSE BMO traded up $0.43 during mid-day trading on Friday, hitting $107.41. 461,479 shares of the company's stock traded hands, compared to its average volume of 836,161. The company's 50-day moving average is $97.18 and its two-hundred day moving average is $97.82. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market capitalization of $77.56 billion, a P/E ratio of 15.39, a PEG ratio of 1.43 and a beta of 1.03. Bank of Montreal has a 1 year low of $76.98 and a 1 year high of $108.38.
Bank of Montreal Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 26th. Investors of record on Wednesday, July 30th will be given a $1.1801 dividend. The ex-dividend date is Wednesday, July 30th. This represents a $4.72 dividend on an annualized basis and a yield of 4.39%. This is a positive change from Bank of Montreal's previous quarterly dividend of $1.11. Bank of Montreal's dividend payout ratio is currently 58.75%.
Institutional Trading of Bank of Montreal
Several large investors have recently made changes to their positions in the business. Cary Street Partners Investment Advisory LLC boosted its stake in shares of Bank of Montreal by 228.9% in 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 during the last quarter. IFP Advisors Inc boosted its position in Bank of Montreal by 179.5% in the 4th quarter. IFP Advisors Inc now owns 313 shares of the bank's stock worth $30,000 after purchasing an additional 201 shares in the last quarter. Addison Advisors LLC boosted its position in Bank of Montreal by 282.8% in the 4th quarter. Addison Advisors LLC now owns 333 shares of the bank's stock worth $32,000 after purchasing an additional 246 shares in the last quarter. Bayforest Capital Ltd purchased a new stake in Bank of Montreal in the 1st quarter worth approximately $34,000. Finally, Vision Financial Markets LLC purchased a new stake in Bank of Montreal during the fourth quarter worth $39,000. 45.82% of the stock is owned by hedge funds and other institutional investors.
About Bank of Montreal
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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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