FY2025 EPS Estimate for Bank of Montreal Cut by Analyst

Bank of Montreal (NYSE:BMO) (TSE:BMO) – Analysts at Cormark dropped their FY2025 earnings per share estimates for shares of Bank of Montreal in a research note issued to investors on Friday, February 21st. Cormark analyst L. Persaud now anticipates that the bank will post earnings of $7.71 per share for the year, down from their previous estimate of $7.85. The consensus estimate for Bank of Montreal’s current full-year earnings is $7.71 per share.

A number of other equities research analysts have also recently issued reports on BMO. Cibc World Mkts upgraded Bank of Montreal from a “hold” rating to a “strong-buy” rating in a report on Friday, December 6th. StockNews.com downgraded Bank of Montreal from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. Royal Bank of Canada upgraded Bank of Montreal from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $133.00 to $161.00 in a research report on Wednesday, January 8th. Scotiabank raised shares of Bank of Montreal from a “sector perform” rating to a “sector outperform” rating in a research report on Friday, December 6th. Finally, CIBC raised shares of Bank of Montreal from a “neutral” rating to a “sector outperform” rating in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Bank of Montreal has a consensus rating of “Hold” and a consensus price target of $128.00.

Bank of Montreal Stock Up 4.4 %

Shares of BMO opened at $104.13 on Monday. The firm has a market cap of $75.90 billion, a P/E ratio of 14.92, a price-to-earnings-growth ratio of 1.43 and a beta of 1.09. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.98 and a current ratio of 0.98. Bank of Montreal has a 52 week low of $76.98 and a 52 week high of $106.00. The firm’s 50-day simple moving average is $98.79 and its 200 day simple moving average is $93.68.

Bank of Montreal (NYSE:BMO) (TSE:BMO) last released its quarterly earnings data on Tuesday, February 25th. The bank reported $3.04 EPS for the quarter, beating the consensus estimate of $1.68 by $1.36. The firm had revenue of $9.27 billion for the quarter, compared to the consensus estimate of $8.58 billion. Bank of Montreal had a net margin of 9.22% and a return on equity of 10.18%. The company’s quarterly revenue was up 20.8% on a year-over-year basis. During the same period in the previous year, the company earned $2.56 earnings per share.

Hedge Funds Weigh In On Bank of Montreal

Several hedge funds and other institutional investors have recently made changes to their positions in BMO. IFP Advisors Inc increased its stake in 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 acquiring an additional 201 shares during the last quarter. Addison Advisors LLC boosted its holdings in shares of Bank of Montreal by 282.8% in the 4th quarter. Addison Advisors LLC now owns 333 shares of the bank’s stock valued at $32,000 after purchasing an additional 246 shares in the last quarter. Vision Financial Markets LLC bought a new position in shares of Bank of Montreal in the 4th quarter valued at $39,000. Dunhill Financial LLC acquired a new position in shares of Bank of Montreal during the 4th quarter worth $39,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Bank of Montreal during the 3rd quarter worth $45,000. 45.82% of the stock is currently owned by institutional investors and hedge funds.

Bank of Montreal Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Thursday, January 30th will be issued a $1.1329 dividend. This is a positive change from Bank of Montreal’s previous quarterly dividend of $1.12. This represents a $4.53 annualized dividend and a yield of 4.35%. The ex-dividend date is Thursday, January 30th. Bank of Montreal’s dividend payout ratio (DPR) is currently 63.18%.

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.