FY2025 EPS Estimates for Bank of Montreal Lowered by Cormark

Bank of Montreal (NYSE:BMO) (TSE:BMO) – Research analysts at Cormark lowered their FY2025 EPS estimates for shares of Bank of Montreal in a report released on Friday, February 21st. Cormark analyst L. Persaud now forecasts that the bank will post earnings per share of $7.71 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.

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

Bank of Montreal Trading Up 4.4 %

NYSE BMO opened at $104.13 on Monday. Bank of Montreal has a 12 month low of $76.98 and a 12 month high of $106.00. The stock has a 50-day simple moving average of $98.79 and a 200 day simple moving average of $93.68. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $75.90 billion, a PE ratio of 14.92, a P/E/G ratio of 1.43 and a beta of 1.09.

Bank of Montreal (NYSE:BMO) (TSE:BMO) last released its earnings results on Tuesday, February 25th. The bank reported $3.04 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $1.36. Bank of Montreal had a net margin of 9.22% and a return on equity of 10.18%. The firm had revenue of $9.27 billion during the quarter, compared to analyst estimates of $8.58 billion. During the same quarter in the previous year, the business earned $2.56 EPS. The business’s quarterly revenue was up 20.8% compared to the same quarter last year.

Bank of Montreal Increases Dividend

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

Hedge Funds Weigh In On Bank of Montreal

Large investors have recently bought and sold shares of the company. Heck Capital Advisors LLC acquired a new position in Bank of Montreal during the fourth quarter worth $346,000. Mackenzie Financial Corp boosted its stake in shares of Bank of Montreal by 15.4% during the 4th quarter. Mackenzie Financial Corp now owns 12,215,628 shares of the bank’s stock worth $1,184,636,000 after buying an additional 1,630,962 shares during the last quarter. Forum Financial Management LP grew its holdings in shares of Bank of Montreal by 45.3% in the 4th quarter. Forum Financial Management LP now owns 7,958 shares of the bank’s stock valued at $772,000 after acquiring an additional 2,481 shares in the last quarter. North Star Asset Management Inc. grew its holdings in shares of Bank of Montreal by 1.2% in the 4th quarter. North Star Asset Management Inc. now owns 8,422 shares of the bank’s stock valued at $817,000 after acquiring an additional 100 shares in the last quarter. Finally, Pinney & Scofield Inc. acquired a new stake in shares of Bank of Montreal in the fourth quarter valued at about $165,000. Institutional investors and hedge funds own 45.82% of the company’s stock.

About Bank of Montreal

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.