Desjardins Increases Earnings Estimates for Bank of Montreal

Bank of Montreal (NYSE:BMO) (TSE:BMO) – Stock analysts at Desjardins upped their FY2025 earnings estimates for shares of Bank of Montreal in a research note issued to investors on Tuesday, February 25th. Desjardins analyst D. Young now expects that the bank will post earnings per share of $8.05 for the year, up from their prior estimate of $7.74. The consensus estimate for Bank of Montreal’s current full-year earnings is $7.71 per share.

A number of other equities analysts also recently commented on BMO. StockNews.com upgraded shares of Bank of Montreal from a “sell” rating to a “hold” rating in a report on Friday. CIBC raised shares of Bank of Montreal from a “neutral” rating to a “sector outperform” 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 report on Friday, December 6th. Royal Bank of Canada upped their price target on Bank of Montreal from $161.00 to $163.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Cibc World Mkts upgraded Bank of Montreal from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 6th. Seven research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Bank of Montreal has an average rating of “Moderate Buy” and a consensus price target of $128.40.

Bank of Montreal Trading Down 0.9 %

BMO opened at $103.03 on Friday. Bank of Montreal has a 12 month low of $76.98 and a 12 month high of $106.00. The stock has a fifty day moving average price of $99.09 and a 200-day moving average price of $93.82. The firm has a market cap of $75.10 billion, a price-to-earnings ratio of 14.76, a PEG ratio of 1.43 and a beta of 1.09. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.11.

Bank of Montreal (NYSE:BMO) (TSE:BMO) last issued its quarterly earnings data on Tuesday, February 25th. The bank reported $3.04 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $1.36. The company had revenue of $9.27 billion during 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%. Bank of Montreal’s revenue for the quarter was up 20.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.56 earnings per share.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. IFP Advisors Inc grew its position in Bank of Montreal by 179.5% during the 4th quarter. IFP Advisors Inc now owns 313 shares of the bank’s stock worth $30,000 after purchasing an additional 201 shares during the period. Addison Advisors LLC raised its position in Bank of Montreal by 282.8% during the fourth quarter. Addison Advisors LLC now owns 333 shares of the bank’s stock valued at $32,000 after acquiring an additional 246 shares in the last quarter. Vision Financial Markets LLC acquired a new position in Bank of Montreal in the fourth quarter valued at approximately $39,000. Dunhill Financial LLC purchased a new stake in Bank of Montreal in the 4th quarter worth approximately $39,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Bank of Montreal during the 3rd quarter worth approximately $45,000. Hedge funds and other institutional investors own 45.82% of the company’s stock.

Bank of Montreal Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, April 29th will be issued a $1.1094 dividend. This represents a $4.44 annualized dividend and a dividend yield of 4.31%. The ex-dividend date is Tuesday, April 29th. Bank of Montreal’s dividend payout ratio (DPR) is currently 63.18%.

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.