FY2025 EPS Forecast for Bank of Montreal Lifted by Analyst

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

Bank of Montreal (NYSE:BMO) (TSE:BMO) last announced its quarterly earnings results on Tuesday, February 25th. The bank reported $3.04 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 10.18% and a net margin of 9.22%. The business’s revenue was up 20.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.56 earnings per share.

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

Bank of Montreal Trading Down 0.3 %

Shares of NYSE:BMO opened at $102.71 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 market cap of $74.86 billion, a PE ratio of 14.71, a P/E/G ratio of 1.43 and a beta of 1.09. The business has a 50 day moving average of $99.21 and a 200-day moving average of $93.97. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.11.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Heck Capital Advisors LLC acquired a new position in Bank of Montreal during the fourth quarter valued at approximately $346,000. Mackenzie Financial Corp raised its position in Bank of Montreal by 15.4% during the fourth quarter. Mackenzie Financial Corp now owns 12,215,628 shares of the bank’s stock valued at $1,184,636,000 after purchasing an additional 1,630,962 shares in the last quarter. Forum Financial Management LP raised its position in Bank of Montreal by 45.3% during the fourth quarter. Forum Financial Management LP now owns 7,958 shares of the bank’s stock valued at $772,000 after purchasing an additional 2,481 shares in the last quarter. North Star Asset Management Inc. raised its position in Bank of Montreal by 1.2% during the fourth quarter. North Star Asset Management Inc. now owns 8,422 shares of the bank’s stock valued at $817,000 after purchasing an additional 100 shares in the last quarter. Finally, Pinney & Scofield Inc. acquired a new position in Bank of Montreal during the fourth quarter valued at approximately $165,000. 45.82% of the stock is currently owned by institutional investors and hedge funds.

Bank of Montreal Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, April 29th will be given a dividend of $1.1094 per share. The ex-dividend date of this dividend is Tuesday, April 29th. This represents a $4.44 annualized dividend and a yield of 4.32%. Bank of Montreal’s dividend payout ratio 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.