FY2025 EPS Estimate for Bank of Montreal Lowered by Analyst

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

Several other brokerages 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 lowered Bank of Montreal from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. Scotiabank upgraded Bank of Montreal from a “sector perform” rating to a “sector outperform” rating in a report on Friday, December 6th. Royal Bank of Canada upgraded Bank of Montreal from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $133.00 to $161.00 in a report on Wednesday, January 8th. Finally, CIBC upgraded shares of Bank of Montreal from a “neutral” rating to a “sector outperform” rating in a research note on Friday, December 6th. One 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 stock. According to MarketBeat.com, Bank of Montreal has a consensus rating of “Hold” and an average price target of $128.00.

Bank of Montreal Price Performance

Bank of Montreal stock opened at $99.80 on Monday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $72.74 billion, a P/E ratio of 14.30, a PEG ratio of 1.43 and a beta of 1.09. The firm has a fifty day moving average of $98.67 and a 200-day moving average of $93.52. Bank of Montreal has a 52-week low of $76.98 and a 52-week high of $104.63.

Institutional Trading of Bank of Montreal

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. IFP Advisors Inc grew its holdings 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 acquiring an additional 201 shares in the last quarter. Addison Advisors LLC lifted its position in shares of Bank of Montreal by 282.8% during the fourth quarter. Addison Advisors LLC now owns 333 shares of the bank’s stock worth $32,000 after purchasing an additional 246 shares during the last quarter. Vision Financial Markets LLC acquired a new position in Bank of Montreal in the fourth quarter worth about $39,000. Dunhill Financial LLC bought a new stake in Bank of Montreal in the fourth quarter valued at about $39,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Bank of Montreal during the third quarter valued at approximately $45,000. Institutional investors own 45.82% of the company’s stock.

Bank of Montreal Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Thursday, January 30th will be given a dividend of $1.1329 per share. The ex-dividend date is Thursday, January 30th. This represents a $4.53 dividend on an annualized basis and a dividend yield of 4.54%. This is an increase from Bank of Montreal’s previous quarterly dividend of $1.12. Bank of Montreal’s dividend payout ratio (DPR) is presently 63.32%.

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.