FY2025 EPS Estimate for Bank of Montreal Boosted by Analyst

Bank of Montreal (NYSE:BMO) (TSE:BMO) – Equities researchers at National Bank Financial boosted their FY2025 earnings estimates for shares of Bank of Montreal in a report issued on Tuesday, February 25th. National Bank Financial analyst G. Dechaine now forecasts that the bank will earn $8.18 per share for the year, up from their prior forecast of $7.77. 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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $1.36. Bank of Montreal had a return on equity of 10.18% and a net margin of 9.22%. The firm had revenue of $9.27 billion during the quarter, compared to the consensus estimate of $8.58 billion. During the same period in the prior year, the company posted $2.56 earnings per share. The firm’s quarterly revenue was up 20.8% compared to the same quarter last year.

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

Bank of Montreal Stock Down 0.9 %

Shares of NYSE BMO opened at $103.03 on Friday. The stock has a market cap of $75.10 billion, a PE ratio of 14.76, a price-to-earnings-growth ratio of 1.43 and a beta of 1.09. Bank of Montreal has a 52-week low of $76.98 and a 52-week high of $106.00. The business has a 50-day moving average price of $99.09 and a 200 day moving average price of $93.82. 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 Trading of Bank of Montreal

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Bank of Montreal by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 30,494,749 shares of the bank’s stock valued at $2,960,491,000 after acquiring an additional 576,744 shares in the last quarter. TD Asset Management Inc. lifted its position in shares of Bank of Montreal by 2.8% in the 4th quarter. TD Asset Management Inc. now owns 17,615,141 shares of the bank’s stock worth $1,709,215,000 after buying an additional 486,984 shares during the last quarter. Toronto Dominion Bank lifted its holdings in Bank of Montreal by 8.6% in the fourth quarter. Toronto Dominion Bank now owns 12,833,065 shares of the bank’s stock worth $1,244,284,000 after acquiring an additional 1,020,712 shares during the last quarter. Mackenzie Financial Corp grew its holdings in shares of 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 during the last quarter. Finally, Norges Bank acquired a new stake in shares of Bank of Montreal in the 4th quarter worth about $1,014,633,000. Hedge funds and other institutional investors own 45.82% of the company’s stock.

Bank of Montreal Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, April 29th will be paid 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 dividend yield of 4.31%. Bank of Montreal’s dividend payout ratio 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.