Bank of Montreal (BMO) Projected to Post Earnings on Tuesday

Bank of Montreal (NYSE:BMO - Get Free Report) TSE: BMO is anticipated to release its earnings data before the market opens on Tuesday, February 25th. Analysts expect Bank of Montreal to post earnings of $1.68 per share and revenue of $8.57 billion for the quarter. Persons that are interested in registering for the company's earnings conference call can do so using this link.

Bank of Montreal Stock Performance

Shares of Bank of Montreal stock traded down $0.40 on Friday, hitting $100.53. The stock had a trading volume of 1,226,166 shares, compared to its average volume of 598,284. The stock has a market cap of $73.27 billion, a price-to-earnings ratio of 14.40, a price-to-earnings-growth ratio of 1.43 and a beta of 1.09. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.11. Bank of Montreal has a twelve month low of $76.98 and a twelve month high of $104.63. The business's 50 day moving average is $98.65 and its two-hundred day moving average is $93.22.

Bank of Montreal Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Thursday, January 30th will be issued a $1.1329 dividend. This represents a $4.53 dividend on an annualized basis and a yield of 4.51%. This is a positive change from Bank of Montreal's previous quarterly dividend of $1.12. The ex-dividend date is Thursday, January 30th. Bank of Montreal's dividend payout ratio is currently 63.18%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on BMO. Cibc World Mkts raised shares of Bank of Montreal from a "hold" rating to a "strong-buy" rating in a research report on Friday, December 6th. Scotiabank upgraded shares of Bank of Montreal from a "sector perform" rating to a "sector outperform" rating in a research note on Friday, December 6th. Royal Bank of Canada upgraded shares of Bank of Montreal from a "sector perform" rating to an "outperform" rating and increased their target price for the stock from $133.00 to $161.00 in a research report on Wednesday, January 8th. StockNews.com downgraded shares of Bank of Montreal from a "hold" rating to a "sell" rating in a research report on Thursday. Finally, CIBC raised Bank of Montreal from a "neutral" rating to a "sector outperform" rating in a research report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $128.00.

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.