Cormark Has Optimistic Outlook of TSE:BMO FY2026 Earnings

Bank of Montreal (TSE:BMO - Free Report) NYSE: BMO - Research analysts at Cormark increased their FY2026 earnings per share estimates for shares of Bank of Montreal in a report issued on Friday, December 6th. Cormark analyst L. Persaud now forecasts that the bank will earn $12.92 per share for the year, up from their prior forecast of $12.68. The consensus estimate for Bank of Montreal's current full-year earnings is $9.65 per share.

Several other analysts also recently commented on BMO. Jefferies Financial Group dropped their target price on shares of Bank of Montreal from C$141.00 to C$124.00 and set a "buy" rating on the stock in a report on Monday, August 12th. Scotiabank upgraded shares of Bank of Montreal from a "sector perform" rating to an "outperform" rating and raised their target price for the stock from C$147.00 to C$160.00 in a report on Friday. TD Securities raised their target price on shares of Bank of Montreal from C$114.00 to C$131.00 in a report on Friday, November 15th. CIBC upgraded shares of Bank of Montreal from a "neutral" rating to an "outperform" rating and raised their target price for the stock from C$134.00 to C$150.00 in a report on Friday. Finally, Desjardins dropped their target price on shares of Bank of Montreal from C$125.00 to C$120.00 and set a "hold" rating on the stock in a report on Wednesday, August 28th. Six research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of C$131.33.

Bank of Montreal Trading Down 2.3 %

Shares of BMO stock traded down C$3.43 on Monday, reaching C$142.89. The company had a trading volume of 2,180,916 shares, compared to its average volume of 2,920,632. The stock has a market cap of C$104.23 billion, a PE ratio of 16.44, a PEG ratio of 0.71 and a beta of 1.16. The company has a 50-day moving average of C$129.31 and a 200-day moving average of C$121.76. Bank of Montreal has a 12 month low of C$109.02 and a 12 month high of C$147.54.

Bank of Montreal Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Thursday, January 30th will be paid a $1.59 dividend. This is a boost from Bank of Montreal's previous quarterly dividend of $1.55. This represents a $6.36 annualized dividend and a dividend yield of 4.45%. Bank of Montreal's dividend payout ratio (DPR) is currently 71.35%.

Insider Activity at Bank of Montreal

In other Bank of Montreal news, Senior Officer David Robert Casper sold 12,819 shares of the firm's stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of C$121.85, for a total transaction of C$1,562,007.97. 0.03% of the stock is owned by company insiders.

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.