Equities Analysts Offer Predictions for BMO FY2025 Earnings

Bank of Montreal (NYSE:BMO - Free Report) TSE: BMO - Equities researchers at Desjardins decreased their FY2025 EPS estimates for Bank of Montreal in a research report issued to clients and investors on Thursday, December 5th. Desjardins analyst D. Young now expects that the bank will earn $7.74 per share for the year, down from their previous estimate of $7.78. The consensus estimate for Bank of Montreal's current full-year earnings is $7.79 per share. Desjardins also issued estimates for Bank of Montreal's FY2026 earnings at $8.95 EPS.

Other research analysts have also recently issued reports about the stock. Cibc World Mkts raised shares of Bank of Montreal from a "hold" rating to a "strong-buy" rating in a report on Friday. Scotiabank raised shares of Bank of Montreal from a "sector perform" rating to a "sector outperform" rating in a research report on Friday. Jefferies Financial Group lowered shares of Bank of Montreal from a "buy" rating to a "hold" rating in a research report on Tuesday, August 27th. Barclays cut their price objective on shares of Bank of Montreal from $132.00 to $126.00 and set an "overweight" rating for the company in a report on Wednesday, August 28th. Finally, StockNews.com cut shares of Bank of Montreal from a "hold" rating to a "sell" rating in a report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Bank of Montreal presently has a consensus rating of "Hold" and an average target price of $122.40.

Bank of Montreal Stock Down 2.5 %

Shares of NYSE BMO traded down $2.59 during trading hours on Monday, hitting $100.80. The company had a trading volume of 785,097 shares, compared to its average volume of 896,554. The firm's 50 day moving average is $93.33 and its 200-day moving average is $88.36. Bank of Montreal has a 1-year low of $76.98 and a 1-year high of $104.63. The stock has a market capitalization of $73.54 billion, a P/E ratio of 14.81, a price-to-earnings-growth ratio of 2.88 and a beta of 1.10. 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 hedge funds have recently added to or reduced their stakes in BMO. National Bank of Canada FI increased its position in shares of Bank of Montreal by 4.9% during the second quarter. National Bank of Canada FI now owns 14,761,836 shares of the bank's stock worth $1,231,564,000 after buying an additional 692,049 shares during the period. Toronto Dominion Bank lifted its stake in shares of Bank of Montreal by 14.9% in the 3rd quarter. Toronto Dominion Bank now owns 11,812,353 shares of the bank's stock valued at $1,065,474,000 after purchasing an additional 1,534,508 shares during the period. 1832 Asset Management L.P. boosted its position in shares of Bank of Montreal by 6.8% during the 2nd quarter. 1832 Asset Management L.P. now owns 7,312,320 shares of the bank's stock valued at $613,138,000 after purchasing an additional 463,924 shares in the last quarter. JARISLOWSKY FRASER Ltd grew its stake in Bank of Montreal by 36.9% during the second quarter. JARISLOWSKY FRASER Ltd now owns 5,239,662 shares of the bank's stock worth $439,705,000 after purchasing an additional 1,412,532 shares during the period. Finally, FMR LLC boosted its holdings in shares of Bank of Montreal by 14.2% during the 3rd quarter. FMR LLC now owns 5,046,721 shares of the bank's stock worth $455,397,000 after buying an additional 625,797 shares in the last quarter. Institutional investors own 45.82% of the company's stock.

Bank of Montreal Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Thursday, January 30th will be given a dividend of $1.1329 per share. This represents a $4.53 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date is Thursday, January 30th. This is an increase from Bank of Montreal's previous quarterly dividend of $1.12. Bank of Montreal's dividend payout ratio is currently 65.62%.

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.