Desjardins Predicts Increased Earnings for Bank of Montreal

Bank of Montreal (TSE:BMO - Free Report) NYSE: BMO - Desjardins upped their FY2026 earnings estimates for shares of 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 $12.60 per share for the year, up from their prior forecast of $12.20. Desjardins has a "Hold" rating and a $120.00 price objective on the stock. The consensus estimate for Bank of Montreal's current full-year earnings is $9.65 per share.

A number of other research analysts also recently issued reports on the stock. CIBC upgraded shares of Bank of Montreal from a "neutral" rating to an "outperform" rating and raised their price target for the stock from C$134.00 to C$150.00 in a research report on Friday. Cormark dropped their price objective on shares of Bank of Montreal from C$129.00 to C$118.00 in a report on Wednesday, August 28th. Canaccord Genuity Group raised their target price on shares of Bank of Montreal from C$143.00 to C$148.00 in a research note on Friday. TD Securities raised their target price on shares of Bank of Montreal from C$114.00 to C$131.00 in a research note on Friday, November 15th. Finally, Scotiabank raised shares of Bank of Montreal from a "sector perform" rating to an "outperform" rating and raised their target price for the company from C$147.00 to C$160.00 in a research note on Friday. Six investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Bank of Montreal presently has a consensus rating of "Moderate Buy" and an average price target of C$131.33.

Bank of Montreal Trading Down 2.3 %

TSE BMO traded down C$3.43 during trading hours on Monday, reaching C$142.89. 2,180,916 shares of the company traded hands, compared to its average volume of 2,920,632. Bank of Montreal has a 12 month low of C$109.02 and a 12 month high of C$147.54. The stock has a market capitalization 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 two-hundred day moving average of C$121.76.

Insider Activity at Bank of Montreal

In other news, Senior Officer David Robert Casper sold 12,819 shares of Bank of Montreal stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of C$121.85, for a total value of C$1,562,007.97. Insiders own 0.03% 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. Investors of record on Thursday, January 30th will be issued a dividend of $1.59 per share. 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%.

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.