Cormark Forecasts Higher Earnings for Bank of Montreal

Bank of Montreal (NYSE:BMO - Free Report) TSE: BMO - Analysts at Cormark lifted their FY2025 earnings per share estimates for Bank of Montreal in a research report issued to clients and investors on Wednesday, February 26th. Cormark analyst L. Persaud now forecasts that the bank will post earnings of $8.27 per share for the year, up from their prior estimate of $7.71. The consensus estimate for Bank of Montreal's current full-year earnings is $7.71 per share. Cormark also issued estimates for Bank of Montreal's FY2026 earnings at $9.38 EPS.

Other equities research analysts have also issued reports about the company. Royal Bank of Canada upped their price objective on Bank of Montreal from $161.00 to $163.00 and gave the company an "outperform" rating in a research note on Wednesday, February 26th. Cibc World Mkts upgraded Bank of Montreal from a "hold" rating to a "strong-buy" rating in a research report on Friday, December 6th. StockNews.com raised Bank of Montreal from a "sell" rating to a "hold" rating in a report on Friday. CIBC raised shares of Bank of Montreal from a "neutral" rating to a "sector outperform" rating in a report on Friday, December 6th. Finally, Scotiabank raised shares of Bank of Montreal from a "sector perform" rating to a "sector outperform" rating in a report on Friday, December 6th. Seven research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $128.40.

Bank of Montreal Price Performance

NYSE BMO traded down $1.95 on Friday, reaching $99.67. The company's stock had a trading volume of 930,743 shares, compared to its average volume of 627,840. The firm has a market cap of $72.65 billion, a PE ratio of 14.28, a price-to-earnings-growth ratio of 1.43 and a beta of 1.09. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.11. 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 $99.31 and a 200 day moving average price of $94.24.

Bank of Montreal (NYSE:BMO - Get Free Report) 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 the consensus estimate of $1.68 by $1.36. The firm had revenue of $9.27 billion for the quarter, compared to analyst estimates of $8.58 billion. Bank of Montreal had a net margin of 9.22% and a return on equity of 10.18%. The business's revenue for the quarter was up 20.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.56 EPS.

Bank of Montreal Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, April 29th will be given a $1.1094 dividend. This represents a $4.44 annualized dividend and a yield of 4.45%. The ex-dividend date of this dividend is Tuesday, April 29th. Bank of Montreal's dividend payout ratio (DPR) is presently 56.83%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BMO. Bank of New York Mellon Corp raised its position in shares of Bank of Montreal by 6.0% during the fourth quarter. Bank of New York Mellon Corp now owns 708,767 shares of the bank's stock worth $68,786,000 after acquiring an additional 40,135 shares during the last quarter. Heck Capital Advisors LLC bought a new stake in Bank of Montreal during the 4th quarter worth about $346,000. Five Oceans Advisors acquired a new position in Bank of Montreal during the 4th quarter valued at about $327,000. Wellington Management Group LLP boosted its stake in shares of Bank of Montreal by 80.0% in the 3rd quarter. Wellington Management Group LLP now owns 125,572 shares of the bank's stock valued at $11,344,000 after purchasing an additional 55,823 shares during the last quarter. Finally, Intact Investment Management Inc. grew its position in shares of Bank of Montreal by 72.9% during the 3rd quarter. Intact Investment Management Inc. now owns 588,209 shares of the bank's stock worth $53,082,000 after buying an additional 248,098 shares during the period. Institutional investors and hedge funds own 45.82% of the company's stock.

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.