Cormark Has Negative Estimate for BMO FY2025 Earnings

Bank of Montreal (NYSE:BMO - Free Report) TSE: BMO - Analysts at Cormark dropped their FY2025 EPS estimates for Bank of Montreal in a report released on Friday, December 6th. Cormark analyst L. Persaud now forecasts that the bank will post earnings of $7.85 per share for the year, down from their previous estimate of $8.10. The consensus estimate for Bank of Montreal's current full-year earnings is $7.79 per share. Cormark also issued estimates for Bank of Montreal's FY2026 earnings at $9.17 EPS.

Other research analysts have also recently issued research reports about the company. Barclays cut their price objective on Bank of Montreal from $132.00 to $126.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 28th. Royal Bank of Canada reissued a "sector perform" rating and issued a $133.00 price target (up from $106.00) on shares of Bank of Montreal in a report on Friday. Scotiabank upgraded shares of Bank of Montreal from a "sector perform" rating to a "sector outperform" rating in a report on Friday. Bank of America cut shares of Bank of Montreal from a "buy" rating to a "neutral" rating and dropped their target price for the company from $134.00 to $117.00 in a research note on Wednesday, August 28th. Finally, TD Securities lowered shares of Bank of Montreal from a "buy" rating to a "hold" rating in a research note on Tuesday, August 27th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $122.40.

Bank of Montreal Stock Performance

Shares of BMO stock traded down $2.59 during trading on Monday, hitting $100.80. The company's stock had a trading volume of 785,097 shares, compared to its average volume of 896,554. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.11. The company has a market cap of $73.54 billion, a PE ratio of 14.81, a P/E/G ratio of 2.88 and a beta of 1.10. The business has a fifty day moving average of $93.33 and a 200-day moving average of $88.36. Bank of Montreal has a 52 week low of $76.98 and a 52 week high of $104.63.

Institutional Investors Weigh In On Bank of Montreal

A number of hedge funds and other institutional investors have recently bought and sold shares of BMO. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Bank of Montreal in the second quarter worth about $34,000. Rothschild Investment LLC bought a new position in Bank of Montreal in the 2nd quarter valued at $40,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Bank of Montreal during the 3rd quarter valued at $45,000. GHP Investment Advisors Inc. increased its holdings in shares of Bank of Montreal by 244.1% in the third quarter. GHP Investment Advisors Inc. now owns 554 shares of the bank's stock worth $50,000 after purchasing an additional 393 shares during the period. Finally, Blue Trust Inc. raised its position in shares of Bank of Montreal by 207.8% in the third quarter. Blue Trust Inc. now owns 668 shares of the bank's stock worth $56,000 after buying an additional 451 shares in the last quarter. Institutional investors own 45.82% of the company's stock.

Bank of Montreal Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Thursday, January 30th will be issued a $1.1329 dividend. The ex-dividend date of this dividend is Thursday, January 30th. This is an increase from Bank of Montreal's previous quarterly dividend of $1.12. This represents a $4.53 annualized dividend and a yield of 4.50%. Bank of Montreal's dividend payout ratio (DPR) is 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.