Cormark Has Optimistic Outlook of TSE:BMO FY2025 Earnings

Bank of Montreal (TSE:BMO - Free Report) NYSE: BMO - Investment analysts at Cormark increased their FY2025 earnings estimates for shares of Bank of Montreal in a note issued to investors on Wednesday, February 26th. Cormark analyst L. Persaud now forecasts that the bank will post earnings per share of $11.81 for the year, up from their previous estimate of $11.01. The consensus estimate for Bank of Montreal's current full-year earnings is $9.65 per share. Cormark also issued estimates for Bank of Montreal's FY2025 earnings at $11.81 EPS.

A number of other brokerages also recently issued reports on BMO. Cibc World Mkts upgraded shares of Bank of Montreal from a "hold" rating to a "strong-buy" rating in a report on Friday, December 6th. Jefferies Financial Group increased their price target on shares of Bank of Montreal from C$140.00 to C$155.00 and gave the company a "hold" rating in a report on Wednesday, February 26th. UBS Group increased their price target on shares of Bank of Montreal from C$146.00 to C$160.00 in a report on Friday. Scotiabank dropped their target price on shares of Bank of Montreal from C$160.00 to C$159.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. Finally, Desjardins raised their target price on shares of Bank of Montreal from C$147.00 to C$155.00 and gave the company a "hold" rating in a report on Wednesday, February 26th. Six equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of C$149.31.

Bank of Montreal Price Performance

Shares of BMO stock traded down C$1.29 during mid-day trading on Friday, hitting C$147.47. The stock had a trading volume of 1,849,129 shares, compared to its average volume of 3,158,569. Bank of Montreal has a fifty-two week low of C$109.02 and a fifty-two week high of C$151.08. The firm has a market cap of C$106.81 billion, a PE ratio of 14.56, a PEG ratio of 0.71 and a beta of 1.16. The company's 50-day simple moving average is C$142.56 and its 200-day simple moving average is C$131.68.

Insider Buying and Selling

In related news, Director William Darryl White sold 11,376 shares of the firm's stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of C$140.79, for a total value of C$1,601,592.91. Also, Senior Officer Nadim Hirji sold 3,238 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of C$148.87, for a total transaction of C$482,024.87. Corporate insiders own 0.03% of the company's stock.

Bank of Montreal Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, April 29th will be given a $1.59 dividend. This represents a $6.36 annualized dividend and a dividend yield of 4.31%. Bank of Montreal's dividend payout ratio is presently 61.20%.

Bank of Montreal Company Profile

Bank of Montreal is a diversified financial-services provider based in North America, operating four business segments: Canadian personal and commercial banking, U.S. P&C banking, wealth management, and capital markets.