Bank Of Montreal (NYSE:BMO)‘s stock had its “neutral” rating restated by Dundee Securities in a report issued on Wednesday. They presently have a $90.00 price objective on the stock, down from their prior price objective of $91.00. Dundee Securities’ target price would suggest a potential upside of 41.44% from the company’s current price.

A number of other equities research analysts also recently weighed in on BMO. Royal Bank Of Canada raised their price target on shares of Bank Of Montreal from $84.00 to $88.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 24th. RBC Capital Markets restated a “sector perform” rating and issued a $88.00 price target (up from $84.00) on shares of Bank Of Montreal in a research note on Thursday, August 25th. National Bank Financial restated a “sector perform” rating and issued a $88.00 price target (up from $84.00) on shares of Bank Of Montreal in a research note on Thursday, August 25th. Scotiabank restated a “sector perform” rating and issued a $89.00 price target (up from $86.00) on shares of Bank Of Montreal in a research note on Thursday, August 25th. Finally, Desjardins restated a “hold” rating and issued a $86.00 price target (up from $84.00) on shares of Bank Of Montreal in a research note on Thursday, August 25th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $83.89.

Bank Of Montreal (NYSE:BMO) opened at 63.63 on Wednesday. Bank Of Montreal has a one year low of $47.54 and a one year high of $67.69. The firm has a market cap of $41.04 billion, a PE ratio of 12.50 and a beta of 1.00. The company’s 50-day moving average is $65.62 and its 200-day moving average is $63.95.

Bank Of Montreal (NYSE:BMO) last announced its quarterly earnings data on Tuesday, August 23rd. The company reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.11. The firm had revenue of $5.63 billion for the quarter, compared to the consensus estimate of $3.88 billion. Bank Of Montreal had a net margin of 17.82% and a return on equity of 12.66%. The business’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.86 earnings per share. On average, analysts forecast that Bank Of Montreal will post $5.50 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, November 28th. Shareholders of record on Tuesday, November 1st will be issued a dividend of $0.6696 per share. This is a positive change from Bank Of Montreal’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Friday, October 28th. This represents a $2.68 annualized dividend and a yield of 4.21%. Bank Of Montreal’s dividend payout ratio (DPR) is presently 52.47%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hudock Capital Group LLC raised its stake in Bank Of Montreal by 0.3% in the second quarter. Hudock Capital Group LLC now owns 2,633 shares of the company’s stock valued at $166,000 after buying an additional 9 shares in the last quarter. LifePlan Financial Group Inc raised its stake in Bank Of Montreal by 1.8% in the third quarter. LifePlan Financial Group Inc now owns 3,488 shares of the company’s stock valued at $229,000 after buying an additional 61 shares in the last quarter. Associated Banc Corp raised its stake in Bank Of Montreal by 0.6% in the second quarter. Associated Banc Corp now owns 13,528 shares of the company’s stock valued at $857,000 after buying an additional 75 shares in the last quarter. First Midwest Bank Trust Division raised its stake in Bank Of Montreal by 2.1% in the second quarter. First Midwest Bank Trust Division now owns 3,865 shares of the company’s stock valued at $245,000 after buying an additional 80 shares in the last quarter. Finally, National Planning Corp raised its stake in Bank Of Montreal by 2.1% in the second quarter. National Planning Corp now owns 4,080 shares of the company’s stock valued at $257,000 after buying an additional 83 shares in the last quarter. Hedge funds and other institutional investors own 48.03% of the company’s stock.

Bank Of Montreal Company Profile

Bank of Montreal (BMO) is a financial services company. The Bank provides a range of personal and commercial banking, wealth management and investment banking products and services. The Bank’s operating groups include Personal and Commercial Banking, Wealth Management, BMO Capital Markets (BMO CM) and Corporate Services, including Technology and Operations.

5 Day Chart for NYSE:BMO

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