Bank of Montreal (NYSE:BMO) (TSE:BMO) – Investment analysts at Desjardins cut their FY2019 EPS estimates for shares of Bank of Montreal in a research report issued on Tuesday, February 5th. Desjardins analyst D. Young now anticipates that the bank will earn $7.22 per share for the year, down from their prior estimate of $7.26. Desjardins currently has a “Hold” rating on the stock.

Several other brokerages have also recently weighed in on BMO. Zacks Investment Research upgraded shares of Bank of Montreal from a “hold” rating to a “buy” rating and set a $89.00 price target on the stock in a research report on Tuesday, October 16th. Barclays restated a “hold” rating on shares of Bank of Montreal in a research report on Friday, November 16th. ValuEngine cut shares of Bank of Montreal from a “hold” rating to a “sell” rating in a research report on Thursday, November 1st. Canaccord Genuity restated a “buy” rating on shares of Bank of Montreal in a research report on Thursday, November 22nd. Finally, Bank of America cut shares of Bank of Montreal from a “neutral” rating to an “underperform” rating in a research report on Monday, January 28th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $103.33.

Shares of BMO opened at $73.06 on Friday. Bank of Montreal has a fifty-two week low of $62.79 and a fifty-two week high of $84.36. The firm has a market capitalization of $46.58 billion, a P/E ratio of 10.45, a price-to-earnings-growth ratio of 3.22 and a beta of 1.19. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.16.

Bank of Montreal (NYSE:BMO) (TSE:BMO) last released its earnings results on Tuesday, December 4th. The bank reported $2.32 EPS for the quarter, topping the consensus estimate of $1.75 by $0.57. Bank of Montreal had a net margin of 16.91% and a return on equity of 14.97%. The firm had revenue of $5.92 billion for the quarter, compared to the consensus estimate of $5.61 billion. During the same quarter in the previous year, the firm earned $1.94 earnings per share. The company’s quarterly revenue was up 4.7% compared to the same quarter last year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 26th. Shareholders of record on Friday, February 1st will be given a dividend of $0.753 per share. This is a boost from Bank of Montreal’s previous quarterly dividend of $0.74. The ex-dividend date is Thursday, January 31st. This represents a $3.01 dividend on an annualized basis and a yield of 4.12%. Bank of Montreal’s payout ratio is 43.63%.

Hedge funds have recently bought and sold shares of the business. Intact Investment Management Inc. increased its position in Bank of Montreal by 12.7% during the third quarter. Intact Investment Management Inc. now owns 283,223 shares of the bank’s stock valued at $30,175,000 after acquiring an additional 32,000 shares during the last quarter. SVA Plumb Wealth Management LLC increased its position in Bank of Montreal by 22.3% during the third quarter. SVA Plumb Wealth Management LLC now owns 6,964 shares of the bank’s stock valued at $575,000 after acquiring an additional 1,268 shares during the last quarter. Hillsdale Investment Management Inc. increased its position in Bank of Montreal by 48.0% during the third quarter. Hillsdale Investment Management Inc. now owns 328,790 shares of the bank’s stock valued at $27,125,000 after acquiring an additional 106,670 shares during the last quarter. Vanguard Group Inc increased its position in Bank of Montreal by 2.7% during the third quarter. Vanguard Group Inc now owns 16,878,668 shares of the bank’s stock valued at $1,392,996,000 after acquiring an additional 444,234 shares during the last quarter. Finally, Strs Ohio increased its position in Bank of Montreal by 254.9% during the third quarter. Strs Ohio now owns 624,600 shares of the bank’s stock valued at $51,481,000 after acquiring an additional 448,600 shares during the last quarter. Institutional investors and hedge funds own 44.06% of the company’s stock.

About Bank of Montreal

Bank of Montreal provides diversified financial services primarily in North America. It operates through three groups: Personal and Commercial Banking, Wealth Management, and BMO Capital Markets. The company's personal banking products and services include checking and savings accounts, credit cards, mortgages, and financial and investment advice services; and commercial banking products and services comprise business deposit accounts, commercial credit cards, business loans and commercial mortgages, cash management solutions, foreign exchange, and specialized banking programs for small business and commercial banking customers, as well as wealth management products and services, such as insurance products.

Recommended Story: Debt-To-Equity Ratio

Earnings History and Estimates for Bank of Montreal (NYSE:BMO)

Receive News & Ratings for Bank of Montreal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Montreal and related companies with MarketBeat.com's FREE daily email newsletter.