Desjardins Analysts Decrease Earnings Estimates for BMO

Bank Of Montreal (NYSE:BMO) (TSE:BMO) – Research analysts at Desjardins dropped their FY2025 earnings per share (EPS) estimates for Bank Of Montreal in a report issued on Tuesday, November 11th. Desjardins analyst D. Young now anticipates that the bank will post earnings per share of $8.43 for the year, down from their previous forecast of $8.46. The consensus estimate for Bank Of Montreal’s current full-year earnings is $7.71 per share.

Several other brokerages have also commented on BMO. National Bankshares reiterated an “outperform” rating on shares of Bank Of Montreal in a research note on Friday, August 15th. Royal Bank Of Canada cut Bank Of Montreal from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from $168.00 to $163.00 in a research report on Friday, October 3rd. UBS Group restated a “neutral” rating on shares of Bank Of Montreal in a research note on Wednesday, August 27th. Cibc World Mkts upgraded shares of Bank Of Montreal from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 5th. Finally, Scotiabank reissued a “sector perform” rating on shares of Bank Of Montreal in a research report on Wednesday, August 27th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $163.00.

Bank Of Montreal Stock Down 1.1%

NYSE:BMO traded down $1.43 during trading hours on Friday, hitting $122.71. The company’s stock had a trading volume of 98,686 shares, compared to its average volume of 670,552. Bank Of Montreal has a 52-week low of $85.40 and a 52-week high of $131.36. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $87.75 billion, a P/E ratio of 15.02, a price-to-earnings-growth ratio of 1.28 and a beta of 1.04. The stock has a fifty day moving average of $126.99 and a 200-day moving average of $115.52.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last posted its earnings results on Tuesday, August 26th. The bank reported $2.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.21. The firm had revenue of $6.51 billion for the quarter, compared to analyst estimates of $8.84 billion. Bank Of Montreal had a return on equity of 10.57% and a net margin of 11.00%.Bank Of Montreal’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.64 EPS.

Bank Of Montreal Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Thursday, October 30th will be given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date is Thursday, October 30th. This is a positive change from Bank Of Montreal’s previous quarterly dividend of $1.18. Bank Of Montreal’s payout ratio is 57.28%.

Institutional Investors Weigh In On Bank Of Montreal

A number of large investors have recently added to or reduced their stakes in BMO. Ascent Group LLC grew its position in shares of Bank Of Montreal by 3.5% in the second quarter. Ascent Group LLC now owns 2,756 shares of the bank’s stock valued at $305,000 after purchasing an additional 92 shares during the last quarter. Choreo LLC grew its holdings in shares of Bank Of Montreal by 3.6% during the third quarter. Choreo LLC now owns 2,735 shares of the bank’s stock worth $356,000 after buying an additional 95 shares in the last quarter. Princeton Global Asset Management LLC lifted its stake in shares of Bank Of Montreal by 40.0% during the second quarter. Princeton Global Asset Management LLC now owns 350 shares of the bank’s stock valued at $39,000 after buying an additional 100 shares during the period. Intrust Bank NA boosted its position in Bank Of Montreal by 3.0% during the third quarter. Intrust Bank NA now owns 3,710 shares of the bank’s stock worth $483,000 after acquiring an additional 107 shares during the last quarter. Finally, Checchi Capital Advisers LLC raised its holdings in Bank Of Montreal by 3.6% in the 3rd quarter. Checchi Capital Advisers LLC now owns 3,131 shares of the bank’s stock valued at $408,000 after acquiring an additional 109 shares during the last quarter. 45.82% of the stock is owned by institutional investors and hedge funds.

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.