Passumpsic Savings Bank Takes $690,000 Position in Bank Of Montreal $BMO

Passumpsic Savings Bank purchased a new stake in shares of Bank Of Montreal (NYSE:BMO) (TSE:BMO) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 5,314 shares of the bank’s stock, valued at approximately $690,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Code Waechter LLC boosted its holdings in shares of Bank Of Montreal by 1.7% during the 4th quarter. Code Waechter LLC now owns 4,486 shares of the bank’s stock valued at $582,000 after acquiring an additional 75 shares during the last quarter. Naples Global Advisors LLC boosted its holdings in shares of Bank Of Montreal by 0.5% during the 4th quarter. Naples Global Advisors LLC now owns 17,780 shares of the bank’s stock valued at $2,308,000 after acquiring an additional 80 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of Bank Of Montreal by 4.6% during the 3rd quarter. Allworth Financial LP now owns 2,121 shares of the bank’s stock valued at $276,000 after acquiring an additional 94 shares during the last quarter. Choreo LLC boosted its holdings in shares of Bank Of Montreal by 3.6% during the 3rd quarter. Choreo LLC now owns 2,735 shares of the bank’s stock valued at $356,000 after acquiring an additional 95 shares during the last quarter. Finally, United Capital Financial Advisors LLC boosted its holdings in shares of Bank Of Montreal by 4.0% during the 3rd quarter. United Capital Financial Advisors LLC now owns 2,619 shares of the bank’s stock valued at $341,000 after acquiring an additional 101 shares during the last quarter. Hedge funds and other institutional investors own 45.82% of the company’s stock.

Bank Of Montreal Price Performance

Shares of NYSE:BMO opened at $152.44 on Monday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.02 and a quick ratio of 1.02. Bank Of Montreal has a 1-year low of $102.46 and a 1-year high of $156.00. The company has a market capitalization of $106.84 billion, a P/E ratio of 17.70, a P/E/G ratio of 0.87 and a beta of 0.94. The firm’s 50 day simple moving average is $144.25 and its two-hundred day simple moving average is $136.77.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last issued its quarterly earnings results on Wednesday, February 25th. The bank reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.35 by $0.16. Bank Of Montreal had a net margin of 11.76% and a return on equity of 12.16%. The business had revenue of $7.21 billion for the quarter, compared to the consensus estimate of $6.73 billion. During the same quarter in the previous year, the firm earned $3.04 earnings per share. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. Research analysts expect that Bank Of Montreal will post 11.57 EPS for the current fiscal year.

Bank Of Montreal Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Wednesday, April 29th will be issued a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Wednesday, April 29th. Bank Of Montreal’s payout ratio is 55.75%.

Analyst Ratings Changes

BMO has been the topic of a number of recent analyst reports. Zacks Research downgraded shares of Bank Of Montreal from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. TD Securities raised shares of Bank Of Montreal from a “hold” rating to a “buy” rating in a report on Tuesday, January 27th. Wall Street Zen raised shares of Bank Of Montreal from a “sell” rating to a “hold” rating in a report on Sunday, February 8th. Scotiabank reissued a “sector perform” rating on shares of Bank Of Montreal in a report on Monday, May 4th. Finally, Raymond James Financial reissued an “outperform” rating on shares of Bank Of Montreal in a report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Bank Of Montreal has a consensus rating of “Hold” and a consensus target price of $163.00.

Bank Of Montreal Company Profile

Bank of Montreal (NYSE:BMO), commonly known as BMO Financial Group, is one of Canada’s largest and longest-established banks. Founded in Montreal and headquartered in Montreal, Quebec, the bank provides a broad range of financial services to retail, commercial, corporate and institutional clients. BMO is publicly listed in both Canada and the United States and operates under a consolidated financial services model that integrates banking, capital markets, wealth management and asset management activities.

BMO’s core businesses include personal and commercial banking—offering checking and savings accounts, lending, mortgages, and small-business services—alongside wealth management and private banking through its asset and investment management divisions.