Entropy Technologies LP Buys Shares of 11,550 Bank Of Montreal $BMO

Entropy Technologies LP purchased a new stake in shares of Bank Of Montreal (NYSE:BMO) (TSE:BMO) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 11,550 shares of the bank’s stock, valued at approximately $1,499,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in BMO. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Bank Of Montreal in the fourth quarter valued at $29,000. Larson Financial Group LLC grew its stake in Bank Of Montreal by 466.7% during the third quarter. Larson Financial Group LLC now owns 238 shares of the bank’s stock worth $31,000 after purchasing an additional 196 shares during the period. WFA of San Diego LLC acquired a new stake in Bank Of Montreal during the second quarter worth approximately $28,000. Flagship Harbor Advisors LLC bought a new stake in Bank Of Montreal in the fourth quarter worth approximately $34,000. Finally, Swiss RE Ltd. acquired a new position in Bank Of Montreal in the fourth quarter valued at approximately $38,000. 45.82% of the stock is currently owned by institutional investors.

Bank Of Montreal Stock Performance

NYSE BMO opened at $168.36 on Tuesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market capitalization of $117.92 billion, a PE ratio of 17.87, a price-to-earnings-growth ratio of 0.94 and a beta of 0.95. Bank Of Montreal has a 52-week low of $104.08 and a 52-week high of $170.49. The company has a 50-day simple moving average of $154.72 and a 200 day simple moving average of $142.54.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last posted its earnings results on Wednesday, May 27th. The bank reported $2.68 earnings per share for the quarter, topping the consensus estimate of $2.54 by $0.14. The firm had revenue of $7.04 billion during the quarter, compared to the consensus estimate of $6.98 billion. Bank Of Montreal had a net margin of 12.60% and a return on equity of 13.04%. The company’s revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the company earned $2.62 earnings per share. On average, research analysts predict that Bank Of Montreal will post 11.82 EPS for the current year.

Bank Of Montreal Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Thursday, July 30th will be given a dividend of $1.71 per share. This is a boost from Bank Of Montreal’s previous quarterly dividend of $1.67. The ex-dividend date is Thursday, July 30th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.1%. Bank Of Montreal’s dividend payout ratio is 50.96%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Jefferies Financial Group reissued a “hold” rating on shares of Bank Of Montreal in a research report on Wednesday, February 25th. Zacks Research downgraded Bank Of Montreal from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Bank Of Montreal in a research note on Thursday, May 28th. Scotiabank upgraded Bank Of Montreal from a “sector perform” rating to a “sector outperform” rating in a report on Monday, June 1st. Finally, Barclays reiterated an “underweight” rating on shares of Bank Of Montreal in a report on Thursday, May 28th. Five equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Bank Of Montreal has a consensus rating of “Hold” and a consensus target price of $163.00.

About Bank Of Montreal

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.