Bank Of Montreal (NYSE:BMO) Stock Rating Lowered by Zacks Research

Bank Of Montreal (NYSE:BMO) (TSE:BMO) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Other analysts have also issued reports about the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Bank Of Montreal in a research report on Friday, April 17th. Barclays lowered Bank Of Montreal from an “equal weight” rating to an “underweight” rating in a research report on Friday, March 20th. Scotiabank reiterated a “sector perform” rating on shares of Bank Of Montreal in a research report on Friday, January 9th. National Bank Financial reiterated a “sector perform” rating on shares of Bank Of Montreal in a research report on Wednesday, February 25th. Finally, Wall Street Zen upgraded Bank Of Montreal from a “sell” rating to a “hold” rating in a report on Sunday, February 8th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $163.00.

Bank Of Montreal Stock Performance

Shares of NYSE:BMO opened at $151.41 on Monday. Bank Of Montreal has a twelve month low of $93.77 and a twelve month high of $154.48. The firm has a market cap of $106.12 billion, a PE ratio of 17.59, a price-to-earnings-growth ratio of 0.98 and a beta of 0.92. 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 business has a fifty day moving average of $142.65 and a 200-day moving average of $134.77.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last announced its earnings results on Wednesday, February 25th. The bank reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.35 by $0.16. Bank Of Montreal had a return on equity of 12.16% and a net margin of 11.76%.The company had revenue of $7.21 billion during the quarter, compared to analyst estimates of $6.73 billion. During the same period last year, the company posted $3.04 earnings per share. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, equities research analysts predict that Bank Of Montreal will post 10.2 EPS for the current fiscal year.

Hedge Funds Weigh In On Bank Of Montreal

Institutional investors have recently modified their holdings of the business. True Wealth Design LLC bought a new position in shares of Bank Of Montreal during the 3rd quarter valued at about $28,000. WFA of San Diego LLC bought a new position in shares of Bank Of Montreal during the 2nd quarter valued at about $28,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Bank Of Montreal during the 4th quarter valued at about $29,000. Larson Financial Group LLC lifted its holdings in shares of Bank Of Montreal by 466.7% during the 3rd quarter. Larson Financial Group LLC now owns 238 shares of the bank’s stock valued at $31,000 after purchasing an additional 196 shares in the last quarter. Finally, Flagship Harbor Advisors LLC bought a new position in shares of Bank Of Montreal during the 4th quarter valued at about $34,000. Institutional investors own 45.82% of the company’s stock.

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.