45,418 Shares of Bank Of Montreal $BMO Bought by NBT Bank N.A.

NBT Bank N.A. purchased a new stake in Bank Of Montreal (NYSE:BMO) (TSE:BMO) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 45,418 shares of the bank’s stock, valued at approximately $7,596,000.

A number of other hedge funds also recently bought and sold shares of the stock. Canada Pension Plan Investment Board acquired a new stake in Bank Of Montreal in the second quarter valued at approximately $1,281,220,000. TD Waterhouse Canada Inc. lifted its stake in Bank Of Montreal by 2.0% in the second quarter. TD Waterhouse Canada Inc. now owns 6,350,903 shares of the bank’s stock worth $1,128,680,000 after acquiring an additional 123,387 shares during the last quarter. Caisse de depot et placement du Quebec acquired a new position in Bank Of Montreal during the 2nd quarter worth approximately $957,549,000. Bank of Nova Scotia acquired a new position in Bank Of Montreal during the 2nd quarter worth approximately $920,002,000. Finally, Legal & General Group Plc acquired a new position in Bank Of Montreal during the 2nd quarter worth approximately $744,214,000. Institutional investors and hedge funds own 45.82% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. TD Securities reissued a “buy” rating on shares of Bank Of Montreal in a research report on Wednesday, August 12th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Bank Of Montreal in a research report on Thursday, August 27th. Barclays reiterated an “underweight” rating on shares of Bank Of Montreal in a research note on Friday, August 21st. Weiss Ratings lowered Bank Of Montreal from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, October 14th. Finally, Keefe, Bruyette & Woods started coverage on Bank Of Montreal in a report on Friday, August 21st. They issued an “outperform” rating on the stock. Six analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $244.00.

Bank Of Montreal Stock Performance

Shares of Bank Of Montreal stock opened at $170.46 on Friday. The firm has a market capitalization of $118.48 billion, a P/E ratio of 16.41, a P/E/G ratio of 1.02 and a beta of 0.95. Bank Of Montreal has a 52 week low of $119.84 and a 52 week high of $187.22. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.10. The firm’s 50 day moving average is $171.33 and its two-hundred day moving average is $167.64.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last released its quarterly earnings data on Tuesday, August 25th. The bank reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $2.71 by $0.13. The company had revenue of $7.10 billion for the quarter, compared to analysts’ expectations of $6.94 billion. Bank Of Montreal had a net margin of 11.72% and a return on equity of 13.60%. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter last year, the company earned $3.23 earnings per share. Research analysts forecast that Bank Of Montreal will post 10.65 EPS for the current fiscal year.

Bank Of Montreal Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 26th. Investors of record on Friday, October 30th will be given a C$1.71 dividend. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, October 30th. Bank Of Montreal’s dividend payout ratio (DPR) is 54.29%.

About Bank Of Montreal

Bank of Montreal, operating under the BMO Financial Group brand, is a diversified financial services company headquartered in Toronto, Canada. Founded in 1817, it is one of Canada’s oldest banks and serves individual, business, institutional and government customers.

BMO provides personal banking products such as deposit accounts, mortgages, consumer loans, credit cards and investment services. Its commercial banking operations offer lending, treasury management and other financial solutions to small and medium-sized businesses and larger corporate clients.

Through its wealth management business, BMO provides investment management, financial planning, private banking and brokerage services.