Barclays reiterated their hold rating on shares of Bank of Montreal (NYSE:BMO) (TSE:BMO) in a report published on Tuesday morning.

Other research analysts have also issued reports about the stock. Canaccord Genuity restated a buy rating on shares of Bank of Montreal in a research note on Thursday, November 22nd. Zacks Investment Research upgraded shares of Bank of Montreal from a hold rating to a buy rating and set a $89.00 price objective on the stock in a research note on Tuesday, October 16th. TD Securities lowered shares of Bank of Montreal from a buy rating to a hold rating in a research note on Tuesday. Cormark lowered shares of Bank of Montreal from an outperform rating to a market perform rating and lowered their price objective for the stock from $115.00 to $109.00 in a research note on Wednesday. Finally, ValuEngine lowered shares of Bank of Montreal from a hold rating to a sell rating in a research note on Thursday, November 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $105.75.

BMO stock traded down $3.04 during midday trading on Tuesday, hitting $71.84. The company’s stock had a trading volume of 1,183,639 shares, compared to its average volume of 597,011. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.14. Bank of Montreal has a twelve month low of $71.81 and a twelve month high of $84.71. The firm has a market capitalization of $47.70 billion, a P/E ratio of 11.51, a PEG ratio of 1.24 and a beta of 1.11.

Bank of Montreal (NYSE:BMO) (TSE:BMO) last released its quarterly earnings data on Tuesday, December 4th. The bank reported $2.32 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.57. The company had revenue of $5.92 billion for the quarter, compared to analyst estimates of $5.61 billion. Bank of Montreal had a net margin of 16.17% and a return on equity of 14.75%. Bank of Montreal’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.94 EPS. As a group, equities research analysts forecast that Bank of Montreal will post 6.81 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 26th. Stockholders of record on Friday, February 1st will be paid a dividend of $0.753 per share. The ex-dividend date is Thursday, January 31st. This is a positive change from Bank of Montreal’s previous quarterly dividend of $0.74. This represents a $3.01 annualized dividend and a dividend yield of 4.19%. Bank of Montreal’s payout ratio is currently 46.79%.

Hedge funds have recently made changes to their positions in the stock. BDO Wealth Advisors LLC bought a new stake in shares of Bank of Montreal during the 2nd quarter worth about $105,000. Columbia Asset Management bought a new stake in shares of Bank of Montreal during the 3rd quarter worth about $161,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in shares of Bank of Montreal during the 2nd quarter worth about $155,000. Zions Bancorporation bought a new stake in shares of Bank of Montreal during the 3rd quarter worth about $175,000. Finally, Clearwater Capital Advisors LLC bought a new stake in shares of Bank of Montreal during the 3rd quarter worth about $202,000. 43.89% of the stock is owned by institutional investors and hedge funds.

About Bank of Montreal

Bank of Montreal provides diversified financial services primarily in North America. It operates through three groups: Personal and Commercial Banking, Wealth Management, and BMO Capital Markets. The company's personal banking products and services include checking and savings accounts, credit cards, mortgages, creditor insurance products, and financial and investment advice services; and commercial banking products and services comprise business deposit accounts, commercial credit cards, business loans and commercial mortgages, cash management solutions, foreign exchange, and specialized banking programs for small business and commercial banking customers.

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Analyst Recommendations for Bank of Montreal (NYSE:BMO)

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