FY2025 EPS Forecast for Bank Of Montreal Reduced by Analyst

Bank Of Montreal (NYSE:BMO) (TSE:BMO) – Investment analysts at Desjardins cut their FY2025 EPS estimates for Bank Of Montreal in a report issued on Tuesday, November 11th. Desjardins analyst D. Young now anticipates that the bank will earn $8.43 per share for the year, down from their previous estimate of $8.46. The consensus estimate for Bank Of Montreal’s current full-year earnings is $7.71 per share.

Several other research analysts also recently commented on BMO. Scotiabank reiterated a “sector perform” rating on shares of Bank Of Montreal in a report on Wednesday, August 27th. UBS Group reaffirmed a “neutral” rating on shares of Bank Of Montreal in a research note on Wednesday, August 27th. Cowen reaffirmed a “hold” rating on shares of Bank Of Montreal in a research report on Wednesday, August 27th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bank Of Montreal in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Bank Of Montreal from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $163.00.

Bank Of Montreal Price Performance

BMO traded down $1.43 during trading on Friday, reaching $122.71. The stock had a trading volume of 98,686 shares, compared to its average volume of 670,552. The business has a 50-day moving average of $126.99 and a 200-day moving average of $115.52. The stock has a market cap of $87.75 billion, a PE ratio of 15.02, a PEG ratio of 1.28 and a beta of 1.04. Bank Of Montreal has a one year low of $85.40 and a one year high of $131.36. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.00 and a current ratio of 1.00.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last announced its earnings results on Tuesday, August 26th. The bank reported $2.33 earnings per share for the quarter, topping analysts’ consensus estimates of $2.12 by $0.21. Bank Of Montreal had a return on equity of 10.57% and a net margin of 11.00%.The business had revenue of $6.51 billion for the quarter, compared to analyst estimates of $8.84 billion. During the same period in the prior year, the company earned $2.64 EPS. The company’s quarterly revenue was up 9.7% compared to the same quarter last year.

Bank Of Montreal Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Thursday, October 30th will be paid a $1.63 dividend. This is an increase from Bank Of Montreal’s previous quarterly dividend of $1.18. This represents a $6.52 annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend is Thursday, October 30th. Bank Of Montreal’s payout ratio is currently 57.28%.

Institutional Trading of Bank Of Montreal

Several institutional investors and hedge funds have recently made changes to their positions in BMO. Capital Wealth Planning LLC bought a new stake in shares of Bank Of Montreal in the third quarter valued at about $2,189,000. BTG Pactual Asset Management US LLC acquired a new position in shares of Bank Of Montreal during the third quarter worth $2,113,000. Invesco Ltd. boosted its holdings in Bank Of Montreal by 51.3% in the third quarter. Invesco Ltd. now owns 1,606,369 shares of the bank’s stock worth $209,230,000 after acquiring an additional 544,999 shares in the last quarter. Sei Investments Co. acquired a new position in shares of Bank Of Montreal in the 3rd quarter valued at $287,000. Finally, UBS Group AG lifted its stake in Bank Of Montreal by 155.3% during the 3rd quarter. UBS Group AG now owns 2,127,377 shares of the bank’s stock valued at $277,091,000 after acquiring an additional 1,294,169 shares during the period. 45.82% of the stock is currently owned by institutional investors.

About Bank Of Montreal

Bank of Montreal provides diversified financial services primarily in North America. It operates through Canadian P&C, U.S P&C, BMO Wealth Management, and BMO Capital Markets segments. The company’s personal banking products and services include deposits, mortgages, home lending, consumer credit, small business lending, credit cards, cash management, financial and investment advice, and other banking services; and commercial banking products and services comprise various of financing options and treasury and payment solutions, as well as risk management products.