Bank Of Montreal (NYSE:BMO) Given Consensus Rating of “Hold” by Analysts

Bank Of Montreal (NYSE:BMO) (TSE:BMO) has earned a consensus recommendation of “Hold” from the nine research firms that are currently covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $129.50.

A number of research analysts have recently commented on BMO shares. National Bankshares reaffirmed an “outperform” rating on shares of Bank Of Montreal in a research note on Friday, August 15th. Wall Street Zen raised Bank Of Montreal from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Scotiabank initiated coverage on shares of Bank Of Montreal in a research report on Thursday, May 15th. They set a “sector perform” rating on the stock. CIBC reiterated a “neutral” rating on shares of Bank Of Montreal in a research note on Tuesday, May 20th. Finally, Barclays downgraded shares of Bank Of Montreal from an “overweight” rating to an “equal weight” rating in a research note on Monday, June 9th.

Hedge Funds Weigh In On Bank Of Montreal

Several institutional investors have recently made changes to their positions in the stock. Brooklyn FI LLC bought a new stake in Bank Of Montreal during the 4th quarter valued at $214,000. GeoWealth Management LLC boosted its position in shares of Bank Of Montreal by 2,038.9% during the 4th quarter. GeoWealth Management LLC now owns 1,155 shares of the bank’s stock valued at $112,000 after purchasing an additional 1,101 shares in the last quarter. Natixis grew its position in Bank Of Montreal by 2,440.6% in the fourth quarter. Natixis now owns 5,132 shares of the bank’s stock worth $498,000 after buying an additional 4,930 shares during the last quarter. MML Investors Services LLC grew its holdings in shares of Bank Of Montreal by 293.1% in the 4th quarter. MML Investors Services LLC now owns 33,361 shares of the bank’s stock worth $3,238,000 after acquiring an additional 24,874 shares during the last quarter. Finally, Stifel Financial Corp increased its stake in Bank Of Montreal by 58.1% in the 4th quarter. Stifel Financial Corp now owns 231,195 shares of the bank’s stock worth $22,438,000 after purchasing an additional 84,963 shares in the last quarter. 45.82% of the stock is owned by institutional investors.

Bank Of Montreal Trading Down 0.2%

Bank Of Montreal stock opened at $112.5130 on Friday. The stock has a 50-day moving average price of $111.66 and a 200 day moving average price of $103.39. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.12. The stock has a market cap of $80.60 billion, a PE ratio of 14.59, a P/E/G ratio of 1.25 and a beta of 1.07. Bank Of Montreal has a 52 week low of $81.13 and a 52 week high of $115.66.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last announced its earnings results on Wednesday, May 28th. The bank reported $1.84 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.84. The firm had revenue of $6.32 billion for the quarter, compared to analyst estimates of $8.79 billion. Bank Of Montreal had a net margin of 10.25% and a return on equity of 10.15%. Bank Of Montreal’s revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the business earned $2.59 earnings per share. Equities research analysts predict that Bank Of Montreal will post 7.71 earnings per share for the current fiscal year.

Bank Of Montreal Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 26th. Investors of record on Wednesday, July 30th will be paid a dividend of $1.1801 per share. This represents a $4.72 annualized dividend and a yield of 4.2%. This is a boost from Bank Of Montreal’s previous quarterly dividend of $1.11. The ex-dividend date is Wednesday, July 30th. Bank Of Montreal’s dividend payout ratio (DPR) is 62.13%.

Bank Of Montreal Company Profile

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.