BMO FY2025 EPS Estimate Lifted by National Bank Financial

Bank Of Montreal (NYSE:BMO) (TSE:BMO) – Stock analysts at National Bank Financial boosted their FY2025 earnings estimates for Bank Of Montreal in a research note issued to investors on Tuesday, August 26th. National Bank Financial analyst G. Dechaine now expects that the bank will earn $8.51 per share for the year, up from their prior estimate of $8.30. The consensus estimate for Bank Of Montreal’s current full-year earnings is $7.71 per share. National Bank Financial also issued estimates for Bank Of Montreal’s FY2026 earnings at $9.54 EPS.

A number of other equities research analysts also recently weighed in on BMO. Wall Street Zen raised shares of Bank Of Montreal from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Barclays downgraded shares of Bank Of Montreal from an “overweight” rating to an “equal weight” rating in a research note on Monday, June 9th. National Bankshares reaffirmed an “outperform” rating on shares of Bank Of Montreal in a research note on Friday, August 15th. Royal Bank Of Canada raised their target price on shares of Bank Of Montreal from $161.00 to $168.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Cowen reaffirmed a “hold” rating on shares of Bank Of Montreal in a research note on Wednesday. Two investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $168.00.

Bank Of Montreal Trading Up 0.1%

Shares of BMO opened at $119.26 on Thursday. The firm’s 50 day simple moving average is $112.73 and its 200 day simple moving average is $104.01. The company has a market capitalization of $85.43 billion, a P/E ratio of 14.60, a P/E/G ratio of 1.32 and a beta of 1.07. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.00 and a quick ratio of 1.00. Bank Of Montreal has a 1-year low of $81.69 and a 1-year high of $120.30.

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

Bank Of Montreal Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Thursday, October 30th will be given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date is Thursday, October 30th. This is a boost from Bank Of Montreal’s previous quarterly dividend of $1.18. Bank Of Montreal’s dividend payout ratio is 62.13%.

Hedge Funds Weigh In On Bank Of Montreal

Large investors have recently added to or reduced their stakes in the business. Cary Street Partners Investment Advisory LLC raised its position in Bank Of Montreal by 228.9% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 273 shares of the bank’s stock worth $26,000 after purchasing an additional 190 shares during the period. WFA of San Diego LLC bought a new position in shares of Bank Of Montreal in the second quarter worth approximately $28,000. Bayforest Capital Ltd bought a new position in shares of Bank Of Montreal in the first quarter worth approximately $34,000. Dunhill Financial LLC bought a new position in shares of Bank Of Montreal in the fourth quarter worth approximately $39,000. Finally, Truvestments Capital LLC bought a new position in shares of Bank Of Montreal in the first quarter worth approximately $39,000. Hedge funds and other institutional investors own 45.82% of the company’s stock.

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.