Desjardins Expects Reduced Earnings for Bank of Montreal

Bank of Montreal (NYSE:BMO) (TSE:BMO) – Investment analysts at Desjardins lowered their Q1 2025 earnings per share estimates for shares of Bank of Montreal in a research report issued to clients and investors on Tuesday, February 4th. Desjardins analyst D. Young now forecasts that the bank will post earnings per share of $1.68 for the quarter, down from their prior forecast of $1.74. The consensus estimate for Bank of Montreal’s current full-year earnings is $7.76 per share.

Other research analysts also recently issued research reports about the company. CIBC upgraded Bank of Montreal from a “neutral” rating to a “sector outperform” rating in a research note on Friday, December 6th. Scotiabank upgraded Bank of Montreal from a “sector perform” rating to a “sector outperform” rating in a research note on Friday, December 6th. Royal Bank of Canada upgraded Bank of Montreal from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $133.00 to $161.00 in a research note on Wednesday, January 8th. Cibc World Mkts upgraded Bank of Montreal from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 6th. Finally, StockNews.com downgraded Bank of Montreal from a “hold” rating to a “sell” rating in a research note on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $128.00.

Bank of Montreal Trading Down 0.1 %

NYSE:BMO opened at $99.61 on Thursday. The stock’s 50 day moving average price is $98.27 and its 200 day moving average price is $92.02. The company has a market capitalization of $72.71 billion, a PE ratio of 14.27, a P/E/G ratio of 1.39 and a beta of 1.09. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.11. Bank of Montreal has a 52-week low of $76.98 and a 52-week high of $104.63.

Institutional Trading of Bank of Montreal

Institutional investors have recently modified their holdings of the business. Cetera Investment Advisers raised its holdings in Bank of Montreal by 11.5% during the second quarter. Cetera Investment Advisers now owns 19,140 shares of the bank’s stock worth $1,605,000 after purchasing an additional 1,969 shares during the last quarter. Atomi Financial Group Inc. raised its holdings in Bank of Montreal by 23.4% during the third quarter. Atomi Financial Group Inc. now owns 3,908 shares of the bank’s stock worth $353,000 after purchasing an additional 740 shares during the last quarter. CWM LLC raised its holdings in Bank of Montreal by 54.0% during the third quarter. CWM LLC now owns 1,318 shares of the bank’s stock worth $119,000 after purchasing an additional 462 shares during the last quarter. Perfromance Wealth Partners LLC acquired a new position in Bank of Montreal during the third quarter worth $226,000. Finally, Annex Advisory Services LLC raised its holdings in Bank of Montreal by 16.0% during the third quarter. Annex Advisory Services LLC now owns 2,810 shares of the bank’s stock worth $253,000 after purchasing an additional 387 shares during the last quarter. 45.82% of the stock is currently owned by hedge funds and other institutional investors.

Bank of Montreal Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Thursday, January 30th will be paid a $1.1329 dividend. The ex-dividend date is Thursday, January 30th. This is an increase from Bank of Montreal’s previous quarterly dividend of $1.12. This represents a $4.53 dividend on an annualized basis and a dividend yield of 4.55%. Bank of Montreal’s payout ratio is 63.18%.

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.