Bank of Montreal (NYSE:BMO) (TSE:BMO) – Equities researchers at Desjardins issued their Q1 2020 earnings per share (EPS) estimates for shares of Bank of Montreal in a research report issued on Tuesday, December 3rd, Zacks Investment Research reports. Desjardins analyst D. Young expects that the bank will post earnings of $1.77 per share for the quarter. Desjardins also issued estimates for Bank of Montreal’s Q2 2020 earnings at $1.87 EPS, Q3 2020 earnings at $1.85 EPS and Q4 2020 earnings at $1.94 EPS.
Bank of Montreal (NYSE:BMO) (TSE:BMO) last issued its quarterly earnings results on Tuesday, December 3rd. The bank reported $2.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.82 by $0.61. The company had revenue of $6.09 billion for the quarter, compared to the consensus estimate of $5.86 billion. Bank of Montreal had a net margin of 14.86% and a return on equity of 14.03%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.32 EPS.
Several other brokerages have also weighed in on BMO. Citigroup lowered Bank of Montreal from a “buy” rating to a “neutral” rating and set a $108.00 price objective for the company. in a report on Tuesday, December 17th. Zacks Investment Research lowered Bank of Montreal from a “buy” rating to a “hold” rating in a research note on Monday, November 18th. ValuEngine cut Bank of Montreal from a “hold” rating to a “sell” rating in a research report on Saturday, December 7th. Oppenheimer raised Bank of Montreal from a “neutral” rating to an “outperform” rating in a report on Wednesday, December 4th. Finally, CIBC raised shares of Bank of Montreal from a “neutral” rating to a “sector outperform” rating and set a $109.00 price objective on the stock in a report on Tuesday, December 3rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $99.25.
BMO opened at $77.63 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The stock has a market cap of $49.54 billion, a price-to-earnings ratio of 10.90, a PEG ratio of 2.03 and a beta of 1.19. The company’s 50-day moving average price is $76.09 and its two-hundred day moving average price is $74.06. Bank of Montreal has a twelve month low of $62.79 and a twelve month high of $79.35.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Monday, February 3rd will be paid a dividend of $0.7965 per share. This represents a $3.19 dividend on an annualized basis and a dividend yield of 4.10%. This is a positive change from Bank of Montreal’s previous quarterly dividend of $0.78. The ex-dividend date is Friday, January 31st. Bank of Montreal’s payout ratio is presently 44.08%.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Lakeview Capital Partners LLC lifted its holdings in shares of Bank of Montreal by 4.5% in the third quarter. Lakeview Capital Partners LLC now owns 3,135 shares of the bank’s stock worth $231,000 after buying an additional 135 shares in the last quarter. NEXT Financial Group Inc lifted its stake in Bank of Montreal by 38.5% in the 2nd quarter. NEXT Financial Group Inc now owns 518 shares of the bank’s stock worth $39,000 after purchasing an additional 144 shares in the last quarter. Private Trust Co. NA boosted its holdings in Bank of Montreal by 5.4% in the 3rd quarter. Private Trust Co. NA now owns 2,910 shares of the bank’s stock valued at $214,000 after purchasing an additional 150 shares during the period. Addenda Capital Inc. boosted its holdings in Bank of Montreal by 1.2% in the 3rd quarter. Addenda Capital Inc. now owns 15,785 shares of the bank’s stock valued at $1,164,000 after purchasing an additional 183 shares during the period. Finally, Advisor Group Inc. boosted its holdings in Bank of Montreal by 0.8% in the 2nd quarter. Advisor Group Inc. now owns 22,061 shares of the bank’s stock valued at $1,667,000 after purchasing an additional 184 shares during the period. 41.73% of the stock is currently owned by institutional investors and hedge funds.
Bank of Montreal Company Profile
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, 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, as well as wealth management products and services, such as insurance products.
