Cormark Cuts Earnings Estimates for Bank of Montreal

Bank of Montreal (NYSE:BMO) (TSE:BMO) – Investment analysts at Cormark dropped their FY2025 earnings per share (EPS) estimates for shares of Bank of Montreal in a report issued on Friday, December 6th. Cormark analyst L. Persaud now expects that the bank will post earnings of $7.85 per share for the year, down from their prior forecast of $8.10. The consensus estimate for Bank of Montreal’s current full-year earnings is $7.79 per share. Cormark also issued estimates for Bank of Montreal’s FY2026 earnings at $9.17 EPS.

BMO has been the subject of several other research reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $133.00 price objective (up previously from $106.00) on shares of Bank of Montreal in a research report on Friday. Bank of America downgraded shares of Bank of Montreal from a “buy” rating to a “neutral” rating and decreased their price target for the company from $134.00 to $117.00 in a research note on Wednesday, August 28th. Jefferies Financial Group cut shares of Bank of Montreal from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. CIBC raised Bank of Montreal from a “neutral” rating to a “sector outperform” rating in a research report on Friday. Finally, TD Securities lowered Bank of Montreal from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Eight analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $122.40.

Bank of Montreal Trading Down 2.5 %

NYSE BMO opened at $100.81 on Monday. Bank of Montreal has a one year low of $76.98 and a one year high of $104.63. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.98 and a quick ratio of 0.98. The business has a 50 day simple moving average of $93.54 and a 200 day simple moving average of $88.41. The stock has a market capitalization of $73.55 billion, a P/E ratio of 14.44, a P/E/G ratio of 2.88 and a beta of 1.10.

Bank of Montreal Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Thursday, January 30th will be issued a $1.1329 dividend. This represents a $4.53 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date of this dividend is Thursday, January 30th. This is a positive change from Bank of Montreal’s previous quarterly dividend of $1.12. Bank of Montreal’s dividend payout ratio (DPR) is currently 67.34%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Strategic Investment Solutions Inc. IL bought a new position in Bank of Montreal during the 2nd quarter valued at $34,000. Rothschild Investment LLC bought a new stake in shares of Bank of Montreal in the 2nd quarter worth $40,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Bank of Montreal in the third quarter valued at about $45,000. GHP Investment Advisors Inc. lifted its position in shares of Bank of Montreal by 244.1% during the third quarter. GHP Investment Advisors Inc. now owns 554 shares of the bank’s stock valued at $50,000 after purchasing an additional 393 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in Bank of Montreal by 207.8% during the third quarter. Blue Trust Inc. now owns 668 shares of the bank’s stock worth $56,000 after purchasing an additional 451 shares during the last quarter. 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.