Bayban Buys New Position in Bank Of Montreal $BMO

Bayban purchased a new position in Bank Of Montreal (NYSE:BMOFree Report) (TSE:BMO) in the fourth quarter, Holdings Channel.com reports. The fund purchased 2,943 shares of the bank’s stock, valued at approximately $382,000.

Other large investors have also added to or reduced their stakes in the company. Pure Financial Advisors LLC purchased a new position in Bank Of Montreal during the 4th quarter valued at $250,000. Caitong International Asset Management Co. Ltd raised its holdings in Bank Of Montreal by 126.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,256 shares of the bank’s stock worth $163,000 after purchasing an additional 702 shares in the last quarter. Compound Planning Inc. lifted its position in shares of Bank Of Montreal by 6.7% in the 4th quarter. Compound Planning Inc. now owns 8,555 shares of the bank’s stock worth $1,110,000 after purchasing an additional 535 shares during the period. Birchwood Financial Partners Inc. bought a new stake in shares of Bank Of Montreal during the 4th quarter valued at about $61,000. Finally, Mercer Global Advisors Inc. ADV boosted its stake in shares of Bank Of Montreal by 10.7% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,816 shares of the bank’s stock valued at $1,014,000 after purchasing an additional 754 shares in the last quarter. Institutional investors own 45.82% of the company’s stock.

Bank Of Montreal Stock Down 0.0%

Shares of Bank Of Montreal stock opened at $170.80 on Friday. Bank Of Montreal has a 1 year low of $104.08 and a 1 year high of $173.20. The firm has a market cap of $119.63 billion, a price-to-earnings ratio of 18.13, a PEG ratio of 0.96 and a beta of 0.95. The company has a 50-day moving average of $157.29 and a 200 day moving average of $143.67. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.02 and a quick ratio of 1.02.

Bank Of Montreal (NYSE:BMOGet Free Report) (TSE:BMO) last posted its quarterly earnings data on Wednesday, May 27th. The bank reported $2.68 EPS for the quarter, topping the consensus estimate of $2.54 by $0.14. Bank Of Montreal had a net margin of 12.60% and a return on equity of 13.04%. The business had revenue of $7.04 billion for the quarter, compared to analyst estimates of $6.98 billion. During the same quarter in the previous year, the firm posted $2.62 earnings per share. Bank Of Montreal’s quarterly revenue was up 10.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Bank Of Montreal will post 11.82 earnings per share for the current fiscal year.

Bank Of Montreal Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Thursday, July 30th will be issued a dividend of $1.71 per share. The ex-dividend date is Thursday, July 30th. This is a positive change from Bank Of Montreal’s previous quarterly dividend of $1.67. This represents a $6.84 annualized dividend and a dividend yield of 4.0%. Bank Of Montreal’s dividend payout ratio (DPR) is 50.96%.

Analysts Set New Price Targets

Several brokerages recently issued reports on BMO. Scotiabank reiterated an “outperform” rating on shares of Bank Of Montreal in a research report on Tuesday. Raymond James Financial reaffirmed an “outperform” rating on shares of Bank Of Montreal in a research report on Tuesday, May 12th. TD Securities reiterated a “buy” rating on shares of Bank Of Montreal in a report on Thursday, May 28th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Bank Of Montreal in a research report on Thursday, May 28th. Finally, Barclays restated an “underweight” rating on shares of Bank Of Montreal in a research note on Thursday, May 28th. Five research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Bank Of Montreal currently has an average rating of “Hold” and a consensus price target of $163.00.

Get Our Latest Stock Report on BMO

About Bank Of Montreal

(Free Report)

Bank of Montreal (NYSE:BMO), commonly known as BMO Financial Group, is one of Canada’s largest and longest-established banks. Founded in Montreal and headquartered in Montreal, Quebec, the bank provides a broad range of financial services to retail, commercial, corporate and institutional clients. BMO is publicly listed in both Canada and the United States and operates under a consolidated financial services model that integrates banking, capital markets, wealth management and asset management activities.

BMO’s core businesses include personal and commercial banking—offering checking and savings accounts, lending, mortgages, and small-business services—alongside wealth management and private banking through its asset and investment management divisions.

Further Reading

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Institutional Ownership by Quarter for Bank Of Montreal (NYSE:BMO)

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