Shares of Bank Of Montreal (NYSE:BMO – Get Free Report) (TSE:BMO) have received a consensus rating of “Hold” from the twelve analysts that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $163.00.
Several analysts have recently commented on the stock. Barclays reiterated an “underweight” rating on shares of Bank Of Montreal in a report on Friday, August 21st. Desjardins reissued a “hold” rating on shares of Bank Of Montreal in a research report on Thursday, May 28th. Scotiabank restated an “outperform” rating on shares of Bank Of Montreal in a research note on Wednesday, August 26th. TD Securities reaffirmed a “buy” rating on shares of Bank Of Montreal in a report on Wednesday, August 12th. Finally, Keefe, Bruyette & Woods started coverage on Bank Of Montreal in a research report on Friday, August 21st. They set an “outperform” rating for the company.
Get Our Latest Research Report on Bank Of Montreal
Institutional Investors Weigh In On Bank Of Montreal
Bank Of Montreal Stock Down 0.9%
Shares of NYSE:BMO opened at $170.39 on Tuesday. The business’s 50 day moving average is $177.88 and its 200 day moving average is $159.69. Bank Of Montreal has a 12-month low of $118.66 and a 12-month high of $187.22. The stock has a market cap of $118.79 billion, a price-to-earnings ratio of 19.23, a PEG ratio of 1.02 and a beta of 0.94. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.10.
Bank Of Montreal (NYSE:BMO – Get Free Report) (TSE:BMO) last issued its quarterly earnings data on Tuesday, August 25th. The bank reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.71 by $0.13. The business had revenue of $7.10 billion for the quarter, compared to analysts’ expectations of $6.94 billion. Bank Of Montreal had a return on equity of 13.60% and a net margin of 11.72%.The business’s revenue was up 10.1% on a year-over-year basis. During the same period last year, the business earned $3.23 EPS. On average, sell-side analysts forecast that Bank Of Montreal will post 10.76 earnings per share for the current fiscal year.
Bank Of Montreal Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 26th. Shareholders of record on Friday, October 30th will be paid a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Friday, October 30th. Bank Of Montreal’s dividend payout ratio is 54.29%.
About Bank Of Montreal
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.
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