UMB Bank n.a. Buys 339 Shares of Bank of Montreal (NYSE:BMO)

UMB Bank n.a. grew its holdings in Bank of Montreal (NYSE:BMO) (TSE:BMO) by 1.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,373 shares of the bank’s stock after acquiring an additional 339 shares during the quarter. UMB Bank n.a.’s holdings in Bank of Montreal were worth $2,016,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. PCA Investment Advisory Services Inc. acquired a new position in shares of Bank of Montreal in the second quarter valued at $26,000. EverSource Wealth Advisors LLC raised its stake in shares of Bank of Montreal by 192.1% in the third quarter. EverSource Wealth Advisors LLC now owns 333 shares of the bank’s stock valued at $28,000 after purchasing an additional 219 shares in the last quarter. Compagnie Lombard Odier SCmA acquired a new position in shares of Bank of Montreal in the third quarter valued at $29,000. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in shares of Bank of Montreal in the third quarter valued at $33,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in shares of Bank of Montreal in the first quarter valued at $36,000. 45.82% of the stock is owned by institutional investors.

Bank of Montreal Stock Performance

Shares of NYSE:BMO opened at $96.88 on Thursday. Bank of Montreal has a twelve month low of $73.98 and a twelve month high of $100.12. The firm has a market cap of $70.64 billion, a PE ratio of 18.49, a price-to-earnings-growth ratio of 1.87 and a beta of 1.13. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.94 and a current ratio of 0.94. The business has a fifty day moving average of $94.15 and a 200-day moving average of $89.05.

Bank of Montreal (NYSE:BMO) (TSE:BMO) last announced its earnings results on Tuesday, February 27th. The bank reported $1.90 earnings per share for the quarter, missing analysts’ consensus estimates of $2.24 by ($0.34). The business had revenue of $5.68 billion during the quarter, compared to analyst estimates of $6.34 billion. Bank of Montreal had a net margin of 7.40% and a return on equity of 11.89%. On average, equities research analysts predict that Bank of Montreal will post 8.94 EPS for the current fiscal year.

Bank of Montreal Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Monday, April 29th will be issued a dividend of $1.1172 per share. The ex-dividend date is Friday, April 26th. This represents a $4.47 dividend on an annualized basis and a yield of 4.61%. This is a boost from Bank of Montreal’s previous quarterly dividend of $1.11. Bank of Montreal’s dividend payout ratio (DPR) is 62.02%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BMO. StockNews.com upgraded Bank of Montreal from a “sell” rating to a “hold” rating in a research note on Sunday, March 3rd. National Bank Financial upgraded Bank of Montreal from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, December 20th. Jefferies Financial Group assumed coverage on Bank of Montreal in a research note on Thursday, February 22nd. They set a “buy” rating for the company. Bank of America upgraded Bank of Montreal from a “neutral” rating to a “buy” rating in a research note on Monday, December 18th. Finally, Barclays assumed coverage on Bank of Montreal in a research note on Wednesday, March 20th. They set an “overweight” rating for the company. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $131.00.

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.