Bank Of Montreal (NYSE:BMO) Given Consensus Rating of “Hold” by Brokerages

Bank Of Montreal (NYSE:BMO) (TSE:BMO) has earned a consensus rating of “Hold” from the twelve ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $163.00.

Several research analysts recently issued reports on BMO shares. Scotiabank reissued a “sector perform” rating on shares of Bank Of Montreal in a report on Monday. National Bank Financial reissued a “sector perform” rating on shares of Bank Of Montreal in a report on Wednesday, February 25th. Zacks Research cut shares of Bank Of Montreal from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. TD Securities raised shares of Bank Of Montreal from a “hold” rating to a “buy” rating in a report on Tuesday, January 27th. Finally, Raymond James Financial raised shares of Bank Of Montreal from a “market perform” rating to an “outperform” rating in a report on Friday, February 13th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. True Wealth Design LLC acquired a new position in Bank Of Montreal during the third quarter worth about $28,000. WFA of San Diego LLC acquired a new position in Bank Of Montreal during the second quarter worth about $28,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Bank Of Montreal during the fourth quarter worth about $29,000. Larson Financial Group LLC grew its position in Bank Of Montreal by 466.7% during the third quarter. Larson Financial Group LLC now owns 238 shares of the bank’s stock worth $31,000 after buying an additional 196 shares during the period. Finally, Flagship Harbor Advisors LLC acquired a new position in Bank Of Montreal during the fourth quarter worth about $34,000. 45.82% of the stock is currently owned by institutional investors and hedge funds.

Bank Of Montreal Price Performance

Shares of NYSE:BMO opened at $151.01 on Wednesday. The company has a 50-day simple moving average of $143.04 and a 200-day simple moving average of $135.26. Bank Of Montreal has a one year low of $97.52 and a one year high of $154.48. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market capitalization of $105.84 billion, a price-to-earnings ratio of 17.54, a PEG ratio of 0.96 and a beta of 0.94.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last posted its quarterly earnings results on Wednesday, February 25th. The bank reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.35 by $0.16. The firm had revenue of $7.21 billion during the quarter, compared to analysts’ expectations of $6.73 billion. Bank Of Montreal had a net margin of 11.76% and a return on equity of 12.16%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the prior year, the company posted $3.04 earnings per share. On average, analysts predict that Bank Of Montreal will post 10.25 EPS for the current year.

Bank Of Montreal Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 26th. Shareholders of record on Wednesday, April 29th will be given a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 4.4%. The ex-dividend date is Wednesday, April 29th. Bank Of Montreal’s dividend payout ratio is presently 55.75%.

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.