Bank Of Montreal (NYSE:BMO) Receives $163.00 Average Price Target from Analysts

Shares of Bank Of Montreal (NYSE:BMO) (TSE:BMO) have earned an average rating of “Hold” from the thirteen ratings firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $163.00.

Several analysts have commented on BMO shares. Zacks Research cut Bank Of Montreal from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings downgraded shares of Bank Of Montreal from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, July 23rd. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Bank Of Montreal in a report on Thursday, May 28th. Scotiabank reissued an “outperform” rating on shares of Bank Of Montreal in a research report on Tuesday, June 16th. Finally, Raymond James Financial restated an “outperform” rating on shares of Bank Of Montreal in a report on Tuesday, May 12th.

Institutional Trading of Bank Of Montreal

A number of institutional investors and hedge funds have recently made changes to their positions in BMO. Edmond DE Rothschild Holding S.A. acquired a new stake in Bank Of Montreal during the 2nd quarter worth approximately $28,000. WFA of San Diego LLC acquired a new stake in shares of Bank Of Montreal in the second quarter worth $28,000. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Bank Of Montreal in the fourth quarter worth $29,000. Larson Financial Group LLC raised its stake in shares of Bank Of Montreal by 466.7% in the 3rd quarter. Larson Financial Group LLC now owns 238 shares of the bank’s stock valued at $31,000 after acquiring an additional 196 shares during the period. Finally, Flagship Harbor Advisors LLC acquired a new position in shares of Bank Of Montreal during the 4th quarter valued at $34,000. 45.82% of the stock is currently owned by institutional investors and hedge funds.

Bank Of Montreal Price Performance

BMO stock opened at $181.33 on Friday. Bank Of Montreal has a 52-week low of $112.21 and a 52-week high of $184.21. The stock’s fifty day simple moving average is $175.20 and its 200-day simple moving average is $156.04. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $126.71 billion, a price-to-earnings ratio of 19.25, a price-to-earnings-growth ratio of 1.02 and a beta of 0.94.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last released its earnings results on Wednesday, May 27th. The bank reported $2.68 EPS for the quarter, beating the consensus estimate of $2.54 by $0.14. Bank Of Montreal had a return on equity of 13.04% and a net margin of 12.60%.The firm had revenue of $7.04 billion during the quarter, compared to analyst estimates of $6.98 billion. During the same period in the prior year, the firm posted $2.62 earnings per share. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. Equities research analysts expect that Bank Of Montreal will post 11.81 EPS for the current year.

Bank Of Montreal Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Thursday, July 30th will be issued a $1.71 dividend. This is a boost from Bank Of Montreal’s previous quarterly dividend of $1.67. The ex-dividend date is Thursday, July 30th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 3.8%. Bank Of Montreal’s dividend payout ratio (DPR) is 51.06%.

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.