Bank of Montreal (NYSE:BMO) (TSE:BMO) – Equities research analysts at Cormark decreased their Q3 2018 EPS estimates for shares of Bank of Montreal in a research note issued on Wednesday, August 15th. Cormark analyst M. Grauman now anticipates that the bank will earn $1.76 per share for the quarter, down from their previous forecast of $1.92.

A number of other brokerages also recently commented on BMO. Zacks Investment Research downgraded shares of Bank of Montreal from a “buy” rating to a “hold” rating in a research report on Wednesday, May 16th. BMO Capital Markets raised shares of Bank of Montreal to a “$78.97” rating in a research report on Wednesday, July 18th. Royal Bank of Canada raised shares of Bank of Montreal from a “sector perform” rating to an “outperform” rating and set a $120.00 price objective on the stock in a research report on Wednesday, July 18th. National Bank Financial raised shares of Bank of Montreal from a “sector perform” rating to an “outperform” rating in a research report on Thursday, May 31st. Finally, ValuEngine downgraded shares of Bank of Montreal from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $101.00.

Shares of NYSE:BMO opened at $81.06 on Thursday. Bank of Montreal has a 52 week low of $71.37 and a 52 week high of $84.71. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $50.50 billion, a price-to-earnings ratio of 12.99, a PEG ratio of 1.35 and a beta of 1.07.

Bank of Montreal (NYSE:BMO) (TSE:BMO) last announced its quarterly earnings data on Wednesday, May 30th. The bank reported $2.20 EPS for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.53. Bank of Montreal had a net margin of 16.37% and a return on equity of 14.38%. The company had revenue of $5.62 billion for the quarter, compared to the consensus estimate of $5.38 billion. During the same period in the prior year, the firm posted $1.92 EPS. The company’s quarterly revenue was down 2.2% compared to the same quarter last year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 28th. Shareholders of record on Wednesday, August 1st will be given a $0.747 dividend. This represents a $2.99 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend is Tuesday, July 31st. Bank of Montreal’s dividend payout ratio is presently 47.28%.

Several large investors have recently made changes to their positions in the business. Lincluden Management Ltd. grew its position in shares of Bank of Montreal by 1.5% in the 1st quarter. Lincluden Management Ltd. now owns 814,263 shares of the bank’s stock valued at $61,465,000 after buying an additional 12,040 shares during the last quarter. American Assets Investment Management LLC grew its position in shares of Bank of Montreal by 76.0% in the 1st quarter. American Assets Investment Management LLC now owns 44,000 shares of the bank’s stock valued at $3,325,000 after buying an additional 19,000 shares during the last quarter. Commerzbank Aktiengesellschaft FI grew its position in shares of Bank of Montreal by 7.0% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 121,224 shares of the bank’s stock valued at $9,161,000 after buying an additional 7,964 shares during the last quarter. Berkshire Asset Management LLC PA grew its position in shares of Bank of Montreal by 2.7% in the 1st quarter. Berkshire Asset Management LLC PA now owns 125,821 shares of the bank’s stock valued at $9,508,000 after buying an additional 3,328 shares during the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new position in shares of Bank of Montreal in the 1st quarter valued at $233,000. 44.58% of the stock is currently owned by institutional investors.

Bank of Montreal Company Profile

Bank of Montreal provides diversified financial services primarily in North America. It operates through three groups: Personal and Commercial Banking, Wealth Management, and BMO Capital Markets. The company's personal banking products and services include checking and savings accounts, credit cards, mortgages, creditor insurance products, and financial and investment advice services; and commercial banking products and services comprise business deposit accounts, commercial credit cards, business loans and commercial mortgages, cash management solutions, foreign exchange, and specialized banking programs for small business and commercial banking customers.

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Earnings History and Estimates for Bank of Montreal (NYSE:BMO)

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