Barclays reaffirmed their hold rating on shares of Bank of Montreal (NYSE:BMO) (TSE:BMO) in a research report report published on Tuesday morning.

A number of other research analysts have also weighed in on BMO. Zacks Investment Research lowered shares of Bank of Montreal from a buy rating to a hold rating in a research report on Monday, August 13th. Canaccord Genuity raised shares of Bank of Montreal from a hold rating to a buy rating in a research report on Wednesday, August 29th. ValuEngine lowered shares of Bank of Montreal from a hold rating to a sell rating in a research report on Thursday, November 1st. TD Securities lowered shares of Bank of Montreal from a buy rating to a hold rating in a research report on Tuesday. Finally, Cormark lowered shares of Bank of Montreal from an outperform rating to a market perform rating and cut their price objective for the company from $115.00 to $109.00 in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. Bank of Montreal presently has a consensus rating of Hold and a consensus target price of $106.00.

Bank of Montreal stock opened at $70.23 on Tuesday. The firm has a market cap of $45.93 billion, a price-to-earnings ratio of 10.23, a PEG ratio of 1.67 and a beta of 1.11. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.17 and a quick ratio of 1.16. Bank of Montreal has a fifty-two week low of $69.00 and a fifty-two week high of $84.71.

Bank of Montreal (NYSE:BMO) (TSE:BMO) last released its earnings results on Tuesday, December 4th. The bank reported $2.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.75 by $0.57. The firm had revenue of $5.92 billion during the quarter, compared to analyst estimates of $5.61 billion. Bank of Montreal had a net margin of 16.91% and a return on equity of 14.97%. The business’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.94 EPS. Equities analysts forecast that Bank of Montreal will post 7.24 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 26th. Stockholders of record on Friday, February 1st will be given a dividend of $0.753 per share. The ex-dividend date is Thursday, January 31st. This represents a $3.01 dividend on an annualized basis and a dividend yield of 4.29%. This is a positive change from Bank of Montreal’s previous quarterly dividend of $0.74. Bank of Montreal’s dividend payout ratio is currently 41.77%.

Several institutional investors and hedge funds have recently made changes to their positions in BMO. BDO Wealth Advisors LLC acquired a new position in shares of Bank of Montreal during the second quarter valued at about $105,000. Cornerstone Wealth Management LLC acquired a new position in shares of Bank of Montreal during the third quarter valued at about $142,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in shares of Bank of Montreal during the second quarter valued at about $155,000. Columbia Asset Management acquired a new position in shares of Bank of Montreal during the third quarter valued at about $161,000. Finally, Zions Bancorporation bought a new stake in Bank of Montreal in the third quarter valued at about $175,000. 43.89% of the stock is owned by institutional investors and hedge funds.

About Bank of Montreal

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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Analyst Recommendations for Bank of Montreal (NYSE:BMO)

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