FY2025 EPS Forecast for Bank of Montreal Lifted by Analyst

Bank of Montreal (TSE:BMO) (NYSE:BMO) – Cormark upped their FY2025 EPS estimates for Bank of Montreal in a research note issued on Wednesday, February 26th. Cormark analyst L. Persaud now forecasts that the bank will post earnings per share of $11.81 for the year, up from their previous estimate of $11.01. The consensus estimate for Bank of Montreal’s current full-year earnings is $9.65 per share. Cormark also issued estimates for Bank of Montreal’s FY2025 earnings at $11.81 EPS.

Other research analysts have also recently issued research reports about the stock. Desjardins raised their price target on shares of Bank of Montreal from C$147.00 to C$155.00 and gave the stock a “hold” rating in a research note on Wednesday. Cibc World Mkts upgraded shares of Bank of Montreal from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 6th. UBS Group raised their price target on shares of Bank of Montreal from C$146.00 to C$160.00 in a research note on Friday. Jefferies Financial Group raised their price target on shares of Bank of Montreal from C$140.00 to C$155.00 and gave the stock a “hold” rating in a research note on Wednesday. Finally, CIBC raised their price target on shares of Bank of Montreal from C$154.00 to C$156.00 and gave the stock an “outperform” rating in a research note on Wednesday. Six investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$149.31.

Bank of Montreal Stock Performance

TSE BMO opened at C$148.76 on Friday. The stock has a market cap of C$107.75 billion, a PE ratio of 14.68, a PEG ratio of 0.71 and a beta of 1.16. Bank of Montreal has a twelve month low of C$109.02 and a twelve month high of C$151.08. The firm has a 50-day simple moving average of C$142.40 and a 200 day simple moving average of C$131.15.

Insider Activity at Bank of Montreal

In related news, Director William Darryl White sold 11,376 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of C$140.79, for a total value of C$1,601,592.91. 0.03% of the stock is currently owned by company insiders.

Bank of Montreal Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, April 29th will be issued a $1.59 dividend. This represents a $6.36 dividend on an annualized basis and a dividend yield of 4.28%. Bank of Montreal’s dividend payout ratio is currently 61.20%.

About Bank of Montreal

Bank of Montreal is a diversified financial-services provider based in North America, operating four business segments: Canadian personal and commercial banking, U.S. P&C banking, wealth management, and capital markets.