Desjardins Issues Pessimistic Outlook for TSE:BMO Earnings

Bank of Montreal (TSE:BMO) (NYSE:BMO) – Stock analysts at Desjardins cut their Q1 2025 earnings estimates for Bank of Montreal in a research note issued to investors on Tuesday, February 4th. Desjardins analyst D. Young now anticipates that the bank will post earnings of $2.43 per share for the quarter, down from their prior estimate of $2.45. The consensus estimate for Bank of Montreal’s current full-year earnings is $9.65 per share.

Other research analysts have also recently issued reports about the stock. National Bankshares raised their price objective on shares of Bank of Montreal from C$127.00 to C$148.00 in a research note on Wednesday, November 20th. Canaccord Genuity Group increased their target price on Bank of Montreal from C$143.00 to C$148.00 in a report on Friday, December 6th. Cibc World Mkts upgraded Bank of Montreal from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 6th. Scotiabank raised shares of Bank of Montreal from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from C$147.00 to C$160.00 in a research note on Friday, December 6th. Finally, CIBC raised shares of Bank of Montreal from a “neutral” rating to an “outperform” rating and raised their price target for the stock from C$134.00 to C$150.00 in a research note on Friday, December 6th. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$135.92.

Bank of Montreal Trading Up 1.1 %

TSE:BMO opened at C$142.67 on Thursday. The company has a market capitalization of C$104.06 billion, a P/E ratio of 16.42, a price-to-earnings-growth ratio of 0.71 and a beta of 1.16. The firm has a 50-day moving average price of C$140.62 and a two-hundred day moving average price of C$128.24. Bank of Montreal has a twelve month low of C$109.02 and a twelve month high of C$147.54.

Bank of Montreal Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 26th will be issued a $1.59 dividend. The ex-dividend date of this dividend is Thursday, January 30th. This represents a $6.36 dividend on an annualized basis and a yield of 4.46%. This is a boost from Bank of Montreal’s previous quarterly dividend of $1.55. Bank of Montreal’s dividend payout ratio (DPR) is presently 71.35%.

Insider Activity at Bank of Montreal

In other news, Director William Darryl White sold 11,376 shares of the firm’s stock in a transaction 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 owned by insiders.

Bank of Montreal Company Profile

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.