Desjardins Issues Negative Forecast for TSE:BMO Earnings

Bank of Montreal (TSE:BMO) (NYSE:BMO) – Equities researchers at Desjardins cut their Q1 2025 earnings estimates for shares of Bank of Montreal in a research report issued on Tuesday, February 4th. Desjardins analyst D. Young now expects that the bank will earn $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.

Several other brokerages also recently commented on BMO. Canaccord Genuity Group raised their target price on Bank of Montreal from C$143.00 to C$148.00 in a report on Friday, December 6th. Royal Bank of Canada upgraded shares of Bank of Montreal from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from C$133.00 to C$161.00 in a research note on Wednesday, January 8th. National Bankshares boosted their target price on shares of Bank of Montreal from C$127.00 to C$148.00 in a research report on Wednesday, November 20th. Cibc World Mkts raised shares of Bank of Montreal from a “hold” rating to a “strong-buy” rating in a report on Friday, December 6th. Finally, TD Securities boosted their price objective on shares of Bank of Montreal from C$114.00 to C$131.00 in a report on Friday, November 15th. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$135.92.

Bank of Montreal Price Performance

TSE:BMO opened at C$141.05 on Thursday. Bank of Montreal has a 12 month low of C$109.02 and a 12 month high of C$147.54. The business’s 50-day moving average is C$140.45 and its two-hundred day moving average is C$128.08. The firm has a market capitalization of C$102.88 billion, a PE ratio of 16.23, a price-to-earnings-growth ratio of 0.71 and a beta of 1.16.

Bank of Montreal Increases Dividend

The company also recently disclosed 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. This is a positive change from Bank of Montreal’s previous quarterly dividend of $1.55. This represents a $6.36 annualized dividend and a yield of 4.51%. The ex-dividend date is Thursday, January 30th. Bank of Montreal’s payout ratio is currently 71.35%.

Insider Buying and Selling at Bank of Montreal

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

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.