Q2 2019 EPS Estimates for Bank of Montreal (BMO) Lifted by National Bank Financial

Bank of Montreal (NYSE:BMO) (TSE:BMO) – Investment analysts at National Bank Financial lifted their Q2 2019 earnings estimates for shares of Bank of Montreal in a research note issued on Tuesday, February 26th. National Bank Financial analyst G. Dechaine now forecasts that the bank will earn $1.67 per share for the quarter, up from their previous estimate of $1.60. National Bank Financial also issued estimates for Bank of Montreal’s Q3 2019 earnings at $1.92 EPS and FY2020 earnings at $7.85 EPS.

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Other equities analysts also recently issued research reports about the company. Canaccord Genuity restated a “buy” rating on shares of Bank of Montreal in a research note on Thursday, November 22nd. Zacks Investment Research upgraded Bank of Montreal from a “hold” rating to a “buy” rating and set a $77.00 target price on the stock in a research note on Wednesday, January 9th. Barclays restated a “hold” rating on shares of Bank of Montreal in a research note on Friday, November 16th. TD Securities downgraded Bank of Montreal from a “buy” rating to a “hold” rating in a research note on Tuesday, December 4th. Finally, Desjardins restated a “hold” rating on shares of Bank of Montreal in a research note on Tuesday, December 11th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $103.33.

Shares of NYSE BMO opened at $77.58 on Friday. Bank of Montreal has a twelve month low of $62.79 and a twelve month high of $84.36. The company has a market capitalization of $47.96 billion, a PE ratio of 11.10, a price-to-earnings-growth ratio of 3.28 and a beta of 1.19. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.16.

Bank of Montreal (NYSE:BMO) (TSE:BMO) last announced its earnings results on Tuesday, February 26th. The bank reported $2.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.62. Bank of Montreal had a return on equity of 14.97% and a net margin of 16.91%. The firm had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.61 billion. During the same quarter in the previous year, the business earned $2.12 EPS. The company’s revenue was up 6.0% compared to the same quarter last year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Wednesday, May 1st will be paid a $0.762 dividend. This is an increase from Bank of Montreal’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $3.05 annualized dividend and a yield of 3.93%. Bank of Montreal’s dividend payout ratio is presently 43.63%.

Institutional investors have recently bought and sold shares of the stock. Gantzert Investment Co. LLC ADV purchased a new position in Bank of Montreal in the fourth quarter valued at approximately $31,000. Financial Gravity Companies Inc. purchased a new position in Bank of Montreal in the fourth quarter valued at approximately $37,000. Princeton Global Asset Management LLC purchased a new position in Bank of Montreal in the fourth quarter valued at approximately $39,000. Heritage Trust Co purchased a new position in Bank of Montreal in the fourth quarter valued at approximately $41,000. Finally, Lindbrook Capital LLC purchased a new position in Bank of Montreal in the fourth quarter valued at approximately $46,000. Institutional investors and hedge funds own 44.94% of the company’s stock.

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, 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, as well as wealth management products and services, such as insurance products.

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