Bank of Montreal (TSE:BMO) Announces Quarterly Earnings Results

Bank of Montreal (TSE:BMO) (NYSE:BMO) released its quarterly earnings data on Wednesday. The bank reported C$3.67 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$9.57 billion for the quarter. Bank of Montreal had a return on equity of 10.47% and a net margin of 11.77%.

Bank of Montreal Stock Down 0.4%

TSE BMO opened at C$223.64 on Wednesday. The company has a market capitalization of C$157.65 billion, a price-to-earnings ratio of 18.64, a PEG ratio of 0.71 and a beta of 1.25. The stock has a fifty day simple moving average of C$201.77 and a 200 day simple moving average of C$190.67. Bank of Montreal has a twelve month low of C$142.93 and a twelve month high of C$225.69.

Bank of Montreal Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Tuesday, May 26th were issued a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Wednesday, April 29th. Bank of Montreal’s dividend payout ratio is presently 54.33%.

Wall Street Analyst Weigh In

BMO has been the topic of several research reports. Jefferies Financial Group upped their price objective on shares of Bank of Montreal from C$195.00 to C$196.00 in a report on Wednesday, May 20th. TD Securities upped their price objective on shares of Bank of Montreal from C$209.00 to C$219.00 in a report on Monday, February 9th. Canadian Imperial Bank of Commerce upped their price objective on shares of Bank of Montreal from C$211.00 to C$226.00 and gave the company an “outperformer” rating in a report on Thursday, May 14th. Desjardins boosted their price objective on Bank of Montreal from C$208.00 to C$212.00 and gave the stock a “hold” rating in a report on Tuesday, May 5th. Finally, Canaccord Genuity Group boosted their price objective on Bank of Montreal from C$224.00 to C$230.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of C$213.58.

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.