First Business Financial Services Inc. Holds Position in Bank Of Montreal (BMO)
First Business Financial Services Inc. maintained its position in Bank Of Montreal (NYSE:BMO) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,268 shares of the company’s stock at the end of the second quarter. First Business Financial Services Inc.’s holdings in Bank Of Montreal were worth $334,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of BMO. Huntington National Bank boosted its position in Bank Of Montreal by 460.8% in the second quarter. Huntington National Bank now owns 3,718 shares of the company’s stock worth $235,000 after buying an additional 3,055 shares during the last quarter. Kassirer Asset Management Corp purchased a new position in Bank Of Montreal during the second quarter worth approximately $205,000. First Midwest Bank Trust Division boosted its position in Bank Of Montreal by 2.1% in the second quarter. First Midwest Bank Trust Division now owns 3,865 shares of the company’s stock worth $245,000 after buying an additional 80 shares during the last quarter. Bank of Montreal Can purchased a new position in Bank Of Montreal during the second quarter worth approximately $980,506,000. Finally, MSI Financial Services Inc boosted its position in Bank Of Montreal by 31.0% in the second quarter. MSI Financial Services Inc now owns 56,896 shares of the company’s stock worth $3,607,000 after buying an additional 13,458 shares during the last quarter. 48.03% of the stock is currently owned by institutional investors and hedge funds.
Bank Of Montreal (NYSE:BMO) traded down 0.431% during mid-day trading on Thursday, reaching $63.575. 344,372 shares of the company’s stock were exchanged. Bank Of Montreal has a 52 week low of $47.54 and a 52 week high of $67.69. The stock has a market cap of $41.01 billion, a P/E ratio of 12.490 and a beta of 1.00. The stock has a 50-day moving average price of $65.67 and a 200-day moving average price of $63.96.
Bank Of Montreal (NYSE:BMO) last issued its quarterly earnings data on Tuesday, August 23rd. The company reported $1.94 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.83 by $0.11. The company earned $5.63 billion during the quarter, compared to analysts’ expectations of $3.88 billion. Bank Of Montreal had a return on equity of 12.66% and a net margin of 17.82%. The business’s revenue was up 16.7% on a year-over-year basis. During the same period last year, the business earned $1.86 earnings per share. On average, analysts forecast that Bank Of Montreal will post $5.52 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 28th. Shareholders of record on Tuesday, November 1st will be issued a dividend of $0.6696 per share. The ex-dividend date of this dividend is Friday, October 28th. This is a boost from Bank Of Montreal’s previous quarterly dividend of $0.66. This represents a $2.68 dividend on an annualized basis and a dividend yield of 4.19%. Bank Of Montreal’s dividend payout ratio (DPR) is presently 52.47%.
A number of research firms have recently commented on BMO. Scotiabank reissued a “sector perform” rating and set a $86.00 target price (down from $89.00) on shares of Bank Of Montreal in a research report on Wednesday. Dundee Securities reaffirmed a “neutral” rating and issued a $90.00 price target (down from $91.00) on shares of Bank Of Montreal in a report on Wednesday. RBC Capital Markets reaffirmed a “sector perform” rating and issued a $88.00 price target on shares of Bank Of Montreal in a report on Wednesday. Credit Suisse Group AG cut shares of Bank Of Montreal from a “neutral” rating to an “underperform” rating in a report on Tuesday. Finally, TD Securities reissued a “hold” rating and set a $89.00 target price (up from $86.00) on shares of Bank Of Montreal in a report on Thursday, August 25th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Bank Of Montreal currently has an average rating of “Hold” and an average target price of $83.89.
Bank Of Montreal Company Profile
Bank of Montreal (BMO) is a financial services company. The Bank provides a range of personal and commercial banking, wealth management and investment banking products and services. The Bank’s operating groups include Personal and Commercial Banking, Wealth Management, BMO Capital Markets (BMO CM) and Corporate Services, including Technology and Operations.
Want to see what other hedge funds are holding BMO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bank Of Montreal (NYSE:BMO).
Receive News & Ratings for Bank Of Montreal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank Of Montreal and related companies with MarketBeat.com's FREE daily email newsletter.