Bank of Montreal (TSE:BMO) (NYSE:BMO) – Equities researchers at National Bank Financial issued their Q3 2018 earnings estimates for shares of Bank of Montreal in a research note issued on Monday. National Bank Financial analyst G. Dechaine expects that the bank will post earnings of $2.14 per share for the quarter. National Bank Financial also issued estimates for Bank of Montreal’s FY2019 earnings at $8.90 EPS.

Several other equities analysts have also recently weighed in on the stock. CIBC raised their target price on shares of Bank of Montreal from C$100.00 to C$107.00 in a research note on Monday, November 13th. Barclays PLC raised their target price on shares of Bank of Montreal from C$98.00 to C$99.00 in a research note on Friday, August 11th. Canaccord Genuity cut their target price on shares of Bank of Montreal from C$103.00 to C$99.00 in a research note on Wednesday, November 1st. Finally, Scotiabank cut their target price on shares of Bank of Montreal from C$103.00 to C$101.00 and set an “outperform” rating for the company in a research note on Wednesday, August 30th. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Bank of Montreal currently has a consensus rating of “Hold” and a consensus target price of C$100.69.

COPYRIGHT VIOLATION WARNING: This piece was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright & trademark laws. The legal version of this piece can be read at https://www.thecerbatgem.com/2017/11/23/national-bank-financial-weighs-in-on-bank-of-montreals-q3-2018-earnings-bmo.html.

Shares of Bank of Montreal (TSE:BMO) traded up C$0.27 during mid-day trading on Wednesday, hitting C$99.49. 1,353,520 shares of the stock traded hands, compared to its average volume of 1,458,006. Bank of Montreal has a 12-month low of C$88.07 and a 12-month high of C$104.15.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 28th. Shareholders of record on Wednesday, November 1st will be paid a $0.90 dividend. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.62%. Bank of Montreal’s payout ratio is currently 43.30%.

In other Bank of Montreal news, insider Joanna Michelle Rotenberg sold 2,000 shares of Bank of Montreal stock in a transaction on Friday, September 29th. The shares were sold at an average price of C$94.81, for a total value of C$189,620.00. Also, Director Philip Orsino acquired 17,800 shares of the company’s stock in a transaction on Wednesday, September 6th. The stock was acquired at an average cost of C$89.12 per share, with a total value of C$1,586,336.00.

Bank of Montreal Company Profile

Bank of Montreal (the Bank) is a financial services provider. The Bank provides a range of personal and commercial banking, wealth management and investment banking products and services. The Bank conducts its business through three operating groups: Personal and Commercial Banking (P&C), Wealth Management and BMO Capital Markets.

Earnings History and Estimates for Bank of Montreal (TSE:BMO)

Receive News & Stock 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 stocks with our FREE daily email newsletter.