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.

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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)

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