Q1 2018 EPS Estimates for Bank of Montreal Lifted by Cormark (BMO)
Bank of Montreal (TSE:BMO) (NYSE:BMO) – Stock analysts at Cormark boosted their Q1 2018 EPS estimates for shares of Bank of Montreal in a note issued to investors on Wednesday. Cormark analyst M. Grauman now expects that the bank will earn $1.99 per share for the quarter, up from their prior forecast of $1.94. Cormark also issued estimates for Bank of Montreal’s Q2 2018 earnings at $2.12 EPS, Q3 2018 earnings at $2.21 EPS, Q4 2018 earnings at $2.27 EPS, FY2018 earnings at $8.58 EPS, Q1 2019 earnings at $2.24 EPS, Q2 2019 earnings at $2.31 EPS, Q3 2019 earnings at $2.35 EPS, Q4 2019 earnings at $2.35 EPS and FY2019 earnings at $9.25 EPS.
BMO has been the topic of a number of other research reports. Eight Capital raised their target price on shares of Bank of Montreal from C$101.00 to C$106.00 in a research report on Wednesday. CIBC cut their price target on shares of Bank of Montreal from C$101.00 to C$100.00 in a report on Wednesday, August 30th. Canaccord Genuity lifted their price target on shares of Bank of Montreal from C$99.00 to C$102.00 and gave the stock a “hold” rating in a report on Wednesday, August 30th. Barclays lifted their price target on shares of Bank of Montreal from C$97.00 to C$98.00 in a report on Wednesday. Finally, National Bank Financial lifted their price target on shares of Bank of Montreal from C$100.00 to C$103.00 and gave the stock a “sector perform” rating in a report on Wednesday. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of C$104.58.
In other news, insider Joanna Michelle Rotenberg sold 2,000 shares of the business’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of C$94.81, for a total transaction of C$189,620.00.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 27th. Shareholders of record on Thursday, February 1st will be paid a $0.93 dividend. This is an increase from Bank of Montreal’s previous quarterly dividend of $0.90. This represents a $3.72 annualized dividend and a yield of 3.69%. The ex-dividend date is Wednesday, January 31st. Bank of Montreal’s payout ratio is 44.44%.
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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.
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