Bank of Montreal (TSE:BMO) (NYSE:BMO) – Equities researchers at Desjardins issued their Q1 2019 EPS estimates for shares of Bank of Montreal in a research report issued on Tuesday, December 4th. Desjardins analyst D. Young expects that the bank will post earnings of $2.37 per share for the quarter. Desjardins also issued estimates for Bank of Montreal’s Q2 2019 earnings at $2.35 EPS, Q3 2019 earnings at $2.45 EPS, FY2019 earnings at $9.55 EPS and FY2020 earnings at $10.15 EPS.

Several other brokerages also recently weighed in on BMO. National Bank Financial lifted their target price on Bank of Montreal from C$108.00 to C$115.00 and gave the company an “outperform” rating in a research note on Wednesday, August 29th. Royal Bank of Canada lifted their target price on Bank of Montreal from C$124.00 to C$126.00 and gave the company an “outperform” rating in a research note on Wednesday, August 29th. Canaccord Genuity upgraded Bank of Montreal from a “hold” rating to a “buy” rating and lifted their target price for the company from C$111.00 to C$118.00 in a research note on Wednesday, August 29th. CIBC lifted their target price on Bank of Montreal from C$109.00 to C$111.00 in a research note on Wednesday, August 29th. Finally, Eight Capital lifted their target price on Bank of Montreal from C$119.00 to C$124.00 in a research note on Wednesday, August 29th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of C$112.27.

Shares of BMO stock opened at C$93.90 on Thursday. Bank of Montreal has a twelve month low of C$92.64 and a twelve month high of C$109.00.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 26th. Shareholders of record on Friday, February 1st will be paid a $1.00 dividend. This is an increase from Bank of Montreal’s previous quarterly dividend of $0.96. This represents a $4.00 annualized dividend and a dividend yield of 4.26%. The ex-dividend date of this dividend is Thursday, January 31st. Bank of Montreal’s dividend payout ratio (DPR) is 50.28%.

In related news, insider Jean-Michel Ares sold 57,356 shares of Bank of Montreal stock in a transaction that occurred on Friday, September 21st. The stock was sold at an average price of C$108.46, for a total value of C$6,220,831.76.

Bank of Montreal Company Profile

Bank of Montreal provides diversified financial services primarily in North America. It operates through three groups: Personal and Commercial Banking, Wealth Management, and BMO Capital Markets. The company's personal banking products and services include checking and savings accounts, credit cards, mortgages, creditor insurance products, and financial and investment advice services; and commercial banking products and services comprise business deposit accounts, commercial credit cards, business loans and commercial mortgages, cash management solutions, foreign exchange, and specialized banking programs for small business and commercial banking customers.

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

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