Bank of Montreal (TSE:BMO) (NYSE:BMO) – Equities researchers at National Bank Financial reduced their Q1 2019 earnings per share (EPS) estimates for Bank of Montreal in a research note issued on Monday, February 18th. National Bank Financial analyst G. Dechaine now anticipates that the bank will post earnings of $2.25 per share for the quarter, down from their prior estimate of $2.27. National Bank Financial has a “Outperform” rating and a $114.00 price objective on the stock. National Bank Financial also issued estimates for Bank of Montreal’s Q3 2019 earnings at $2.55 EPS and FY2019 earnings at $9.50 EPS.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last issued its quarterly earnings data on Tuesday, December 4th. The bank reported C$2.32 earnings per share for the quarter, topping the consensus estimate of C$2.30 by C$0.02. The company had revenue of C$5.92 billion for the quarter, compared to analysts’ expectations of C$5.74 billion.

Other analysts also recently issued research reports about the stock. Barclays reduced their price target on shares of Bank of Montreal from C$105.00 to C$103.00 in a research report on Wednesday, December 5th. Canaccord Genuity reduced their price target on shares of Bank of Montreal from C$118.00 to C$111.00 in a research report on Thursday, November 22nd. Desjardins reduced their price target on shares of Bank of Montreal from C$108.00 to C$104.00 in a research report on Tuesday, December 11th. TD Securities downgraded shares of Bank of Montreal from a “buy” rating to a “hold” rating and reduced their price target for the company from C$120.00 to C$110.00 in a research report on Wednesday, December 5th. Finally, Cormark downgraded shares of Bank of Montreal from a “buy” rating to a “market perform” rating and reduced their price target for the company from C$115.00 to C$109.00 in a research report on Thursday, December 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. Bank of Montreal presently has an average rating of “Hold” and an average price target of C$111.18.

BMO stock opened at C$99.05 on Wednesday. Bank of Montreal has a 12 month low of C$86.25 and a 12 month high of C$109.00. The firm has a market capitalization of $62.64 billion and a P/E ratio of 12.12.

In other news, Director Ron Farmer acquired 1,000 shares of the company’s stock in a transaction on Friday, December 14th. The shares were bought at an average cost of C$89.35 per share, with a total value of C$89,350.00. Also, Director Craig Wyeth Broderick acquired 1,130 shares of the company’s stock in a transaction on Wednesday, December 12th. The stock was purchased at an average cost of C$68.37 per share, for a total transaction of C$77,258.10. Insiders acquired a total of 3,130 shares of company stock worth $254,528 over the last three months.

The company also recently disclosed 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 a boost from Bank of Montreal’s previous quarterly dividend of $0.96. This represents a $4.00 annualized dividend and a yield of 4.04%. The ex-dividend date is Thursday, January 31st. Bank of Montreal’s payout ratio is currently 46.27%.

About Bank of Montreal

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, 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, as well as wealth management products and services, such as insurance products.

Read More: Capital gains and your 401(k) or IRA

Earnings History and Estimates for Bank of Montreal (TSE: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.