Research Analysts Offer Predictions for Bank of Montreal’s Q1 2019 Earnings (BMO)
Bank of Montreal (TSE:BMO) (NYSE:BMO) – Analysts at Cormark issued their Q1 2019 earnings per share (EPS) estimates for shares of Bank of Montreal in a report released on Tuesday. Cormark analyst M. Grauman anticipates that the bank will post earnings per share of $2.15 for the quarter. Cormark also issued estimates for Bank of Montreal’s Q2 2019 earnings at $2.24 EPS, Q3 2019 earnings at $2.40 EPS and Q4 2019 earnings at $2.39 EPS.
Several other research firms also recently commented on BMO. Barclays boosted their target price on shares of Bank of Montreal from C$98.00 to C$99.00 in a research report on Friday, August 11th. Canaccord Genuity upped their price objective 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. CIBC decreased their price objective on shares of Bank of Montreal from C$101.00 to C$100.00 in a report on Wednesday, August 30th. Scotiabank decreased their price objective on shares of Bank of Montreal from C$103.00 to C$101.00 and set an “outperform” rating for the company in a report on Wednesday, August 30th. Finally, CSFB upped their target price on shares of Bank of Montreal from C$102.00 to C$103.00 in a research note on Wednesday. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of C$103.36.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 27th. Stockholders of record on Thursday, February 1st will be paid a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 3.70%. The ex-dividend date is Wednesday, January 31st. This is a positive change from Bank of Montreal’s previous quarterly dividend of $0.90. Bank of Montreal’s dividend payout ratio (DPR) is 43.30%.
In related news, insider Joanna Michelle Rotenberg sold 2,000 shares of the stock in a transaction that occurred 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.
About Bank of Montreal
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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