National Bank Financial Weighs in on Bank of Montreal’s Q3 2018 Earnings (BMO)
Bank of Montreal (TSE:BMO) (NYSE:BMO) – Analysts at National Bank Financial raised their Q3 2018 EPS estimates for Bank of Montreal in a research report issued on Thursday. National Bank Financial analyst G. Dechaine now expects that the bank will post earnings of $2.22 per share for the quarter, up from their previous forecast of $2.17. National Bank Financial currently has a “Sector Perform” rating and a $106.00 target price on the stock. National Bank Financial also issued estimates for Bank of Montreal’s FY2018 earnings at $8.61 EPS and FY2019 earnings at $9.18 EPS.
Several other research firms also recently issued reports on BMO. Canaccord Genuity boosted their price objective on shares of Bank of Montreal from C$103.00 to C$105.00 in a research note on Wednesday, December 6th. Scotiabank boosted their price objective on shares of Bank of Montreal from C$112.00 to C$114.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 6th. CSFB boosted their price objective on shares of Bank of Montreal from C$102.00 to C$103.00 in a research note on Wednesday, December 6th. Citigroup boosted their price objective on shares of Bank of Montreal from C$112.00 to C$116.00 in a research note on Monday, December 18th. Finally, CIBC boosted their price objective on shares of Bank of Montreal from C$100.00 to C$107.00 in a research note on Monday, November 13th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of C$106.25.
The company 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. The ex-dividend date of this dividend is Wednesday, January 31st. This is an increase from Bank of Montreal’s previous quarterly dividend of $0.90. This represents a $3.72 annualized dividend and a dividend yield of 3.63%. Bank of Montreal’s dividend payout ratio is 44.95%.
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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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