Bank of Montreal (TSE:BMO) (NYSE:BMO) – Equities research analysts at National Bank Financial dropped their Q1 2019 earnings estimates for Bank of Montreal in a research report issued on Tuesday, December 4th. National Bank Financial analyst G. Dechaine now forecasts that the bank will post earnings of $2.27 per share for the quarter, down from their prior estimate of $2.29. National Bank Financial currently has a “Outperform” rating and a $114.00 price target on the stock.

Other equities analysts have also recently issued reports about the company. CIBC lifted their price target on Bank of Montreal from C$109.00 to C$111.00 in a research report on Wednesday, August 29th. Canaccord Genuity upgraded Bank of Montreal from a “hold” rating to a “buy” rating and lifted their price target for the company from C$111.00 to C$118.00 in a research report on Wednesday, August 29th. Barclays reduced their price target on Bank of Montreal from C$105.00 to C$103.00 in a research report on Wednesday. Cormark cut 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. Finally, Eight Capital cut Bank of Montreal from a “buy” rating to a “neutral” rating and reduced their price target for the company from C$124.00 to C$117.00 in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of C$112.27.

Shares of TSE BMO opened at C$92.71 on Friday. Bank of Montreal has a fifty-two week low of C$92.32 and a fifty-two week high of C$109.00.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 26th. Investors of record on Friday, February 1st will be paid a dividend of $1.00 per share. This is a positive change from Bank of Montreal’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend is Thursday, January 31st. This represents a $4.00 annualized dividend and a yield of 4.31%. Bank of Montreal’s dividend payout ratio (DPR) is currently 50.28%.

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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