Bank of Montreal (TSE:BMO) (NYSE:BMO) – Analysts at National Bank Financial reduced their Q2 2018 EPS estimates for shares of Bank of Montreal in a research note issued to investors on Tuesday. National Bank Financial analyst G. Dechaine now expects that the bank will post earnings of $2.06 per share for the quarter, down from their prior forecast of $2.11.

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BMO has been the subject of several other research reports. CIBC reduced their target price on shares of Bank of Montreal from C$101.00 to C$100.00 in a research note on Wednesday. Canaccord Genuity upped their target price on shares of Bank of Montreal from C$99.00 to C$102.00 and gave the stock a “hold” rating in a research note on Wednesday. TD Securities upgraded shares of Bank of Montreal from a “hold” rating to a “buy” rating and set a C$105.00 target price for the company in a research note on Thursday, June 1st. Scotiabank reduced their price target on shares of Bank of Montreal from C$103.00 to C$101.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, Barclays PLC increased their price target on shares of Bank of Montreal from C$98.00 to C$99.00 in a research report on Friday, August 11th. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of C$100.00.

Bank of Montreal (BMO) opened at 89.62 on Friday. Bank of Montreal has a 12 month low of $83.43 and a 12 month high of $104.15. The company has a market cap of $60.64 billion and a P/E ratio of 10.97. The stock has a 50 day moving average of $93.91 and a 200-day moving average of $96.32.

In other Bank of Montreal news, insider David Robert Casper sold 17,005 shares of the stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of C$93.36, for a total transaction of C$1,587,586.80. Also, Director La Flèche Eric Richer bought 2,000 shares of the business’s stock in a transaction on Monday, June 19th. The shares were acquired at an average price of C$93.82 per share, with a total value of C$187,640.00.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 28th. Shareholders of record on Wednesday, November 1st will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 4.02%.

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, creditor insurance, and financial and investment advice; 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.

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

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