Bank of Montreal (TSE:BMO) (NYSE:BMO) – Research analysts at Desjardins issued their Q1 2018 earnings per share estimates for shares of Bank of Montreal in a research note issued to investors on Friday, Zacks Investment Research reports. Desjardins analyst D. Young forecasts that the bank will post earnings of $2.09 per share for the quarter. Desjardins also issued estimates for Bank of Montreal’s FY2018 earnings at $8.68 EPS and FY2019 earnings at $9.11 EPS.
BMO has been the subject of a number of other research reports. National Bank Financial lifted their target price on shares of Bank of Montreal from C$100.00 to C$103.00 and gave the stock a “sector perform” rating in a research report on Wednesday, December 6th. Royal Bank of Canada lifted their target price on shares of Bank of Montreal from C$115.00 to C$117.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 28th. Eight Capital lifted their target price on shares of Bank of Montreal from C$106.00 to C$109.00 in a research report on Thursday, March 1st. TD Securities lowered their price target on shares of Bank of Montreal from C$115.00 to C$110.00 and set a “buy” rating for the company in a report on Wednesday, February 28th. Finally, Macquarie upgraded shares of Bank of Montreal from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from C$105.00 to C$107.00 in a report on Thursday, February 15th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of C$109.00.
Shares of Bank of Montreal (TSE BMO) traded up C$0.29 on Monday, reaching C$98.36. 1,119,006 shares of the company’s stock were exchanged, compared to its average volume of 1,590,000. The firm has a market capitalization of $63,760.00, a PE ratio of 13.80 and a beta of 0.69. Bank of Montreal has a one year low of C$88.63 and a one year high of C$105.55.
In other news, Director Thomas Earl Flynn sold 23,000 shares of Bank of Montreal stock in a transaction dated Monday, March 5th. The shares were sold at an average price of C$96.08, for a total transaction of C$2,209,840.00.
The company also recently declared a quarterly dividend, which will be paid on Monday, May 28th. Stockholders of record on Tuesday, May 1st will be issued a dividend of $0.93 per share. The ex-dividend date is Monday, April 30th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.78%. Bank of Montreal’s dividend payout ratio (DPR) is presently 50.63%.
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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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