Bank of Montreal (TSE:BMO) (NYSE:BMO) – Analysts at Desjardins boosted their FY2018 EPS estimates for shares of Bank of Montreal in a research report issued to clients and investors on Tuesday. Desjardins analyst D. Young now forecasts that the bank will post earnings of $8.45 per share for the year, up from their previous forecast of $8.43. Desjardins also issued estimates for Bank of Montreal’s FY2019 earnings at $8.95 EPS.
Other equities analysts have also recently issued reports about the stock. Eight Capital boosted their price objective on shares of Bank of Montreal from C$101.00 to C$106.00 in a research note on Wednesday. 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. 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. Barclays boosted their price objective on shares of Bank of Montreal from C$97.00 to C$98.00 in a research note on Wednesday. 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. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of C$104.58.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 27th. Stockholders of record on Thursday, February 1st will be paid a dividend of $0.93 per share. The ex-dividend date is Wednesday, January 31st. This is a boost from Bank of Montreal’s previous quarterly dividend of $0.90. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.69%. Bank of Montreal’s dividend payout ratio is 44.44%.
In other news, insider Joanna Michelle Rotenberg sold 2,000 shares of the company’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of C$94.81, for a total transaction of C$189,620.00.
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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