Bank of Montreal Expected to Post FY2017 Earnings of $8.07 Per Share (BMO)
Bank of Montreal (TSE:BMO) (NYSE:BMO) – Investment analysts at Desjardins lifted their FY2017 EPS estimates for Bank of Montreal in a research note issued to investors on Monday. Desjardins analyst D. Young now expects that the bank will post earnings of $8.07 per share for the year, up from their previous estimate of $8.02. Desjardins also issued estimates for Bank of Montreal’s Q4 2017 earnings at $2.05 EPS, FY2018 earnings at $8.43 EPS and FY2019 earnings at $8.94 EPS.
Several other brokerages have also recently weighed in on BMO. Canaccord Genuity dropped their price objective on Bank of Montreal from C$103.00 to C$99.00 in a report on Wednesday, November 1st. Barclays PLC lifted their price objective on Bank of Montreal from C$98.00 to C$99.00 in a report on Friday, August 11th. Scotiabank dropped their price objective on Bank of Montreal from C$103.00 to C$101.00 and set an “outperform” rating for the company in a report on Wednesday, August 30th. Finally, CIBC lowered their price target on Bank of Montreal from C$101.00 to C$100.00 in a report on Wednesday, August 30th. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of C$100.15.
Bank of Montreal (TSE BMO) opened at C$99.17 on Tuesday. Bank of Montreal has a fifty-two week low of C$83.58 and a fifty-two week high of C$104.15.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 28th. Shareholders of record on Wednesday, November 1st will be given a $0.90 dividend. The ex-dividend date is Tuesday, October 31st. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.63%.
In other Bank of Montreal news, Director Philip Orsino bought 17,800 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The shares were bought at an average price of C$89.12 per share, for a total transaction of C$1,586,336.00. Also, insider Joanna Michelle Rotenberg sold 2,000 shares of the company’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of C$94.81, for a total value of C$189,620.00.
About Bank of Montreal
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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