Media coverage about Bank Of Montreal (NYSE:BMO) (TSE:BMO) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Bank Of Montreal earned a coverage optimism score of 0.04 on Accern’s scale. Accern also gave news articles about the bank an impact score of 45.3215690644083 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news articles that may have effected Accern’s rankings:
- How expensive a Bank of Montreal (BMO) stock is? – Street Observer (press release) (streetobserver.com)
- Bank of Montreal, CaixaBank, Commerzbank, Erste Group, IBM and … – Blockchain News (the-blockchain.com)
- Bank Of Montreal (BMO) Receives Average Rating of “Hold” from Analysts (americanbankingnews.com)
- RCMP seek suspect in armed robbery at Prince Rupert BMO – Prince Rupert Northern View (thenorthernview.com)
- Judge not impressed with proposed sentence for bank teller who aided heist (calgaryherald.com)
BMO has been the subject of a number of recent research reports. Scotiabank reissued a “buy” rating and issued a $101.00 target price on shares of Bank Of Montreal in a research report on Wednesday, August 30th. BidaskClub raised Bank Of Montreal from a “hold” rating to a “buy” rating in a research report on Tuesday, July 4th. Zacks Investment Research raised Bank Of Montreal from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research report on Tuesday, July 18th. Finally, Canaccord Genuity initiated coverage on Bank Of Montreal in a research report on Tuesday, July 18th. They issued a “hold” rating for the company. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Bank Of Montreal presently has an average rating of “Hold” and an average price target of $99.00.
Shares of Bank Of Montreal (BMO) traded up 0.89% during trading on Wednesday, hitting $78.09. The stock had a trading volume of 295,782 shares. The firm has a market capitalization of $50.68 billion, a P/E ratio of 11.68 and a beta of 1.04. The stock’s 50-day moving average price is $74.82 and its 200 day moving average price is $73.00. Bank Of Montreal has a 1-year low of $62.32 and a 1-year high of $78.16.
Bank Of Montreal (NYSE:BMO) (TSE:BMO) last released its quarterly earnings results on Tuesday, August 29th. The bank reported $1.53 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.57 by ($0.04). Bank Of Montreal had a net margin of 20.04% and a return on equity of 14.36%. The company had revenue of $5.46 billion for the quarter, compared to the consensus estimate of $5.52 billion. During the same period in the prior year, the firm posted $1.94 EPS. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. On average, analysts anticipate that Bank Of Montreal will post $6.40 earnings per share for the current year.
Bank Of Montreal announced that its board has initiated a stock buyback plan on Friday, June 23rd that authorizes the company to buyback 4,000,000 shares. This buyback authorization authorizes the bank to buy shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.
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 issued a dividend of $0.717 per share. This represents a $2.87 annualized dividend and a yield of 3.67%. The ex-dividend date of this dividend is Tuesday, October 31st. This is a positive change from Bank Of Montreal’s previous quarterly dividend of $0.66. Bank Of Montreal’s payout ratio is currently 46.91%.
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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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