Positive Media Coverage Extremely Unlikely to Affect Bank of Montreal (BMO) Stock Price
Media headlines about Bank of Montreal (TSE:BMO) (NYSE:BMO) have trended positive on Tuesday, InfoTrie reports. The research group identifies negative and positive media coverage by analyzing more than 6,000 news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Bank of Montreal earned a coverage optimism score of 2.17 on their scale. InfoTrie also assigned media stories about the bank an news buzz score of 1 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company’s share price in the next few days.
Here are some of the headlines that may have effected Bank of Montreal’s analysis:
- Bank of Montreal (BMO) Earns News Sentiment Rating of 2.17 (americanbankingnews.com)
- Bank of Montreal (BMO) to Post FY2019 Earnings of $9.50 Per Share, Desjardins Forecasts (americanbankingnews.com)
- Q1 2019 EPS Estimates for Bank of Montreal Reduced by Analyst (BMO) (americanbankingnews.com)
- BMO Blue Book: Canadian Businesses Investing for Growth As Economy Begins to Moderate (finance.yahoo.com)
- Bank of Montreal (BMO) Earns News Sentiment Score of 2.83 (americanbankingnews.com)
BMO has been the topic of several research analyst reports. National Bank Financial dropped their target price on shares of Bank of Montreal from C$115.00 to C$114.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 5th. Bank of America downgraded shares of Bank of Montreal from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from C$104.00 to C$98.00 in a research report on Monday, January 28th. Barclays dropped their target price on shares of Bank of Montreal from C$110.00 to C$105.00 in a research report on Friday, November 16th. Canaccord Genuity dropped their target price on shares of Bank of Montreal from C$118.00 to C$111.00 in a research report on Thursday, November 22nd. Finally, Desjardins dropped their target price on shares of Bank of Montreal from C$108.00 to C$104.00 in a research report on Tuesday, December 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of C$110.83.
Bank of Montreal (TSE:BMO) (NYSE:BMO) last released its earnings results on Tuesday, December 4th. The bank reported C$2.32 earnings per share for the quarter, topping the consensus estimate of C$2.30 by C$0.02. The company had revenue of C$5.92 billion for the quarter, compared to analysts’ expectations of C$5.74 billion. As a group, equities analysts expect that Bank of Montreal will post 10.1699987971759 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 26th. Shareholders of record on Friday, February 1st will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 4.12%. This is a boost from Bank of Montreal’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend is Thursday, January 31st. Bank of Montreal’s payout ratio is presently 48.96%.
In other news, Director Craig Wyeth Broderick bought 1,130 shares of the firm’s stock in a transaction that occurred on Wednesday, December 12th. The stock was purchased at an average cost of C$68.37 per share, for a total transaction of C$77,258.10. Also, Director Ron Farmer bought 1,000 shares of the firm’s stock in a transaction that occurred on Friday, December 14th. The stock was purchased at an average price of C$89.35 per share, with a total value of C$89,350.00. Over the last 90 days, insiders have acquired 3,130 shares of company stock valued at $254,528.
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Bank of Montreal Company Profile
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, and financial and investment advice services; 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, as well as wealth management products and services, such as insurance products.
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