News coverage about Bank Of Montreal (NYSE:BMO) (TSE:BMO) has been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Bank Of Montreal earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned headlines about the bank an impact score of 46.4185511010894 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the news headlines that may have effected Accern Sentiment’s analysis:

Bank Of Montreal (NYSE:BMO) traded up 0.85% during mid-day trading on Monday, hitting $73.14. The stock had a trading volume of 392,043 shares. The firm has a market cap of $47.69 billion, a PE ratio of 11.55 and a beta of 1.02. The company’s 50 day moving average price is $74.93 and its 200 day moving average price is $73.45. Bank Of Montreal has a 52 week low of $62.32 and a 52 week high of $78.00.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last released its quarterly earnings results on Wednesday, May 24th. The bank reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.05. Bank Of Montreal had a return on equity of 14.25% and a net margin of 19.60%. The firm had revenue of $5.74 billion for the quarter, compared to analysts’ expectations of $5.26 billion. During the same quarter last year, the firm posted $1.73 EPS. The company’s revenue was up 12.5% compared to the same quarter last year. Analysts anticipate that Bank Of Montreal will post $6.28 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 28th. Investors of record on Tuesday, August 1st will be issued a dividend of $0.6616 per share. The ex-dividend date of this dividend is Friday, July 28th. This represents a $2.65 dividend on an annualized basis and a dividend yield of 3.62%. Bank Of Montreal’s dividend payout ratio is 46.18%.

Bank Of Montreal declared that its Board of Directors has authorized a share buyback plan on Thursday, April 27th that permits the company to buyback 15,000,000 outstanding shares. This buyback authorization permits the bank to repurchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.

Several brokerages have commented on BMO. 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 note on Tuesday, July 18th. Canaccord Genuity began coverage on Bank Of Montreal in a research note on Tuesday, July 18th. They set a “hold” rating for the company. BidaskClub downgraded Bank Of Montreal from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Barclays PLC raised Bank Of Montreal from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, May 23rd. Finally, Royal Bank Of Canada lowered their target price on Bank Of Montreal to $108.00 and set a “sector perform” rating for the company in a research note on Thursday, May 25th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $88.38.

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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.

Insider Buying and Selling by Quarter for Bank Of Montreal (NYSE:BMO)

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