Somewhat Positive Press Coverage Somewhat Unlikely to Impact Bank Of Montreal (BMO) Share Price
Press coverage about Bank Of Montreal (NYSE:BMO) (TSE:BMO) has been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. The research group scores the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Bank Of Montreal earned a news impact score of 0.09 on Accern’s scale. Accern also assigned news coverage about the bank an impact score of 46.6743339687794 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- BMO’s capital-markets push in U.S. starting to pay off (theglobeandmail.com)
- Media Advisory – Ride for Cancer powered by BMO Bank of Montreal is doing … (newswire.ca)
- Bank of Montreal : BMO Recognizes Milwaukee’s Accomplished and Inspiring Women (4-traders.com)
- Loonie slides on Bank of Canada’s move to slow rate hikes (theglobeandmail.com)
- Financial Sector Update for 09/26/2017: BMO.TO, BNS.TO, CM.TO, NA.TO, RY.TO, TD.TO – Nasdaq (nasdaq.com)
A number of research firms recently weighed in on BMO. Zacks Investment Research upgraded shares of Bank Of Montreal from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Canaccord Genuity began coverage on shares of Bank Of Montreal in a research report on Tuesday, July 18th. They issued a “hold” rating on the stock. BidaskClub upgraded shares of Bank Of Montreal from a “hold” rating to a “buy” rating in a research report on Tuesday, July 4th. Finally, Scotiabank reiterated a “buy” rating and issued a $101.00 price objective on shares of Bank Of Montreal in a research report on Wednesday, August 30th. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Bank Of Montreal has a consensus rating of “Hold” and a consensus price target of $97.20.
Bank Of Montreal (BMO) traded up 0.15% during midday trading on Friday, reaching $75.71. The company’s stock had a trading volume of 353,339 shares. The company has a market capitalization of $49.14 billion, a price-to-earnings ratio of 11.32 and a beta of 1.03. Bank Of Montreal has a 1-year low of $62.32 and a 1-year high of $78.00. The company’s 50-day moving average price is $73.75 and its 200-day moving average price is $72.93.
Bank Of Montreal (NYSE:BMO) (TSE:BMO) last issued its quarterly earnings data on Tuesday, August 29th. The bank reported $1.53 EPS for the quarter, missing the Zacks’ consensus estimate of $1.57 by ($0.04). The company had revenue of $5.46 billion for the quarter, compared to the consensus estimate of $5.52 billion. Bank Of Montreal had a return on equity of 14.36% and a net margin of 20.04%. Bank Of Montreal’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.94 earnings per share. On average, analysts predict that Bank Of Montreal will post $6.51 earnings per share for the current fiscal year.
Bank Of Montreal declared that its board has initiated a stock buyback program on Friday, June 23rd that allows the company to repurchase 4,000,000 shares. This repurchase authorization allows the bank to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 28th. Investors of record on Wednesday, November 1st will be paid a dividend of $0.717 per share. This is an increase from Bank Of Montreal’s previous quarterly dividend of $0.66. This represents a $2.87 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date is Tuesday, October 31st. Bank Of Montreal’s dividend payout ratio is presently 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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