Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Bank Of Montreal (BMO) Stock Price

Headlines about Bank Of Montreal (NYSE:BMO) (TSE:BMO) have been trending somewhat positive on Saturday, Accern reports. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Bank Of Montreal earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned news articles about the bank an impact score of 47.4496327537325 out of 100, meaning that recent media 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 impacted Accern’s rankings:

Shares of Bank Of Montreal (BMO) traded up 0.55% on Friday, hitting $72.76. The company’s stock had a trading volume of 327,551 shares. The company has a market cap of $47.44 billion, a price-to-earnings ratio of 11.62 and a beta of 1.02. Bank Of Montreal has a 52 week low of $62.32 and a 52 week high of $78.00. The stock’s 50 day moving average is $74.97 and its 200-day moving average is $73.39.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last released its quarterly earnings data on Wednesday, May 24th. The bank reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.05. Bank Of Montreal had a net margin of 19.60% and a return on equity of 14.25%. The business had revenue of $5.74 billion during the quarter, compared to analyst estimates of $5.26 billion. During the same quarter in the previous year, the business earned $1.73 EPS. Bank Of Montreal’s quarterly revenue was up 12.5% compared to the same quarter last year. On average, equities research analysts anticipate that Bank Of Montreal will post $6.30 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 28th. Investors of record on Tuesday, August 1st will be paid a $0.6616 dividend. This represents a $2.65 annualized dividend and a dividend yield of 3.64%. The ex-dividend date is Friday, July 28th. Bank Of Montreal’s payout ratio is presently 46.18%.

Bank Of Montreal declared that its board has authorized a share buyback program on Thursday, April 27th that permits the company to buyback 15,000,000 shares. This buyback authorization permits the bank to buy shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Several equities analysts have issued reports on BMO shares. Citigroup Inc. upgraded Bank Of Montreal from a “neutral” rating to a “buy” rating in a research report on Thursday, May 18th. BidaskClub cut Bank Of Montreal from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. TD Securities upgraded Bank Of Montreal from a “hold” rating to a “buy” rating in a report on Thursday, June 1st. They noted that the move was a valuation call. Zacks Investment Research cut Bank Of Montreal from a “hold” rating to a “sell” rating in a report on Thursday, May 25th. Finally, Barclays PLC upgraded Bank Of Montreal from an “underweight” rating to an “equal weight” rating in a report on Tuesday, May 23rd. Eleven analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Bank Of Montreal presently has a consensus rating of “Hold” and an average price target of $88.38.

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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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