Bank of Montreal (BMO) Earns Coverage Optimism Score of 0.24

Media headlines about Bank of Montreal (NYSE:BMO) (TSE:BMO) have been trending somewhat positive recently, Accern Sentiment reports. Accern rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Bank of Montreal earned a news impact score of 0.24 on Accern’s scale. Accern also gave news coverage about the bank an impact score of 45.9300367021196 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:

Shares of Bank of Montreal (BMO) traded up $1.21 during midday trading on Wednesday, reaching $77.77. The company’s stock had a trading volume of 549,830 shares, compared to its average volume of 431,172. Bank of Montreal has a 12-month low of $66.75 and a 12-month high of $84.71. The firm has a market cap of $50,400.00, a price-to-earnings ratio of 12.36, a PEG ratio of 1.62 and a beta of 1.04. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.07 and a quick ratio of 1.07.

Bank of Montreal (NYSE:BMO) (TSE:BMO) last announced its quarterly earnings data on Tuesday, December 5th. The bank reported $1.55 EPS for the quarter, missing the Zacks’ consensus estimate of $1.58 by ($0.03). Bank of Montreal had a return on equity of 14.11% and a net margin of 19.00%. The business had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.25 billion. equities research analysts forecast that Bank of Montreal will post 6.84 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 27th. Stockholders of record on Thursday, February 1st will be issued a dividend of $0.733 per share. This represents a $2.93 annualized dividend and a dividend yield of 3.77%. This is a positive change from Bank of Montreal’s previous quarterly dividend of $0.72. The ex-dividend date is Wednesday, January 31st. Bank of Montreal’s payout ratio is currently 46.58%.

A number of brokerages have commented on BMO. Zacks Investment Research lowered Bank of Montreal from a “buy” rating to a “hold” rating in a research report on Thursday, February 8th. Canaccord Genuity restated a “hold” rating and set a $105.00 price objective on shares of Bank of Montreal in a research report on Tuesday, December 5th. Scotiabank restated a “buy” rating and set a $112.00 price objective on shares of Bank of Montreal in a research report on Wednesday, November 22nd. Finally, Macquarie began coverage on Bank of Montreal in a research report on Tuesday, October 24th. They set a “neutral” rating and a $81.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $98.60.

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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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