Bank of Montreal (BMO) Earns News Sentiment Score of 2.83

Media headlines about Bank of Montreal (TSE:BMO) (NYSE:BMO) have been trending positive recently, InfoTrie Sentiment reports. InfoTrie rates the sentiment of media coverage by monitoring more than 6,000 blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Bank of Montreal earned a news impact score of 2.83 on their scale. InfoTrie also gave news coverage about the bank an news buzz score of 10 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company’s share price in the next few days.

Shares of BMO stock opened at C$96.72 on Tuesday. Bank of Montreal has a twelve month low of C$86.25 and a twelve month high of C$109.00. The company has a market capitalization of $61.33 billion and a P/E ratio of 11.84.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last issued its quarterly earnings data on Tuesday, December 4th. The bank reported C$2.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of C$2.30 by C$0.02. The company had revenue of C$5.92 billion during the quarter, compared to the consensus estimate of C$5.74 billion. On average, research analysts predict that Bank of Montreal will post 10.2099999255055 earnings per share for the current fiscal year.



The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 26th. Investors of record on Friday, February 1st will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 4.14%. This is an increase from Bank of Montreal’s previous quarterly dividend of $0.96. The ex-dividend date is Thursday, January 31st. Bank of Montreal’s dividend payout ratio (DPR) is presently 46.27%.

Several equities research analysts have recently issued reports on BMO shares. Desjardins reduced their price target on Bank of Montreal from C$108.00 to C$104.00 in a report on Tuesday, December 11th. Barclays reduced their price target on Bank of Montreal from C$105.00 to C$103.00 in a report on Wednesday, December 5th. Canaccord Genuity reduced their price target on Bank of Montreal from C$118.00 to C$111.00 in a report on Thursday, November 22nd. TD Securities lowered Bank of Montreal from a “buy” rating to a “hold” rating and reduced their price target for the company from C$120.00 to C$110.00 in a report on Wednesday, December 5th. Finally, Cormark lowered Bank of Montreal from a “buy” rating to a “market perform” rating and reduced their price target for the company from C$115.00 to C$109.00 in a report on Thursday, December 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. Bank of Montreal currently has a consensus rating of “Hold” and an average target price of C$110.83.

In related news, Director Ron Farmer acquired 1,000 shares of the business’s stock in a transaction that occurred on Friday, December 14th. The shares were acquired at an average cost of C$89.35 per share, with a total value of C$89,350.00. Also, Director Craig Wyeth Broderick acquired 1,130 shares of the business’s stock in a transaction that occurred on Wednesday, December 12th. The stock was bought at an average cost of C$68.37 per share, for a total transaction of C$77,258.10. Insiders purchased a total of 3,130 shares of company stock worth $254,528 over the last three months.

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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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Insider Buying and Selling by Quarter for Bank of Montreal (TSE:BMO)

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