News headlines about Bank of Montreal (TSE:BMO) (NYSE:BMO) have trended somewhat positive recently, according to InfoTrie. The research group identifies negative and positive media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Bank of Montreal earned a media sentiment score of 1.54 on their scale. InfoTrie also assigned news stories about the bank an news buzz score of 5 out of 10, indicating that recent media coverage is somewhat likely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have impacted Bank of Montreal’s analysis:
- Desjardins Equities Analysts Cut Earnings Estimates for Bank of Montreal (BMO) (forextv.com)
- Bank of Montreal (TSX:BMO) Could Be the Biggest Bargain on the TSX Right Now (fool.ca)
- FY2018 EPS Estimates for Bank of Montreal (BMO) Lifted by Desjardins (americanbankingnews.com)
- Bank of Montreal (BMO) Earning Favorable News Coverage, Report Shows (americanbankingnews.com)
- What To Know Before Selling Stock? Bank of Montreal (BMO) (nysewired.com)
Several equities research analysts recently commented on BMO shares. CIBC increased their price target on Bank of Montreal from C$109.00 to C$111.00 in a report on Wednesday, August 29th. Eight Capital increased their price target on Bank of Montreal from C$119.00 to C$124.00 in a report on Wednesday, August 29th. Canaccord Genuity raised Bank of Montreal from a “hold” rating to a “buy” rating and increased their price target for the company from C$111.00 to C$118.00 in a report on Wednesday, August 29th. Royal Bank of Canada raised Bank of Montreal from a “sector perform” rating to a “c$103.93” rating and increased their price target for the company from C$120.00 to C$124.00 in a report on Wednesday, July 18th. Finally, National Bank Financial increased their price target on Bank of Montreal from C$108.00 to C$115.00 and gave the company an “outperform” rating in a report on Wednesday, August 29th. Six investment analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average target price of C$114.50.
Shares of TSE:BMO traded down C$0.59 during midday trading on Friday, hitting C$98.87. The company had a trading volume of 1,178,400 shares, compared to its average volume of 1,356,571. Bank of Montreal has a twelve month low of C$93.60 and a twelve month high of C$109.00.
Bank of Montreal (TSE:BMO) (NYSE:BMO) last issued its quarterly earnings data on Tuesday, August 28th. The bank reported C$2.36 earnings per share for the quarter, topping the consensus estimate of C$2.27 by C$0.09. The business had revenue of C$5.82 billion during the quarter, compared to analysts’ expectations of C$5.71 billion. As a group, equities research analysts anticipate that Bank of Montreal will post 9.63581654335924 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 27th. Investors of record on Thursday, November 1st will be given a $0.96 dividend. The ex-dividend date is Wednesday, October 31st. This represents a $3.84 annualized dividend and a yield of 3.88%. Bank of Montreal’s payout ratio is 50.28%.
In other news, insider Jean-Michel Ares sold 57,356 shares of the firm’s stock in a transaction on Friday, September 21st. The stock was sold at an average price of C$108.46, for a total transaction of C$6,220,831.76. Also, Director Thomas Earl Flynn sold 39,784 shares of the firm’s stock in a transaction on Friday, August 31st. The stock was sold at an average price of C$106.82, for a total value of C$4,249,726.88. Insiders sold 102,140 shares of company stock valued at $11,006,409 over the last quarter.
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, creditor insurance products, 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.
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