Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Bank of Montreal (NYSE:BMO) Share Price

Headlines about Bank of Montreal (NYSE:BMO) (TSE:BMO) have been trending somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Bank of Montreal earned a daily sentiment score of 0.19 on Accern’s scale. Accern also gave headlines about the bank an impact score of 47.0165790634197 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Shares of Bank of Montreal (NYSE BMO) opened at $74.66 on Thursday. Bank of Montreal has a twelve month low of $66.75 and a twelve month high of $84.71. The stock has a market capitalization of $48,305.11, a PE ratio of 12.05, a P/E/G ratio of 1.59 and a beta of 1.08. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.17.

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Bank of Montreal (NYSE:BMO) (TSE:BMO) last released its earnings results on Tuesday, February 27th. The bank reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.02. Bank of Montreal had a return on equity of 13.85% and a net margin of 16.69%. The business had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.45 billion. During the same quarter in the prior year, the company posted $2.28 earnings per share. Bank of Montreal’s revenue was up .4% on a year-over-year basis. analysts expect that Bank of Montreal will post 6.82 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, May 28th. Investors of record on Tuesday, May 1st will be issued a dividend of $0.755 per share. This represents a $3.02 annualized dividend and a yield of 4.05%. The ex-dividend date is Monday, April 30th. This is a positive change from Bank of Montreal’s previous quarterly dividend of $0.73. Bank of Montreal’s dividend payout ratio is presently 53.08%.

A number of research analysts have issued reports on BMO shares. Macquarie raised Bank of Montreal from a “neutral” rating to an “outperform” rating in a research note on Thursday, February 15th. Zacks Investment Research raised Bank of Montreal from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a research note on Tuesday, February 6th. Finally, Canaccord Genuity restated a “hold” rating and issued a $105.00 price target on shares of Bank of Montreal in a report on Tuesday, December 5th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target 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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