Bank of Montreal (TSE:BMO) Insider Deland Kamanga Sells 9,064 Shares

Bank of Montreal (TSE:BMO) (NYSE:BMO) insider Deland Kamanga sold 9,064 shares of the company’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of C$237.65, for a total transaction of C$2,154,059.60.

Bank of Montreal Price Performance

TSE BMO opened at C$243.56 on Friday. The firm’s fifty day moving average price is C$249.17 and its 200 day moving average price is C$222.58. Bank of Montreal has a 12 month low of C$168.92 and a 12 month high of C$259.20. The company has a market capitalization of C$169.80 billion, a price-to-earnings ratio of 19.85, a price-to-earnings-growth ratio of 0.71 and a beta of 1.22.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last announced its quarterly earnings results on Tuesday, August 25th. The bank reported C$3.96 earnings per share for the quarter. Bank of Montreal had a net margin of 11.75% and a return on equity of 10.58%. The firm had revenue of C$9.96 billion during the quarter. As a group, sell-side analysts forecast that Bank of Montreal will post 9.6514585 earnings per share for the current year.

Bank of Montreal Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 26th were issued a $1.71 dividend. This represents a $6.84 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Thursday, July 30th. This is an increase from Bank of Montreal’s previous quarterly dividend of $1.67. Bank of Montreal’s dividend payout ratio (DPR) is presently 54.44%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BMO. Canadian Imperial Bank of Commerce dropped their price target on Bank of Montreal from C$272.00 to C$261.00 and set a “neutral” rating on the stock in a research note on Thursday. Keefe, Bruyette & Woods set a C$295.00 price objective on Bank of Montreal and gave the company a “moderate buy” rating in a research note on Friday, August 21st. TD increased their price objective on Bank of Montreal from C$239.00 to C$263.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. Canaccord Genuity Group raised their target price on shares of Bank of Montreal from C$265.00 to C$271.00 and gave the stock a “buy” rating in a research report on Wednesday, August 26th. Finally, National Bank Financial set a C$278.00 target price on shares of Bank of Montreal and gave the company a “sector perform” rating in a report on Monday, August 24th. Seven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of C$256.57.

Key Headlines Impacting Bank of Montreal

Here are the key news stories impacting Bank of Montreal this week:

• Positive Sentiment: Share buyback receives regulatory approval: Bank of Montreal secured clearance for a normal-course issuer bid, allowing it to repurchase shares. Buybacks can support earnings per share and signal that management views the stock as attractively valued. Bank of Montreal Secures Regulatory Clearance for Normal Course Issuer Bid
• Positive Sentiment: Buyback announcement reinforces capital-return expectations: The approval of the new share-buyback program gives investors another potential source of returns alongside Bank of Montreal’s dividend and may be helping support the stock.
• Neutral Sentiment: CIBC lowers price target and maintains a neutral rating: Canadian Imperial Bank of Commerce reduced its target from C$272 to C$261 while keeping a “neutral” recommendation. The revised target still implies approximately 7.3% upside from the cited price, suggesting modest appreciation potential rather than a strong bullish view. CIBC price target update
• Neutral Sentiment: Desjardins also takes a cautious stance: Desjardins set a C$260 price target and a “hold” rating, indicating expectations for limited near-term upside and broadly balanced risk and reward.
• Negative Sentiment: Senior officer sells shares: Deland Kamanga sold 9,064 Bank of Montreal shares for approximately C$2.15 million at an average price of C$237.65. While insider sales can reflect personal financial decisions, the transaction may weigh modestly on sentiment because it signals selling by a company insider. Officer selling at Bank of Montreal

Bank of Montreal Company Profile

Bank of Montreal is a diversified financial-services provider based in North America, operating four business segments: Canadian personal and commercial banking, U.S. P&C banking, wealth management, and capital markets.