Commerce Bancshares EVP Kevin G. Barth Sells 23,265 Shares (CBSH)
Commerce Bancshares (NASDAQ:CBSH) EVP Kevin G. Barth sold 23,265 shares of Commerce Bancshares stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $46.01, for a total value of $1,070,422.65. Following the sale, the executive vice president now directly owns 65,424 shares in the company, valued at approximately $3,010,158. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Commerce Bancshares (NASDAQ:CBSH) traded up 0.59% on Friday, hitting $46.13. The stock had a trading volume of 303,554 shares. Commerce Bancshares has a 52-week low of $40.0381 and a 52-week high of $47.65. The stock has a 50-day moving average of $45.56 and a 200-day moving average of $44.88. The company has a market cap of $4.227 billion and a P/E ratio of 16.62.
Commerce Bancshares (NASDAQ:CBSH) last issued its quarterly earnings data on Tuesday, July 15th. The company reported $0.70 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.68 by $0.02. During the same quarter last year, the company posted $0.69 earnings per share. Analysts expect that Commerce Bancshares will post $2.81 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, September 25th. Stockholders of record on Friday, September 5th will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 1.95%. The ex-dividend date is Wednesday, September 3rd.
A number of analysts have recently weighed in on CBSH shares. Analysts at Zacks reiterated a “neutral” rating on shares of Commerce Bancshares in a research note on Wednesday. They now have a $48.50 price target on the stock. Separately, analysts at Macquarie reiterated a “neutral” rating on shares of Commerce Bancshares in a research note on Wednesday, July 16th. They now have a $45.00 price target on the stock, up previously from $42.00. Finally, analysts at DA Davidson raised their price target on shares of Commerce Bancshares from $52.00 to $54.00 in a research note on Wednesday, July 16th. They now have a “buy” rating on the stock. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $47.31.
Commerce Bancshares, Inc is a bank holding company. Through a wholly owned bank holding company, it owns all of the outstanding capital stock of Commerce Bank (NASDAQ:CBSH).
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