Commerce Bancshares, Inc. (NASDAQ:CBSH) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Saturday.

CBSH has been the subject of several other research reports. Keefe, Bruyette & Woods reissued a “sell” rating and issued a $46.00 price target on shares of Commerce Bancshares in a report on Wednesday, April 5th. Stephens reissued a “hold” rating on shares of Commerce Bancshares in a report on Monday, April 17th. Morgan Stanley boosted their price target on shares of Commerce Bancshares from $48.00 to $49.00 and gave the stock an “underweight” rating in a report on Tuesday, June 6th. Jefferies Group LLC reissued a “hold” rating and issued a $61.00 price target on shares of Commerce Bancshares in a report on Sunday, June 11th. Finally, Piper Jaffray Companies cut their price target on shares of Commerce Bancshares from $55.00 to $52.00 and set a “neutral” rating for the company in a report on Wednesday, April 19th. Four analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Commerce Bancshares presently has a consensus rating of “Hold” and a consensus price target of $54.50.

Analyst Recommendations for Commerce Bancshares (NASDAQ:CBSH)

Shares of Commerce Bancshares (NASDAQ CBSH) traded down 1.00% during trading on Friday, hitting $55.65. 580,838 shares of the company were exchanged. The firm’s 50-day moving average price is $55.32 and its 200 day moving average price is $56.52. The firm has a market capitalization of $5.65 billion, a PE ratio of 20.82 and a beta of 0.78. Commerce Bancshares has a 12 month low of $42.44 and a 12 month high of $60.61.

Commerce Bancshares (NASDAQ:CBSH) last issued its quarterly earnings results on Thursday, April 13th. The financial services provider reported $0.68 EPS for the quarter, topping the consensus estimate of $0.65 by $0.03. The company had revenue of $295.30 million during the quarter, compared to analyst estimates of $298.61 million. Commerce Bancshares had a net margin of 23.43% and a return on equity of 11.76%. The firm’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.62 EPS. On average, equities research analysts expect that Commerce Bancshares will post $2.84 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 26th. Investors of record on Friday, June 9th will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend is Wednesday, June 7th. Commerce Bancshares’s payout ratio is presently 33.65%.

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In other news, insider V Raymond Stranghoener sold 4,182 shares of the company’s stock in a transaction on Tuesday, April 25th. The shares were sold at an average price of $56.22, for a total transaction of $235,112.04. Following the completion of the sale, the insider now owns 47,112 shares of the company’s stock, valued at $2,648,636.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman Jonathan M. Kemper sold 36,979 shares of the company’s stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $54.10, for a total transaction of $2,000,563.90. Following the sale, the insider now directly owns 1,045,605 shares of the company’s stock, valued at approximately $56,567,230.50. The disclosure for this sale can be found here. Insiders have sold 66,167 shares of company stock valued at $3,602,308 in the last ninety days. Insiders own 4.30% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Capstone Asset Management Co. raised its stake in Commerce Bancshares by 0.5% in the first quarter. Capstone Asset Management Co. now owns 7,220 shares of the financial services provider’s stock worth $405,000 after buying an additional 37 shares during the last quarter. Bank of The Ozarks raised its stake in Commerce Bancshares by 0.4% in the first quarter. Bank of The Ozarks now owns 20,027 shares of the financial services provider’s stock worth $1,125,000 after buying an additional 74 shares during the last quarter. Mosaic Family Wealth LLC raised its stake in Commerce Bancshares by 2.9% in the first quarter. Mosaic Family Wealth LLC now owns 3,116 shares of the financial services provider’s stock worth $175,000 after buying an additional 89 shares during the last quarter. WFG Advisors LP raised its stake in Commerce Bancshares by 2.8% in the first quarter. WFG Advisors LP now owns 3,939 shares of the financial services provider’s stock worth $221,000 after buying an additional 109 shares during the last quarter. Finally, World Asset Management Inc raised its stake in Commerce Bancshares by 2.1% in the first quarter. World Asset Management Inc now owns 5,418 shares of the financial services provider’s stock worth $304,000 after buying an additional 112 shares during the last quarter. 62.11% of the stock is owned by institutional investors and hedge funds.

Commerce Bancshares Company Profile

Commerce Bancshares, Inc is a bank holding company of Commerce Bank (the Bank). The Bank is engaged in general banking business, providing a range of retail, mortgage banking, corporate, investment, trust and asset management products and services to individuals and businesses. The Company operates through three segments: Consumer, Commercial and Wealth.

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