Commerce Bancshares, Inc. (NASDAQ:CBSH) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Wednesday.

A number of other equities analysts have also weighed in on the company. Zacks Investment Research lowered Commerce Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th. Keefe, Bruyette & Woods reiterated a “sell” rating and issued a $46.00 target price on shares of Commerce Bancshares in a research report on Monday, June 12th. Jefferies Group LLC reiterated a “hold” rating and issued a $61.00 target price on shares of Commerce Bancshares in a research report on Sunday, June 11th. Morgan Stanley boosted their target price on Commerce Bancshares from $48.00 to $49.00 and gave the stock an “underweight” rating in a research report on Tuesday, June 6th. Finally, Piper Jaffray Companies decreased their target price on Commerce Bancshares from $55.00 to $52.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 19th. Three investment analysts have rated the stock with a sell rating and six have given a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $54.50.

Shares of Commerce Bancshares (CBSH) traded up 0.76% on Wednesday, reaching $57.12. The company’s stock had a trading volume of 226,097 shares. Commerce Bancshares has a 12-month low of $44.27 and a 12-month high of $60.61. The company’s 50-day moving average is $55.41 and its 200 day moving average is $56.46. The company has a market capitalization of $5.80 billion, a price-to-earnings ratio of 21.37 and a beta of 0.81.

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

The firm also recently declared a quarterly dividend, which was paid on Monday, June 26th. Stockholders of record on Friday, June 9th were issued a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, June 7th. This represents a $0.90 annualized dividend and a dividend yield of 1.58%. Commerce Bancshares’s payout ratio is 33.65%.

ILLEGAL ACTIVITY WARNING: “Commerce Bancshares, Inc. (NASDAQ:CBSH) Upgraded by BidaskClub to “Hold”” was originally reported by American Banking News and is the property of of American Banking News. If you are accessing this piece on another publication, it was illegally copied and republished in violation of U.S. & international trademark and copyright laws. The original version of this piece can be viewed at https://www.americanbankingnews.com/2017/07/09/commerce-bancshares-inc-nasdaqcbsh-upgraded-by-bidaskclub-to-hold.html.

In other Commerce Bancshares news, insider Patricia R. Kellerhals sold 604 shares of the stock in a transaction on Wednesday, April 19th. The stock was sold at an average price of $54.50, for a total transaction of $32,918.00. Following the sale, the insider now owns 5,563 shares of the company’s stock, valued at approximately $303,183.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Charles G. Kim sold 3,712 shares of the stock in a transaction on Friday, April 28th. The shares were sold at an average price of $55.31, for a total value of $205,310.72. Following the sale, the insider now directly owns 80,475 shares in the company, valued at approximately $4,451,072.25. The disclosure for this sale can be found here. Over the last quarter, insiders sold 66,167 shares of company stock worth $3,602,308. Company insiders own 4.30% of the company’s stock.

Several hedge funds have recently bought and sold shares of CBSH. Vanguard Group Inc. boosted its stake in Commerce Bancshares by 10.4% in the first quarter. Vanguard Group Inc. now owns 8,353,057 shares of the financial services provider’s stock worth $469,107,000 after buying an additional 785,218 shares during the last quarter. BlackRock Inc. boosted its stake in Commerce Bancshares by 5,297.5% in the first quarter. BlackRock Inc. now owns 7,509,842 shares of the financial services provider’s stock worth $421,752,000 after buying an additional 7,370,707 shares during the last quarter. FMR LLC boosted its stake in Commerce Bancshares by 4.3% in the fourth quarter. FMR LLC now owns 2,170,574 shares of the financial services provider’s stock worth $125,481,000 after buying an additional 89,912 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Commerce Bancshares by 5.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,288,663 shares of the financial services provider’s stock worth $72,371,000 after buying an additional 61,106 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in Commerce Bancshares by 41.1% in the first quarter. AQR Capital Management LLC now owns 1,233,144 shares of the financial services provider’s stock worth $69,254,000 after buying an additional 359,363 shares during the last quarter. 62.11% of the stock is owned by hedge funds and other institutional investors.

About Commerce Bancshares

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.

Analyst Recommendations for Commerce Bancshares (NASDAQ:CBSH)

Receive News & Ratings for Commerce Bancshares Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Commerce Bancshares Inc. and related companies with MarketBeat.com's FREE daily email newsletter.