Commerce Bancshares, Inc. (NASDAQ:CBSH) Chairman David W. Kemper sold 10,132 shares of the business’s stock in a transaction on Friday, July 21st. The shares were sold at an average price of $57.83, for a total transaction of $585,933.56. Following the transaction, the chairman now owns 1,270,757 shares of the company’s stock, valued at $73,487,877.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Commerce Bancshares, Inc. (CBSH) traded up 0.99% on Monday, hitting $58.19. 246,885 shares of the company’s stock were exchanged. The stock has a market cap of $5.91 billion, a price-to-earnings ratio of 21.09 and a beta of 0.81. The company’s 50-day moving average price is $56.59 and its 200 day moving average price is $56.39. Commerce Bancshares, Inc. has a 12-month low of $44.27 and a 12-month high of $60.61.

Commerce Bancshares (NASDAQ:CBSH) last posted its earnings results on Thursday, July 13th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.05. The company had revenue of $305.89 million during the quarter, compared to analyst estimates of $309.44 million. Commerce Bancshares had a return on equity of 12.01% and a net margin of 23.79%. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.70 EPS. On average, equities analysts predict that Commerce Bancshares, Inc. will post $2.94 earnings per share for the current fiscal year.

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A number of research firms recently issued reports on CBSH. Barclays PLC set a $58.00 target price on shares of Commerce Bancshares and gave the company a “hold” rating in a research report on Sunday, July 16th. Zacks Investment Research upgraded shares of Commerce Bancshares from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a research report on Monday, July 17th. Stephens restated an “equal weight” rating and set a $56.00 target price (up from $52.00) on shares of Commerce Bancshares in a research report on Monday, July 17th. Piper Jaffray Companies restated a “hold” rating and set a $52.00 target price on shares of Commerce Bancshares in a research report on Friday, July 14th. Finally, Jefferies Group LLC restated a “hold” rating and set a $61.00 target price on shares of Commerce Bancshares in a research report on Friday, July 14th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $55.00.

Several institutional investors have recently bought and sold shares of the company. Citizens Financial Group Inc. RI bought a new position in Commerce Bancshares during the first quarter valued at about $119,000. Mosaic Family Wealth LLC raised its position 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 valued at $175,000 after buying an additional 89 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Commerce Bancshares by 67.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 3,173 shares of the financial services provider’s stock valued at $185,000 after buying an additional 1,273 shares during the last quarter. Tudor Investment Corp Et Al bought a new position in Commerce Bancshares during the fourth quarter valued at about $206,000. Finally, WFG Advisors LP raised its position 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 valued at $221,000 after buying an additional 109 shares during the last quarter. Institutional investors own 62.05% of the company’s stock.

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.

Insider Buying and Selling by Quarter for Commerce Bancshares (NASDAQ:CBSH)

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