Commerce Bancshares, Inc. (NASDAQ:CBSH) insider Jeffery D. Aberdeen sold 687 shares of the firm’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $59.09, for a total transaction of $40,594.83. Following the sale, the insider now owns 40,232 shares in the company, valued at approximately $2,377,308.88. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Commerce Bancshares, Inc. (CBSH) traded up 0.09% on Thursday, hitting $57.83. 325,844 shares of the company were exchanged. The stock’s 50-day moving average price is $57.03 and its 200-day moving average price is $56.40. The stock has a market capitalization of $5.88 billion, a P/E ratio of 20.96 and a beta of 0.81. Commerce Bancshares, Inc. has a 52-week low of $44.27 and a 52-week high of $60.61.

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

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A number of equities research analysts have commented on the stock. Barclays PLC set a $58.00 target price on shares of Commerce Bancshares and gave the stock a “hold” rating in a research note 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 on the stock in a research note on Monday, July 17th. Stephens reiterated an “equal weight” rating and set a $56.00 price objective (up previously from $52.00) on shares of Commerce Bancshares in a research report on Monday, July 17th. Piper Jaffray Companies reiterated a “hold” rating and set a $52.00 price objective on shares of Commerce Bancshares in a research report on Friday, July 14th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $61.00 price objective on shares of Commerce Bancshares in a research report on Friday, July 14th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $55.00.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Profund Advisors LLC increased its position in Commerce Bancshares by 3.6% in the first quarter. Profund Advisors LLC now owns 15,400 shares of the financial services provider’s stock valued at $865,000 after buying an additional 530 shares in the last quarter. UMB Bank N A MO boosted its stake in shares of Commerce Bancshares by 4.6% in the first quarter. UMB Bank N A MO now owns 188,199 shares of the financial services provider’s stock valued at $10,569,000 after buying an additional 8,346 shares during the last quarter. Speece Thorson Capital Group Inc. boosted its stake in shares of Commerce Bancshares by 2.8% in the first quarter. Speece Thorson Capital Group Inc. now owns 148,016 shares of the financial services provider’s stock valued at $8,313,000 after buying an additional 4,028 shares during the last quarter. Retirement Systems of Alabama boosted its stake in shares of Commerce Bancshares by 7.4% in the first quarter. Retirement Systems of Alabama now owns 223,121 shares of the financial services provider’s stock valued at $12,530,000 after buying an additional 15,286 shares during the last quarter. Finally, DnB Asset Management AS bought a new stake in shares of Commerce Bancshares during the first quarter valued at about $3,477,000. 62.05% of the stock is owned by hedge funds and other institutional investors.

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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