Commerce Bancshares, Inc. (NASDAQ:CBSH) has been given an average recommendation of “Hold” by the eleven brokerages that are currently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a sell rating and six have given a hold rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $55.43.

CBSH has been the subject of several research reports. Zacks Investment Research raised Commerce Bancshares from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a research report on Monday, July 17th. Stephens reissued an “equal weight” rating and issued a $56.00 price objective (up from $52.00) on shares of Commerce Bancshares in a research report on Monday, July 17th. Barclays PLC reissued an “equal weight” rating and issued a $54.00 price objective (down from $55.00) on shares of Commerce Bancshares in a research report on Wednesday, July 12th. BidaskClub raised Commerce Bancshares from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $52.00 target price on shares of Commerce Bancshares in a research report on Friday, July 14th.

In related news, Chairman David W. Kemper sold 10,132 shares of the firm’s stock in a transaction on Friday, July 21st. The stock was sold at an average price of $57.83, for a total value of $585,933.56. Following the completion of the transaction, the chairman now directly owns 1,270,757 shares of the company’s stock, valued at $73,487,877.31. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John R. Capps sold 10,000 shares of the firm’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $54.82, for a total value of $548,200.00. Following the completion of the transaction, the director now directly owns 12,828 shares of the company’s stock, valued at $703,230.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,819 shares of company stock valued at $1,174,728. 4.30% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement Association of Colorado raised its stake in Commerce Bancshares by 0.3% during the second quarter. Public Employees Retirement Association of Colorado now owns 12,520 shares of the financial services provider’s stock worth $712,000 after acquiring an additional 42 shares in the last quarter. M&T Bank Corp raised its stake in Commerce Bancshares by 1.0% during the second quarter. M&T Bank Corp now owns 6,179 shares of the financial services provider’s stock worth $351,000 after acquiring an additional 62 shares in the last quarter. Teacher Retirement System of Texas raised its stake in Commerce Bancshares by 1.4% during the second quarter. Teacher Retirement System of Texas now owns 7,354 shares of the financial services provider’s stock worth $418,000 after acquiring an additional 103 shares in the last quarter. Advisor Group Inc. raised its stake in Commerce Bancshares by 2.4% during the second quarter. Advisor Group Inc. now owns 5,023 shares of the financial services provider’s stock worth $250,000 after acquiring an additional 120 shares in the last quarter. Finally, World Asset Management Inc raised its stake in Commerce Bancshares by 2.8% during the second quarter. World Asset Management Inc now owns 5,568 shares of the financial services provider’s stock worth $316,000 after acquiring an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 62.20% of the company’s stock.

Shares of Commerce Bancshares (NASDAQ:CBSH) traded down 2.3469% during mid-day trading on Thursday, hitting $56.7267. 448,281 shares of the company were exchanged. Commerce Bancshares has a 12-month low of $45.37 and a 12-month high of $60.61. The stock’s 50-day moving average price is $55.92 and its 200 day moving average price is $55.96. The stock has a market cap of $5.76 billion, a PE ratio of 20.5532 and a beta of 0.83.

Commerce Bancshares (NASDAQ:CBSH) last posted its quarterly earnings data on Thursday, October 12th. The financial services provider reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.03). Commerce Bancshares had a net margin of 23.79% and a return on equity of 12.01%. The business had revenue of $304.83 million during the quarter, compared to the consensus estimate of $317.28 million. During the same period in the prior year, the company posted $0.68 earnings per share. The firm’s revenue was up 4.9% compared to the same quarter last year. On average, equities analysts anticipate that Commerce Bancshares will post $2.93 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, September 25th. Investors of record on Friday, September 8th were given a $0.225 dividend. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $0.90 annualized dividend and a yield of 1.55%. Commerce Bancshares’s dividend payout ratio (DPR) is currently 32.64%.

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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)

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