Commerce Bancshares, Inc. (NASDAQ:CBSH) insider V Raymond Stranghoener sold 6,399 shares of the business’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $58.40, for a total transaction of $373,701.60. Following the sale, the insider now directly owns 47,112 shares in the company, valued at approximately $2,751,340.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Commerce Bancshares, Inc. (NASDAQ:CBSH) traded down 1.91% during mid-day trading on Monday, hitting $57.63. 333,090 shares of the company traded hands. The firm’s 50 day moving average price is $56.92 and its 200-day moving average price is $56.13. Commerce Bancshares, Inc. has a 1-year low of $46.57 and a 1-year high of $60.61. The stock has a market capitalization of $5.86 billion, a PE ratio of 20.41 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 Thomson Reuters’ consensus estimate of $0.74 by ($0.03). The company had revenue of $304.83 million for the quarter, compared to analysts’ expectations of $317.28 million. Commerce Bancshares had a net margin of 23.93% and a return on equity of 12.08%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.68 EPS. On average, equities research analysts forecast that Commerce Bancshares, Inc. will post $2.90 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 18th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Wednesday, November 29th. Commerce Bancshares’s dividend payout ratio (DPR) is currently 31.91%.

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Several hedge funds have recently added to or reduced their stakes in the stock. Public Employees Retirement Association of Colorado grew its holdings in shares of Commerce Bancshares by 0.3% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 12,520 shares of the financial services provider’s stock valued at $712,000 after purchasing an additional 42 shares during the last quarter. M&T Bank Corp grew its holdings in shares of Commerce Bancshares by 1.0% during the 2nd quarter. M&T Bank Corp now owns 6,179 shares of the financial services provider’s stock valued at $351,000 after purchasing an additional 62 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in shares of Commerce Bancshares by 1.4% during the 2nd quarter. Teacher Retirement System of Texas now owns 7,354 shares of the financial services provider’s stock valued at $418,000 after purchasing an additional 103 shares during the last quarter. Advisor Group Inc. grew its holdings in shares of Commerce Bancshares by 2.4% during the 2nd quarter. Advisor Group Inc. now owns 5,023 shares of the financial services provider’s stock valued at $250,000 after purchasing an additional 120 shares during the last quarter. Finally, World Asset Management Inc grew its holdings in shares of Commerce Bancshares by 2.8% during the 2nd quarter. World Asset Management Inc now owns 5,568 shares of the financial services provider’s stock valued at $316,000 after purchasing an additional 150 shares during the last quarter. 62.13% of the stock is currently owned by institutional investors.

A number of research firms have weighed in on CBSH. Zacks Investment Research raised shares of Commerce Bancshares from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a research note on Tuesday, September 5th. Raymond James Financial, Inc. reaffirmed an “underperform” rating on shares of Commerce Bancshares in a research note on Thursday, August 10th. Barclays PLC reaffirmed an “equal weight” rating and set a $54.00 target price (down previously from $55.00) on shares of Commerce Bancshares in a research note on Wednesday, July 12th. Jefferies Group LLC reaffirmed a “hold” rating and set a $61.00 target price on shares of Commerce Bancshares in a research note on Friday, July 14th. Finally, Wells Fargo & Company reaffirmed a “market perform” rating and set a $53.00 target price (up previously from $51.00) on shares of Commerce Bancshares in a research note on Friday, July 14th. Five investment analysts have rated the stock with a sell rating and six have given a hold rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $56.63.

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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