Wall Street analysts expect that Commerce Bancshares, Inc. (NASDAQ:CBSH) will announce earnings of $0.71 per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Commerce Bancshares’ earnings. The lowest EPS estimate is $0.70 and the highest is $0.73. Commerce Bancshares posted earnings per share of $0.65 during the same quarter last year, which would indicate a positive year over year growth rate of 9.2%. The business is scheduled to report its next earnings results on Wednesday, January 17th.

According to Zacks, analysts expect that Commerce Bancshares will report full-year earnings of $2.77 per share for the current financial year, with EPS estimates ranging from $2.73 to $2.79. For the next financial year, analysts expect that the firm will post earnings of $2.92 per share, with EPS estimates ranging from $2.86 to $3.00. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Commerce Bancshares.

Commerce Bancshares (NASDAQ:CBSH) last issued its quarterly earnings data on Thursday, October 12th. The financial services provider reported $0.71 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.03). The business had revenue of $304.83 million during the quarter, compared to the consensus estimate of $317.28 million. Commerce Bancshares had a return on equity of 12.08% and a net margin of 23.93%. Commerce Bancshares’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.68 earnings per share.

CBSH has been the topic of several research reports. Zacks Investment Research lowered Commerce Bancshares from a “buy” rating to a “hold” rating in a research report on Monday, September 18th. Jefferies Group restated a “hold” rating and set a $61.00 price target on shares of Commerce Bancshares in a research report on Friday, August 11th. Raymond James Financial restated an “underperform” rating on shares of Commerce Bancshares in a research report on Thursday, August 10th. UBS lowered Commerce Bancshares to an “underperform” rating in a research report on Thursday, August 10th. Finally, Piper Jaffray Companies restated a “neutral” rating and set a $60.00 price target on shares of Commerce Bancshares in a research report on Friday, October 6th. Five analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. Commerce Bancshares currently has a consensus rating of “Hold” and a consensus target price of $56.63.

Shares of Commerce Bancshares (NASDAQ CBSH) opened at $56.65 on Friday. The firm has a market capitalization of $6,050.00, a P/E ratio of 21.08, a PEG ratio of 3.30 and a beta of 0.79. Commerce Bancshares has a 1 year low of $49.43 and a 1 year high of $57.72. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.68 and a quick ratio of 0.68.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Investors of record on Thursday, November 30th will be given a dividend of $0.225 per share. The ex-dividend date is Wednesday, November 29th. This represents a $0.90 annualized dividend and a dividend yield of 1.59%. Commerce Bancshares’s dividend payout ratio is presently 33.58%.

In related news, insider V Raymond Stranghoener sold 6,399 shares of Commerce Bancshares stock in a transaction that occurred 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 $2,751,340.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 4.30% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in Commerce Bancshares by 2.9% during the second quarter. Vanguard Group Inc. now owns 8,599,122 shares of the financial services provider’s stock valued at $488,688,000 after buying an additional 246,065 shares during the last quarter. BlackRock Inc. raised its stake in Commerce Bancshares by 1.1% during the second quarter. BlackRock Inc. now owns 7,591,937 shares of the financial services provider’s stock valued at $431,451,000 after buying an additional 82,095 shares during the last quarter. FMR LLC raised its stake in Commerce Bancshares by 2.0% during the second quarter. FMR LLC now owns 2,029,867 shares of the financial services provider’s stock valued at $115,357,000 after buying an additional 40,600 shares during the last quarter. Lazard Asset Management LLC raised its stake in Commerce Bancshares by 27.1% during the second quarter. Lazard Asset Management LLC now owns 1,448,515 shares of the financial services provider’s stock valued at $82,318,000 after buying an additional 308,460 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Commerce Bancshares by 3.4% during the third quarter. Bank of New York Mellon Corp now owns 1,083,851 shares of the financial services provider’s stock valued at $62,613,000 after buying an additional 35,361 shares during the last quarter. Institutional investors and hedge funds own 69.05% of the company’s stock.

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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.

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Earnings History and Estimates for Commerce Bancshares (NASDAQ:CBSH)

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