Commerce Bancshares, Inc. (NASDAQ:CBSH) Vice Chairman Jonathan M. Kemper sold 55,000 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $55.06, for a total value of $3,028,300.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Commerce Bancshares, Inc. (NASDAQ:CBSH) traded up $0.35 during trading on Wednesday, hitting $55.36. 309,800 shares of the stock traded hands, compared to its average volume of 389,878. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.04. Commerce Bancshares, Inc. has a 1 year low of $51.90 and a 1 year high of $60.61. The company has a market capitalization of $5,870.36, a P/E ratio of 20.48, a PEG ratio of 3.20 and a beta of 0.80.

Commerce Bancshares (NASDAQ:CBSH) last posted its quarterly earnings results 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 the consensus estimate of $317.28 million. Commerce Bancshares had a net margin of 23.93% and a return on equity of 12.08%. The business’s revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.68 EPS. research analysts expect that Commerce Bancshares, Inc. will post 2.77 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 18th. Investors of record on Thursday, November 30th will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Wednesday, November 29th. Commerce Bancshares’s dividend payout ratio (DPR) is 33.51%.

Several research firms have recently weighed in on CBSH. Zacks Investment Research downgraded shares of Commerce Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday. Piper Jaffray Companies reaffirmed a “neutral” rating and set a $60.00 price target on shares of Commerce Bancshares in a research note on Friday, October 6th. Finally, Keefe, Bruyette & Woods reaffirmed a “sell” rating and set a $51.00 price target on shares of Commerce Bancshares in a research note on Friday, September 15th. Six equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The company has an average rating of “Sell” and an average target price of $56.63.

A number of large investors have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC bought a new position in Commerce Bancshares in the third quarter worth approximately $452,000. GSA Capital Partners LLP bought a new position in Commerce Bancshares in the third quarter worth approximately $283,000. Archford Capital Strategies LLC raised its stake in Commerce Bancshares by 25.3% in the third quarter. Archford Capital Strategies LLC now owns 5,003 shares of the financial services provider’s stock worth $289,000 after buying an additional 1,011 shares in the last quarter. Walthausen & Co. LLC raised its stake in Commerce Bancshares by 11.7% in the third quarter. Walthausen & Co. LLC now owns 115,575 shares of the financial services provider’s stock worth $6,677,000 after buying an additional 12,070 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in Commerce Bancshares in the third quarter worth approximately $1,106,000. 59.15% of the stock is owned by institutional investors.

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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.

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

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