Q1 2018 Earnings Estimate for Commerce Bancshares, Inc. Issued By DA Davidson (CBSH)

Commerce Bancshares, Inc. (NASDAQ:CBSH) – Research analysts at DA Davidson upped their Q1 2018 earnings per share (EPS) estimates for shares of Commerce Bancshares in a research note issued on Thursday. DA Davidson analyst J. Rulis now forecasts that the financial services provider will earn $0.79 per share for the quarter, up from their prior forecast of $0.70. DA Davidson also issued estimates for Commerce Bancshares’ Q2 2018 earnings at $0.78 EPS, Q3 2018 earnings at $0.81 EPS, Q4 2018 earnings at $0.82 EPS, FY2018 earnings at $3.20 EPS and FY2019 earnings at $3.40 EPS.

Several other equities research analysts have also recently weighed in on CBSH. Piper Jaffray Companies reiterated a “neutral” rating and issued a $60.00 price objective on shares of Commerce Bancshares in a report on Friday, October 6th. Zacks Investment Research upgraded Commerce Bancshares from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a report on Friday, October 6th. BidaskClub cut Commerce Bancshares from a “sell” rating to a “strong sell” rating in a report on Saturday, December 16th. Finally, Barclays reiterated a “hold” rating and issued a $55.00 price objective on shares of Commerce Bancshares in a report on Sunday, December 24th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $57.13.

Shares of Commerce Bancshares (NASDAQ:CBSH) opened at $59.71 on Monday. Commerce Bancshares has a fifty-two week low of $51.90 and a fifty-two week high of $60.61. The firm has a market capitalization of $6,370.00, a P/E ratio of 20.66, a price-to-earnings-growth ratio of 2.35 and a beta of 0.80.

In other news, insider V Raymond Stranghoener sold 6,399 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $58.40, for a total value of $373,701.60. Following the completion of the transaction, the insider now owns 47,112 shares in the company, valued at approximately $2,751,340.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Vice Chairman Jonathan M. Kemper sold 55,000 shares of Commerce Bancshares stock in a transaction 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 disclosure for this sale can be found here. Company insiders own 4.30% of the company’s stock.

Several institutional investors have recently bought and sold shares of the business. State of Alaska Department of Revenue bought a new stake in shares of Commerce Bancshares in the 4th quarter worth $312,000. McCollum Christoferson Group LLC bought a new stake in shares of Commerce Bancshares in the 4th quarter worth $3,623,000. Schwab Charles Investment Management Inc. increased its holdings in shares of Commerce Bancshares by 11.2% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 564,339 shares of the financial services provider’s stock worth $31,513,000 after purchasing an additional 56,974 shares in the last quarter. Creative Planning increased its holdings in shares of Commerce Bancshares by 3.4% in the 4th quarter. Creative Planning now owns 109,643 shares of the financial services provider’s stock worth $6,122,000 after purchasing an additional 3,610 shares in the last quarter. Finally, Bank of Montreal Can increased its holdings in shares of Commerce Bancshares by 2.5% in the 4th quarter. Bank of Montreal Can now owns 35,974 shares of the financial services provider’s stock worth $2,009,000 after purchasing an additional 866 shares in the last quarter. 59.15% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: “Q1 2018 Earnings Estimate for Commerce Bancshares, Inc. Issued By DA Davidson (CBSH)” was reported by American Banking News and is owned by of American Banking News. If you are reading this piece on another publication, it was illegally copied and republished in violation of US & international trademark and copyright laws. The original version of this piece can be read at https://www.americanbankingnews.com/2018/01/22/q1-2018-earnings-estimate-for-commerce-bancshares-inc-issued-by-da-davidson-cbsh.html.

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.

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

Receive News & Ratings for Commerce Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Commerce Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply