Commerce Bancshares, Inc. (CBSH) Insider John W. Kemper Sells 78,359 Shares

Commerce Bancshares, Inc. (NASDAQ:CBSH) insider John W. Kemper sold 78,359 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $57.45, for a total value of $4,501,724.55. Following the completion of the transaction, the insider now owns 1,284,021 shares in the company, valued at $73,767,006.45. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Commerce Bancshares, Inc. (CBSH) traded up $0.02 on Friday, hitting $55.97. The stock had a trading volume of 134,961 shares, compared to its average volume of 473,831. Commerce Bancshares, Inc. has a 52-week low of $51.90 and a 52-week high of $60.61. The stock has a market capitalization of $6,127.16, a PE ratio of 19.39, a PEG ratio of 2.16 and a beta of 0.77.

Commerce Bancshares (NASDAQ:CBSH) last released its quarterly earnings results on Thursday, January 18th. The financial services provider reported $0.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.03. Commerce Bancshares had a return on equity of 12.22% and a net margin of 25.27%. The company had revenue of $314.22 million for the quarter, compared to analyst estimates of $312.98 million. equities analysts anticipate that Commerce Bancshares, Inc. will post 3.36 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, March 26th. Investors of record on Friday, March 9th will be given a dividend of $0.235 per share. The ex-dividend date of this dividend is Thursday, March 8th. This is a positive change from Commerce Bancshares’s previous quarterly dividend of $0.23. This represents a $0.94 annualized dividend and a dividend yield of 1.68%. Commerce Bancshares’s payout ratio is currently 31.05%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CBSH. Suntrust Banks Inc. boosted its position in shares of Commerce Bancshares by 35.3% during the second quarter. Suntrust Banks Inc. now owns 7,793 shares of the financial services provider’s stock valued at $442,000 after purchasing an additional 2,035 shares in the last quarter. Advisor Group Inc. boosted its position in shares of Commerce Bancshares by 2.4% during the second 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 in the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of Commerce Bancshares by 7.3% during the second quarter. Parametric Portfolio Associates LLC now owns 199,758 shares of the financial services provider’s stock valued at $11,352,000 after purchasing an additional 13,643 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its position in shares of Commerce Bancshares by 3.7% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 16,605 shares of the financial services provider’s stock valued at $944,000 after purchasing an additional 600 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Commerce Bancshares by 5.0% during the second quarter. Dimensional Fund Advisors LP now owns 924,115 shares of the financial services provider’s stock valued at $52,520,000 after purchasing an additional 43,967 shares in the last quarter. Institutional investors own 59.55% of the company’s stock.

A number of equities analysts have commented on the company. BidaskClub raised Commerce Bancshares from a “sell” rating to a “hold” rating in a research note on Monday. Barclays reaffirmed a “hold” rating and issued a $63.00 price target on shares of Commerce Bancshares in a research note on Sunday, January 21st. Keefe, Bruyette & Woods reissued a “sell” rating and set a $54.00 target price on shares of Commerce Bancshares in a research note on Friday, January 19th. Piper Jaffray Companies reissued a “hold” rating and set a $58.00 target price on shares of Commerce Bancshares in a research note on Tuesday, January 9th. Finally, Zacks Investment Research raised Commerce Bancshares from a “hold” rating to a “buy” rating and set a $63.00 target price on the stock in a research note on Monday, January 8th. 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. Commerce Bancshares has an average rating of “Hold” and a consensus target price of $57.13.

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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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