Commerce Bancshares, Inc. (CBSH) VP Sells $62,075.50 in Stock

Commerce Bancshares, Inc. (NASDAQ:CBSH) VP Daniel D. Callahan sold 1,090 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $56.95, for a total value of $62,075.50. Following the sale, the vice president now owns 32,822 shares of the company’s stock, valued at $1,869,212.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Commerce Bancshares, Inc. (NASDAQ CBSH) traded up $1.37 during midday trading on Wednesday, reaching $58.89. The company’s stock had a trading volume of 503,339 shares, compared to its average volume of 478,456. Commerce Bancshares, Inc. has a one year low of $51.90 and a one year high of $60.61. The company has a market capitalization of $6,140.00, a price-to-earnings ratio of 19.90, a P/E/G ratio of 2.14 and a beta of 0.77.

Commerce Bancshares (NASDAQ:CBSH) last posted its 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 business also recently announced a quarterly dividend, which will be paid on Monday, March 26th. Shareholders of record on Friday, March 9th will be issued a dividend of $0.235 per share. This is a positive change from Commerce Bancshares’s previous quarterly dividend of $0.23. This represents a $0.94 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend is Thursday, March 8th. Commerce Bancshares’s dividend payout ratio (DPR) is 31.14%.

Several brokerages recently issued reports on CBSH. BidaskClub upgraded Commerce Bancshares from a “sell” rating to a “hold” rating in a report on Monday, February 5th. Zacks Investment Research lowered Commerce Bancshares from a “buy” rating to a “hold” rating in a report on Tuesday. Barclays reiterated a “hold” rating and set a $63.00 price objective on shares of Commerce Bancshares in a report on Sunday, January 21st. Keefe, Bruyette & Woods reiterated a “sell” rating and set a $54.00 price objective on shares of Commerce Bancshares in a report on Friday, January 19th. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $58.00 price objective on shares of Commerce Bancshares in a report on Tuesday, January 9th. Four equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $57.13.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. raised its holdings in Commerce Bancshares by 6.2% during the fourth quarter. BlackRock Inc. now owns 8,217,981 shares of the financial services provider’s stock valued at $458,894,000 after buying an additional 481,612 shares in the last quarter. Commerce Bank raised its holdings in Commerce Bancshares by 4.6% during the fourth quarter. Commerce Bank now owns 7,369,241 shares of the financial services provider’s stock valued at $411,498,000 after buying an additional 325,364 shares in the last quarter. American Century Companies Inc. grew its position in shares of Commerce Bancshares by 11.3% in the fourth quarter. American Century Companies Inc. now owns 3,643,390 shares of the financial services provider’s stock valued at $203,447,000 after purchasing an additional 369,008 shares during the last quarter. Lazard Asset Management LLC grew its position in shares of Commerce Bancshares by 11.3% in the fourth quarter. Lazard Asset Management LLC now owns 1,637,293 shares of the financial services provider’s stock valued at $91,425,000 after purchasing an additional 165,690 shares during the last quarter. Finally, Schroder Investment Management Group grew its position in shares of Commerce Bancshares by 49.9% in the fourth quarter. Schroder Investment Management Group now owns 1,266,154 shares of the financial services provider’s stock valued at $70,702,000 after purchasing an additional 421,526 shares during the last quarter. Institutional investors own 59.77% 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.

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

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