Nisa Investment Advisors LLC Sells 1,853 Shares of Commerce Bancshares, Inc. (NASDAQ:CBSH)

Nisa Investment Advisors LLC decreased its position in Commerce Bancshares, Inc. (NASDAQ:CBSH) by 12.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,615 shares of the financial services provider’s stock after selling 1,853 shares during the period. Nisa Investment Advisors LLC’s holdings in Commerce Bancshares were worth $674,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of CBSH. BKM Wealth Management LLC purchased a new position in Commerce Bancshares in the fourth quarter valued at approximately $29,000. Creative Financial Designs Inc. ADV purchased a new position in Commerce Bancshares in the fourth quarter valued at approximately $35,000. PCA Investment Advisory Services Inc. purchased a new position in Commerce Bancshares in the second quarter valued at approximately $38,000. Quantbot Technologies LP purchased a new position in Commerce Bancshares in the second quarter valued at approximately $42,000. Finally, Adirondack Trust Co. purchased a new position in Commerce Bancshares in the third quarter valued at approximately $44,000. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on CBSH. Bank of America initiated coverage on Commerce Bancshares in a research note on Thursday, January 11th. They issued a “neutral” rating and a $55.00 price objective on the stock. Keefe, Bruyette & Woods increased their target price on Commerce Bancshares from $54.00 to $56.00 and gave the stock a “market perform” rating in a research report on Friday, January 19th. Finally, Morgan Stanley increased their target price on Commerce Bancshares from $46.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $53.17.

Commerce Bancshares Stock Performance

Shares of CBSH stock opened at $52.01 on Wednesday. Commerce Bancshares, Inc. has a 52-week low of $40.91 and a 52-week high of $56.75. The company has a market capitalization of $6.76 billion, a PE ratio of 14.33 and a beta of 0.79. The business’s fifty day moving average is $51.92 and its 200 day moving average is $50.90.

Commerce Bancshares (NASDAQ:CBSH) last issued its quarterly earnings data on Tuesday, April 16th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.06. Commerce Bancshares had a return on equity of 17.46% and a net margin of 24.41%. The company had revenue of $397.80 million for the quarter, compared to the consensus estimate of $389.49 million. During the same quarter last year, the business posted $0.90 earnings per share. The firm’s revenue was up 2.2% compared to the same quarter last year. On average, sell-side analysts forecast that Commerce Bancshares, Inc. will post 3.24 EPS for the current fiscal year.

Commerce Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Thursday, March 7th were given a $0.27 dividend. The ex-dividend date was Wednesday, March 6th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.08%. Commerce Bancshares’s dividend payout ratio (DPR) is presently 29.75%.

Insider Buying and Selling

In related news, SVP Douglas D. Neff sold 614 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $50.25, for a total value of $30,853.50. Following the sale, the senior vice president now owns 8,038 shares in the company, valued at $403,909.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, SVP Douglas D. Neff sold 614 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $50.25, for a total value of $30,853.50. Following the sale, the senior vice president now owns 8,038 shares in the company, valued at $403,909.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Robert S. Holmes sold 5,000 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of $52.66, for a total value of $263,300.00. Following the completion of the transaction, the executive vice president now directly owns 50,293 shares in the company, valued at approximately $2,648,429.38. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,321 shares of company stock worth $752,387. Corporate insiders own 3.10% of the company’s stock.

Commerce Bancshares Profile

Commerce Bancshares, Inc operates as the bank holding company for Commerce Bank that provides retail, mortgage banking, corporate, investment, trust, and asset management products and services to individuals and businesses in the United States. It operates through three segments: Consumer, Commercial, and Wealth.