Commerce Bancshares, Inc. (NASDAQ:CBSH – Get Free Report) has earned a consensus recommendation of “Hold” from the six analysts that are currently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $63.20.
A number of equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods dropped their target price on shares of Commerce Bancshares from $74.00 to $70.00 and set a “market perform” rating for the company in a report on Thursday, April 17th. Morgan Stanley raised shares of Commerce Bancshares from an “underweight” rating to an “equal weight” rating and dropped their target price for the stock from $66.00 to $58.00 in a report on Monday, April 7th. Wells Fargo & Company dropped their target price on shares of Commerce Bancshares from $70.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday, April 9th. Piper Sandler increased their target price on shares of Commerce Bancshares from $65.00 to $66.00 and gave the stock a “neutral” rating in a report on Thursday, April 17th. Finally, Wall Street Zen cut shares of Commerce Bancshares from a “hold” rating to a “sell” rating in a report on Wednesday, May 21st.
Get Our Latest Analysis on Commerce Bancshares
Insider Activity at Commerce Bancshares
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in CBSH. Kapitalo Investimentos Ltda bought a new position in Commerce Bancshares during the 4th quarter worth approximately $26,000. Smartleaf Asset Management LLC raised its holdings in Commerce Bancshares by 191.0% during the 1st quarter. Smartleaf Asset Management LLC now owns 451 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 296 shares during the last quarter. IMA Advisory Services Inc. bought a new position in Commerce Bancshares during the 1st quarter worth approximately $29,000. Geneos Wealth Management Inc. raised its holdings in Commerce Bancshares by 85.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 469 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 216 shares during the last quarter. Finally, CoreFirst Bank & Trust bought a new position in Commerce Bancshares during the 4th quarter worth approximately $33,000. Institutional investors own 70.26% of the company’s stock.
Commerce Bancshares Stock Down 2.2%
Shares of Commerce Bancshares stock opened at $60.68 on Friday. The company has a market capitalization of $8.10 billion, a price-to-earnings ratio of 15.13, a PEG ratio of 2.13 and a beta of 0.60. Commerce Bancshares has a 12-month low of $50.06 and a 12-month high of $72.75. The firm’s 50-day moving average price is $61.90 and its two-hundred day moving average price is $63.39.
Commerce Bancshares (NASDAQ:CBSH – Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. The firm had revenue of $428.05 million for the quarter, compared to the consensus estimate of $417.85 million. Commerce Bancshares had a net margin of 25.24% and a return on equity of 16.31%. On average, sell-side analysts expect that Commerce Bancshares will post 3.94 earnings per share for the current year.
Commerce Bancshares Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Friday, June 6th will be issued a $0.275 dividend. The ex-dividend date is Friday, June 6th. This represents a $1.10 dividend on an annualized basis and a yield of 1.81%. Commerce Bancshares’s dividend payout ratio (DPR) is presently 26.63%.
Commerce Bancshares Company 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.
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