Entropy Technologies LP Grows Stock Position in Commerce Bancshares, Inc. $CBSH

Entropy Technologies LP increased its position in shares of Commerce Bancshares, Inc. (NASDAQ:CBSH) by 18.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 62,809 shares of the financial services provider’s stock after purchasing an additional 9,563 shares during the quarter. Entropy Technologies LP’s holdings in Commerce Bancshares were worth $3,287,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Daytona Street Capital LLC purchased a new stake in shares of Commerce Bancshares during the 4th quarter valued at approximately $25,000. Danske Bank A S purchased a new stake in shares of Commerce Bancshares during the 3rd quarter valued at approximately $25,000. Geneos Wealth Management Inc. raised its position in shares of Commerce Bancshares by 85.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 469 shares of the financial services provider’s stock valued at $29,000 after buying an additional 216 shares during the period. Laurel Wealth Advisors LLC purchased a new stake in shares of Commerce Bancshares during the 4th quarter valued at approximately $34,000. Finally, Rothschild Investment LLC raised its position in shares of Commerce Bancshares by 3,820.0% during the 3rd quarter. Rothschild Investment LLC now owns 588 shares of the financial services provider’s stock valued at $35,000 after buying an additional 573 shares during the period. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Commerce Bancshares Price Performance

Shares of NASDAQ CBSH opened at $55.82 on Monday. The firm has a market cap of $8.14 billion, a price-to-earnings ratio of 13.39, a PEG ratio of 3.79 and a beta of 0.60. Commerce Bancshares, Inc. has a 52-week low of $46.99 and a 52-week high of $63.19. The business’s 50 day moving average is $51.70 and its two-hundred day moving average is $51.97.

Commerce Bancshares (NASDAQ:CBSH) last posted its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.02. Commerce Bancshares had a return on equity of 14.78% and a net margin of 26.37%.The business had revenue of $475.69 million for the quarter, compared to analyst estimates of $481.94 million. During the same quarter in the prior year, the company earned $0.98 earnings per share. The company’s revenue was up 11.1% on a year-over-year basis. Analysts anticipate that Commerce Bancshares, Inc. will post 4.12 EPS for the current fiscal year.

Commerce Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Friday, June 5th will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.0%. Commerce Bancshares’s dividend payout ratio is currently 26.38%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. TD Cowen reaffirmed a “hold” rating and set a $54.00 price target (up from $53.00) on shares of Commerce Bancshares in a research report on Thursday, April 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Commerce Bancshares in a research report on Friday, March 27th. Wall Street Zen lowered Commerce Bancshares from a “hold” rating to a “sell” rating in a research report on Saturday. Zacks Research raised Commerce Bancshares from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Finally, Morgan Stanley cut their target price on Commerce Bancshares from $67.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Monday, March 2nd. One equities research analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $59.30.

Commerce Bancshares Company Profile

Commerce Bancshares, Inc is a bank holding company primarily engaged in providing a broad range of banking and financial services across the Midwest. Through its principal subsidiary, Commerce Bank, the company offers commercial and consumer banking, treasury management, trust and wealth advisory, and mortgage lending. Its diversified product suite includes deposit and loan products, cash management solutions, capital markets services, and private banking designed to meet the needs of individuals, small businesses, and large corporations.

The company’s commercial banking group delivers tailored credit facilities, equipment and inventory financing, asset-based lending, and merchant services.