Commerce Bancshares (CBSH) EVP Sells $93,162.88 in Stock

Commerce Bancshares (NASDAQ:CBSH) EVP Sara E. Foster sold 1,472 shares of the business’s stock in a transaction dated Wednesday, April 18th. The shares were sold at an average price of $63.29, for a total transaction of $93,162.88. Following the completion of the sale, the executive vice president now directly owns 45,299 shares of the company’s stock, valued at $2,866,973.71. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of CBSH opened at $63.89 on Friday. Commerce Bancshares has a fifty-two week low of $51.90 and a fifty-two week high of $64.21. The company has a market capitalization of $6,811.82, a PE ratio of 20.94, a price-to-earnings-growth ratio of 2.23 and a beta of 0.69.

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Commerce Bancshares (NASDAQ:CBSH) last posted its quarterly earnings data on Thursday, January 18th. The financial services provider reported $0.74 EPS for the quarter, topping the consensus estimate of $0.71 by $0.03. The firm had revenue of $314.22 million during the quarter, compared to analyst estimates of $312.98 million. Commerce Bancshares had a net margin of 27.16% and a return on equity of 13.21%. research analysts expect that Commerce Bancshares will post 3.61 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 25th. Investors of record on Friday, June 8th will be paid a dividend of $0.235 per share. The ex-dividend date of this dividend is Thursday, June 7th. This represents a $0.94 annualized dividend and a dividend yield of 1.47%. Commerce Bancshares’s dividend payout ratio (DPR) is presently 33.94%.

CBSH has been the subject of several research reports. ValuEngine raised shares of Commerce Bancshares from a “hold” rating to a “buy” rating in a research report on Friday, March 23rd. BidaskClub cut shares of Commerce Bancshares from a “hold” rating to a “sell” rating in a research report on Tuesday, January 30th. Zacks Investment Research raised shares of Commerce Bancshares from a “hold” rating to a “buy” rating and set a $63.00 price target for the company in a research report on Monday, January 8th. Keefe, Bruyette & Woods raised shares of Commerce Bancshares from an “underperform” rating to a “market perform” rating and upped their price target for the stock from $54.00 to $60.00 in a research report on Tuesday, February 27th. Finally, Barclays lowered their price target on shares of Commerce Bancshares from $63.00 to $58.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 11th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company’s stock. Commerce Bancshares currently has a consensus rating of “Hold” and a consensus price target of $60.33.

Several hedge funds and other institutional investors have recently bought and sold shares of CBSH. BlackRock Inc. raised its stake in shares of Commerce Bancshares by 6.2% during the 4th quarter. BlackRock Inc. now owns 8,217,981 shares of the financial services provider’s stock worth $458,894,000 after acquiring an additional 481,612 shares in the last quarter. Schroder Investment Management Group raised its stake in shares of Commerce Bancshares by 49.9% during the 4th quarter. Schroder Investment Management Group now owns 1,266,154 shares of the financial services provider’s stock worth $70,702,000 after acquiring an additional 421,526 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Commerce Bancshares by 11.3% during the 4th quarter. American Century Companies Inc. now owns 3,643,390 shares of the financial services provider’s stock worth $203,447,000 after acquiring an additional 369,008 shares in the last quarter. Commerce Bank raised its stake in shares of Commerce Bancshares by 4.6% during the 4th quarter. Commerce Bank now owns 7,369,241 shares of the financial services provider’s stock worth $411,498,000 after acquiring an additional 325,364 shares in the last quarter. Finally, Lazard Asset Management LLC raised its stake in shares of Commerce Bancshares by 11.3% during the 4th quarter. Lazard Asset Management LLC now owns 1,637,293 shares of the financial services provider’s stock worth $91,425,000 after acquiring an additional 165,690 shares in the last quarter. Hedge funds and other institutional investors own 62.76% of the company’s stock.

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Commerce Bancshares Company Profile

Commerce Bancshares, Inc operates as the holding company for Commerce Bank that provides retail, mortgage banking, corporate, investment, trust, and asset management products and services to individuals and businesses. It operates through three segments: Consumer, Commercial, and Wealth. The Consumer segment offers various banking products and services, including consumer deposits; consumer loans, such as automobile, motorcycle, marine, tractor/trailer, recreational vehicle, fixed rate and revolving home equity, and other consumer loans; patient health care financing; real estate loans; indirect and other consumer financing; personal mortgage banking; consumer installment lending; and consumer debit and credit bank cards, as well as provides online, mobile, and telephone banking services.

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

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