Commerce Bancshares Inc. (NASDAQ:CBSH) is set to announce its earnings results on Friday, October 14th. Analysts expect the company to announce earnings of $0.70 per share for the quarter.

Commerce Bancshares (NASDAQ:CBSH) last released its quarterly earnings results on Wednesday, July 13th. The financial services provider reported $0.70 EPS for the quarter, topping the consensus estimate of $0.68 by $0.02. Commerce Bancshares had a return on equity of 11.58% and a net margin of 23.03%. The business earned $288.40 million during the quarter, compared to analyst estimates of $295.65 million. During the same period last year, the business posted $0.71 earnings per share. The company’s quarterly revenue was up 3.9% on a year-over-year basis. On average, analysts expect Commerce Bancshares to post $2.77 EPS for the current fiscal year and $2.91 EPS for the next fiscal year.

Earnings History for Commerce Bancshares (NASDAQ:CBSH)

Commerce Bancshares Inc. (NASDAQ:CBSH) opened at 50.40 on Thursday. The stock’s 50 day moving average price is $49.58 and its 200 day moving average price is $47.83. The stock has a market capitalization of $4.87 billion, a price-to-earnings ratio of 19.31 and a beta of 0.74. Commerce Bancshares Inc. has a 52-week low of $37.44 and a 52-week high of $51.30.

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 26th. Investors of record on Friday, September 9th were given a dividend of $0.225 per share. The ex-dividend date was Wednesday, September 7th. This represents a $0.90 annualized dividend and a dividend yield of 1.79%. Commerce Bancshares’s dividend payout ratio is currently 34.50%.

In other Commerce Bancshares news, CEO David W. Kemper sold 40,000 shares of the business’s stock in a transaction on Friday, July 15th. The stock was sold at an average price of $48.86, for a total value of $1,954,400.00. Following the completion of the transaction, the chief executive officer now directly owns 1,316,068 shares in the company, valued at approximately $64,303,082.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman David W. Kemper sold 50,000 shares of the business’s stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $49.26, for a total value of $2,463,000.00. Following the completion of the transaction, the chairman now owns 1,226,068 shares of the company’s stock, valued at $60,396,109.68. The disclosure for this sale can be found here. 4.60% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Pacad Investment Ltd. bought a new stake in shares of Commerce Bancshares during the second quarter valued at about $120,000. WFG Advisors LP boosted its stake in shares of Commerce Bancshares by 0.5% in the second quarter. WFG Advisors LP now owns 3,725 shares of the financial services provider’s stock valued at $178,000 after buying an additional 20 shares in the last quarter. Advisor Group Inc. bought a new stake in shares of Commerce Bancshares during the second quarter valued at about $183,000. OMERS ADMINISTRATION Corp bought a new stake in shares of Commerce Bancshares during the second quarter valued at about $201,000. Finally, Citigroup Inc. boosted its stake in shares of Commerce Bancshares by 20.0% in the second quarter. Citigroup Inc. now owns 7,137 shares of the financial services provider’s stock valued at $342,000 after buying an additional 1,188 shares in the last quarter. Institutional investors own 60.86% of the company’s stock.

Several research analysts recently issued reports on CBSH shares. Zacks Investment Research upgraded Commerce Bancshares from a “sell” rating to a “hold” rating in a research report on Monday, September 26th. Morgan Stanley downgraded Commerce Bancshares from an “equal weight” rating to an “underweight” rating and set a $45.00 price objective for the company. in a research report on Tuesday, September 20th. Jefferies Group restated a “hold” rating and set a $48.00 price objective on shares of Commerce Bancshares in a research report on Thursday, July 7th. Barclays PLC lifted their price objective on Commerce Bancshares from $45.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Finally, Piper Jaffray Cos. started coverage on Commerce Bancshares in a research report on Monday, July 11th. They set a “neutral” rating and a $43.50 price objective for the company. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $45.75.

Commerce Bancshares Company Profile

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, corporate, investment, trust and asset management products and services to individuals and businesses. The Company operates through three segments: Consumer, Commercial and Wealth.

5 Day Chart for NASDAQ:CBSH

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