Commerce Bancshares Inc. (NASDAQ:CBSH) – Stock analysts at FIG Partners issued their FY2018 earnings per share estimates for Commerce Bancshares in a research report issued to clients and investors on Monday. FIG Partners analyst J. Rodis expects that the brokerage will post earnings per share of $3.12 for the year.

Commerce Bancshares (NASDAQ:CBSH) last announced its earnings results on Friday, October 14th. The financial services provider reported $0.68 EPS for the quarter, missing the Zacks’ consensus estimate of $0.70 by $0.02. Commerce Bancshares had a return on equity of 11.52% and a net margin of 23.01%. The company earned $290.60 million during the quarter. During the same quarter in the prior year, the company posted $0.63 earnings per share. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year.

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Earnings History and Estimates for Commerce Bancshares (NASDAQ:CBSH)

Other equities research analysts have also issued reports about the stock. Barclays PLC boosted their price objective on shares of Commerce Bancshares from $45.00 to $48.00 and gave the company an “equal weight” rating in a report on Tuesday, October 11th. Zacks Investment Research raised shares of Commerce Bancshares from a “sell” rating to a “hold” rating in a report on Thursday, October 13th. Jefferies Group restated a “hold” rating on shares of Commerce Bancshares in a research report on Thursday, August 18th. Finally, Morgan Stanley downgraded shares of Commerce Bancshares from an “equal weight” rating to an “underweight” rating and set a $45.00 target price for the company. in a research report on Tuesday, September 20th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. Commerce Bancshares presently has an average rating of “Hold” and an average target price of $45.75.

Shares of Commerce Bancshares (NASDAQ:CBSH) traded up 0.58% during trading on Tuesday, reaching $57.50. The company had a trading volume of 331,514 shares. Commerce Bancshares has a 1-year low of $37.44 and a 1-year high of $58.21. The company’s 50 day moving average is $52.15 and its 200-day moving average is $49.33. The stock has a market capitalization of $5.55 billion, a price-to-earnings ratio of 21.63 and a beta of 0.66.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 19th. Shareholders of record on Friday, December 2nd will be given a $0.225 dividend. The ex-dividend date of this dividend is Wednesday, November 30th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.57%. Commerce Bancshares’s dividend payout ratio (DPR) is currently 33.83%.

In other news, Vice Chairman Jonathan M. Kemper sold 50,000 shares of the business’s stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $50.07, for a total transaction of $2,503,500.00. Following the completion of the sale, the insider now owns 1,192,407 shares of the company’s stock, valued at $59,703,818.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Charles G. Kim sold 7,804 shares of the business’s stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $57.76, for a total transaction of $450,759.04. Following the sale, the insider now directly owns 111,431 shares of the company’s stock, valued at approximately $6,436,254.56. The disclosure for this sale can be found here. 4.60% of the stock is currently owned by company insiders.

WARNING: This article was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this article on another publication, it was illegally copied and reposted in violation of US and international copyright & trademark law. The correct version of this article can be viewed at https://www.thecerbatgem.com/2016/11/29/commerce-bancshares-inc-cbsh-to-post-fy2018-earnings-of-3-12-per-share-fig-partners-forecasts.html.

Several hedge funds have recently added to or reduced their stakes in CBSH. WFG Advisors LP boosted its stake in Commerce Bancshares by 0.5% in the second quarter. WFG Advisors LP now owns 3,725 shares of the financial services provider’s stock worth $178,000 after buying an additional 20 shares in the last quarter. Capstone Asset Management Co. boosted its stake in Commerce Bancshares by 1.0% in the third quarter. Capstone Asset Management Co. now owns 6,804 shares of the financial services provider’s stock worth $335,000 after buying an additional 69 shares in the last quarter. State Treasurer State of Michigan boosted its stake in Commerce Bancshares by 0.3% in the third quarter. State Treasurer State of Michigan now owns 33,468 shares of the financial services provider’s stock worth $1,649,000 after buying an additional 100 shares in the last quarter. Brown Advisory Inc. boosted its stake in Commerce Bancshares by 0.3% in the second quarter. Brown Advisory Inc. now owns 49,592 shares of the financial services provider’s stock worth $2,375,000 after buying an additional 136 shares in the last quarter. Finally, Dean Investment Associates LLC boosted its stake in Commerce Bancshares by 1.3% in the third quarter. Dean Investment Associates LLC now owns 11,996 shares of the financial services provider’s stock worth $591,000 after buying an additional 153 shares in the last quarter. 61.41% of the stock is owned by institutional investors and hedge funds.

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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