Commerce Bancshares (CBSH) Receiving Somewhat Positive Press Coverage, Accern Reports
Media stories about Commerce Bancshares (NASDAQ:CBSH) have trended somewhat positive on Monday, Accern reports. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Commerce Bancshares earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 45.9809212535848 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Commerce Bancshares, Inc. (CBSH) Rating Lowered to Hold at Zacks Investment Research (americanbankingnews.com)
- Commerce Bancshares, Inc. (CBSH) Given Consensus Recommendation of “Hold” by Analysts (americanbankingnews.com)
- Commerce Bancshares, Inc. (Missouri) – Value Analysis (NASDAQ:CBSH) : August 21, 2017 (finance.yahoo.com)
- Commerce Bancshares, Inc. (NASDAQ:CBSH) Closed Much Lower Than Its 50 Day Average (highlightpress.com)
- Commerce Bancshares, Inc. (CBSH) Upgraded to “Buy” by Zacks Investment Research (americanbankingnews.com)
Shares of Commerce Bancshares (NASDAQ CBSH) opened at 55.03 on Monday. The firm has a 50-day moving average of $56.86 and a 200 day moving average of $56.39. The company has a market cap of $5.59 billion, a price-to-earnings ratio of 19.94 and a beta of 0.81. Commerce Bancshares has a 12 month low of $45.37 and a 12 month high of $60.61.
Commerce Bancshares (NASDAQ:CBSH) last released its quarterly earnings results on Thursday, July 13th. The financial services provider reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.05. The company had revenue of $305.89 million for the quarter, compared to analyst estimates of $309.44 million. Commerce Bancshares had a net margin of 23.79% and a return on equity of 12.01%. The firm’s revenue was up 6.1% on a year-over-year basis. During the same period last year, the firm earned $0.70 earnings per share. On average, analysts expect that Commerce Bancshares will post $2.94 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Friday, September 8th will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Thursday, September 7th. Commerce Bancshares’s dividend payout ratio (DPR) is currently 32.64%.
Several equities analysts recently commented on CBSH shares. Zacks Investment Research raised shares of Commerce Bancshares from a “sell” rating to a “hold” rating in a research note on Monday, July 10th. Piper Jaffray Companies reiterated a “hold” rating and set a $52.00 price objective on shares of Commerce Bancshares in a research report on Friday, July 14th. Stephens reiterated an “equal weight” rating and set a $56.00 price objective (up from $52.00) on shares of Commerce Bancshares in a research report on Monday, July 17th. BidaskClub cut shares of Commerce Bancshares from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Finally, Barclays PLC set a $58.00 price objective on shares of Commerce Bancshares and gave the stock a “hold” rating in a research report on Sunday, July 16th. Five analysts have rated the stock with a sell rating and six have given a hold rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $54.50.
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In other Commerce Bancshares news, Vice Chairman Jonathan M. Kemper sold 36,979 shares of the business’s stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $54.10, for a total value of $2,000,563.90. Following the completion of the transaction, the insider now owns 1,045,605 shares of the company’s stock, valued at approximately $56,567,230.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Chairman David W. Kemper sold 10,132 shares of the business’s stock in a transaction that occurred on Friday, July 21st. The stock was sold at an average price of $57.83, for a total transaction of $585,933.56. Following the completion of the transaction, the chairman now directly owns 1,270,757 shares of the company’s stock, valued at approximately $73,487,877.31. The disclosure for this sale can be found here. In the last three months, insiders sold 48,099 shares of company stock worth $2,643,431. Insiders own 4.30% of the company’s stock.
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, mortgage banking, corporate, investment, trust and asset management products and services to individuals and businesses. The Company operates through three segments: Consumer, Commercial and Wealth.
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