Commerce Bancshares, Inc. (NASDAQ:CBSH) Vice Chairman Jonathan M. Kemper sold 55,000 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $55.06, for a total value of $3,028,300.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Commerce Bancshares, Inc. (CBSH) opened at $55.76 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.68 and a quick ratio of 0.68. The company has a market capitalization of $5,798.86, a price-to-earnings ratio of 20.23, a P/E/G ratio of 3.17 and a beta of 0.80. Commerce Bancshares, Inc. has a 12 month low of $51.90 and a 12 month high of $60.61.

Commerce Bancshares (NASDAQ:CBSH) last issued its earnings results on Thursday, October 12th. The financial services provider reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). The firm had revenue of $304.83 million during the quarter, compared to analyst estimates of $317.28 million. Commerce Bancshares had a net margin of 23.93% and a return on equity of 12.08%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 earnings per share. research analysts predict that Commerce Bancshares, Inc. will post 2.77 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 18th. Investors of record on Thursday, November 30th will be paid a $0.225 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.61%. Commerce Bancshares’s payout ratio is 33.51%.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Captrust Financial Advisors acquired a new position in Commerce Bancshares during the second quarter worth $106,000. Citizens Financial Group Inc RI raised its stake in Commerce Bancshares by 25.5% during the second quarter. Citizens Financial Group Inc RI now owns 2,650 shares of the financial services provider’s stock worth $151,000 after acquiring an additional 539 shares in the last quarter. Mosaic Family Wealth LLC raised its stake in Commerce Bancshares by 5.8% during the second quarter. Mosaic Family Wealth LLC now owns 3,297 shares of the financial services provider’s stock worth $187,000 after acquiring an additional 181 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Commerce Bancshares by 8.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,339 shares of the financial services provider’s stock worth $190,000 after acquiring an additional 264 shares in the last quarter. Finally, SignalPoint Asset Management LLC acquired a new position in Commerce Bancshares during the third quarter worth $226,000. Institutional investors and hedge funds own 59.15% of the company’s stock.

A number of research analysts have recently commented on the company. BidaskClub lowered Commerce Bancshares from a “sell” rating to a “strong sell” rating in a report on Saturday. Zacks Investment Research lowered Commerce Bancshares from a “buy” rating to a “hold” rating in a report on Monday, September 18th. Piper Jaffray Companies reiterated a “neutral” rating and set a $60.00 price target on shares of Commerce Bancshares in a report on Friday, October 6th. Finally, Keefe, Bruyette & Woods restated a “sell” rating and issued a $51.00 target price on shares of Commerce Bancshares in a research note on Friday, September 15th. Six equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. Commerce Bancshares presently has an average rating of “Sell” and a consensus target price of $56.63.

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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.

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

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