Shares of Commerce Bancshares, Inc. (NASDAQ:CBSH) have been assigned an average rating of “Hold” from the eleven analysts that are covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell rating and seven have issued a hold rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $56.29.

A number of research analysts have weighed in on CBSH shares. Zacks Investment Research upgraded shares of Commerce Bancshares from a “hold” rating to a “buy” rating and set a $63.00 price objective for the company in a research report on Monday, January 8th. Barclays upped their price objective on shares of Commerce Bancshares from $55.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 2nd. BidaskClub upgraded shares of Commerce Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday, December 28th. Piper Jaffray Companies reiterated a “hold” rating and issued a $58.00 price objective on shares of Commerce Bancshares in a research report on Tuesday, January 9th. Finally, Keefe, Bruyette & Woods reiterated a “sell” rating and issued a $54.00 price objective on shares of Commerce Bancshares in a research report on Friday, January 19th.

In related news, CFO Charles G. Kim sold 6,909 shares of the company’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $58.66, for a total transaction of $405,281.94. Following the completion of the transaction, the chief financial officer now owns 87,303 shares in the company, valued at approximately $5,121,193.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider John W. Kemper sold 78,359 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $57.45, for a total transaction of $4,501,724.55. Following the transaction, the insider now owns 1,284,021 shares of the company’s stock, valued at approximately $73,767,006.45. The disclosure for this sale can be found here. In the last quarter, insiders sold 171,298 shares of company stock valued at $9,758,949. Insiders own 4.30% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cliftonlarsonallen Wealth Advisors LLC raised its position in shares of Commerce Bancshares by 5.0% during the 4th quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 18,060 shares of the financial services provider’s stock worth $1,008,000 after purchasing an additional 858 shares during the last quarter. Bank of Montreal Can raised its position in shares of Commerce Bancshares by 2.5% during the 4th quarter. Bank of Montreal Can now owns 35,974 shares of the financial services provider’s stock worth $2,009,000 after purchasing an additional 866 shares during the last quarter. Thomas Story & Son LLC raised its position in shares of Commerce Bancshares by 5.0% during the 4th quarter. Thomas Story & Son LLC now owns 19,139 shares of the financial services provider’s stock worth $1,069,000 after purchasing an additional 910 shares during the last quarter. Stratos Wealth Partners LTD. raised its position in shares of Commerce Bancshares by 2.1% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 45,688 shares of the financial services provider’s stock worth $2,639,000 after purchasing an additional 946 shares during the last quarter. Finally, Bbva Compass Bancshares Inc. raised its position in shares of Commerce Bancshares by 13.0% during the 4th quarter. Bbva Compass Bancshares Inc. now owns 8,253 shares of the financial services provider’s stock worth $462,000 after purchasing an additional 952 shares during the last quarter. Hedge funds and other institutional investors own 59.77% of the company’s stock.

Shares of Commerce Bancshares (CBSH) opened at $57.52 on Wednesday. Commerce Bancshares has a 1-year low of $51.90 and a 1-year high of $60.61. The company has a market cap of $6,140.00, a price-to-earnings ratio of 19.90, a price-to-earnings-growth ratio of 2.14 and a beta of 0.77.

Commerce Bancshares (NASDAQ:CBSH) last posted its quarterly earnings results on Thursday, January 18th. The financial services provider reported $0.74 EPS for the quarter, beating the consensus estimate of $0.71 by $0.03. Commerce Bancshares had a net margin of 25.27% and a return on equity of 12.22%. The company had revenue of $314.22 million for the quarter, compared to analyst estimates of $312.98 million. analysts predict that Commerce Bancshares will post 3.36 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 26th. Shareholders of record on Friday, March 9th will be given a $0.235 dividend. The ex-dividend date is Thursday, March 8th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.63%. This is an increase from Commerce Bancshares’s previous quarterly dividend of $0.23. Commerce Bancshares’s dividend payout ratio is 31.14%.

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About Commerce Bancshares

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.

Analyst Recommendations for Commerce Bancshares (NASDAQ:CBSH)

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