Commerce Bancshares, Inc. (NASDAQ:CBSH) Chairman David W. Kemper sold 7,315 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $57.38, for a total transaction of $419,734.70. Following the completion of the transaction, the chairman now owns 1,279,276 shares of the company’s stock, valued at $73,404,856.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Commerce Bancshares, Inc. (NASDAQ:CBSH) traded up $1.37 during mid-day trading on Wednesday, hitting $58.89. 503,339 shares of the company traded hands, compared to its average volume of 478,456. The firm has a market capitalization of $6,140.00, a PE ratio of 19.90, a P/E/G ratio of 2.14 and a beta of 0.77. Commerce Bancshares, Inc. has a twelve month low of $51.90 and a twelve month high of $60.61.

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, topping the consensus estimate of $0.71 by $0.03. The business had revenue of $314.22 million during the quarter, compared to analysts’ expectations of $312.98 million. Commerce Bancshares had a net margin of 25.27% and a return on equity of 12.22%. equities research analysts forecast that Commerce Bancshares, Inc. will post 3.36 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, March 26th. Investors of record on Friday, March 9th will be issued a dividend of $0.235 per share. This is a boost from Commerce Bancshares’s previous quarterly dividend of $0.23. This represents a $0.94 annualized dividend and a dividend yield of 1.60%. The ex-dividend date is Thursday, March 8th. Commerce Bancshares’s dividend payout ratio (DPR) is currently 31.14%.

Several research analysts have commented on CBSH shares. BidaskClub cut shares of Commerce Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, January 30th. Zacks Investment Research upgraded shares of Commerce Bancshares from a “hold” rating to a “buy” rating and set a $63.00 target price for the company in a report on Monday, January 8th. Keefe, Bruyette & Woods reiterated a “sell” rating and issued a $54.00 target price on shares of Commerce Bancshares in a report on Friday, January 19th. Piper Jaffray Companies reiterated a “hold” rating and issued a $58.00 target price on shares of Commerce Bancshares in a report on Tuesday, January 9th. Finally, Barclays reiterated a “hold” rating and issued a $63.00 target price on shares of Commerce Bancshares in a report on Sunday, January 21st. Four investment analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Commerce Bancshares presently has an average rating of “Hold” and a consensus target price of $57.13.

Several hedge funds have recently bought and sold shares of CBSH. Tower Research Capital LLC TRC boosted its holdings in shares of Commerce Bancshares by 189.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,211 shares of the financial services provider’s stock worth $123,000 after purchasing an additional 1,448 shares during the period. SignalPoint Asset Management LLC acquired a new stake in shares of Commerce Bancshares during the third quarter worth approximately $226,000. Wedbush Securities Inc. acquired a new stake in shares of Commerce Bancshares during the third quarter worth approximately $229,000. Cetera Investment Advisers acquired a new stake in shares of Commerce Bancshares during the second quarter worth approximately $272,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of Commerce Bancshares during the third quarter worth approximately $283,000. Institutional investors and hedge funds own 59.77% of the company’s stock.

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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.

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

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