Commerce Bancshares, Inc. (NASDAQ:CBSH) has been assigned an average recommendation of “Hold” from the twelve analysts that are presently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a sell recommendation and eight have given a hold recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $63.00.

CBSH has been the subject of several analyst reports. Zacks Investment Research cut Commerce Bancshares from a “buy” rating to a “hold” rating in a report on Tuesday, November 20th. Barclays reiterated a “hold” rating and set a $65.00 price objective on shares of Commerce Bancshares in a research note on Friday. BidaskClub upgraded Commerce Bancshares from a “sell” rating to a “hold” rating in a research report on Tuesday, November 13th. Stephens reiterated a “hold” rating and issued a $65.00 price objective on shares of Commerce Bancshares in a research report on Wednesday, December 19th. Finally, ValuEngine cut Commerce Bancshares from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd.

In other news, insider Jeffrey M. Burik sold 7,737 shares of the business’s stock in a transaction on Wednesday, October 31st. The shares were sold at an average price of $64.23, for a total transaction of $496,947.51. Following the completion of the sale, the insider now directly owns 28,398 shares of the company’s stock, valued at approximately $1,824,003.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Daniel D. Callahan sold 1,500 shares of the business’s stock in a transaction on Wednesday, November 21st. The shares were sold at an average price of $65.91, for a total transaction of $98,865.00. Following the sale, the insider now directly owns 26,036 shares of the company’s stock, valued at $1,716,032.76. The disclosure for this sale can be found here. Insiders sold a total of 11,540 shares of company stock valued at $745,554 over the last ninety days. 4.00% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue boosted its position in Commerce Bancshares by 6.8% during the 4th quarter. State of Alaska Department of Revenue now owns 36,880 shares of the financial services provider’s stock worth $2,078,000 after purchasing an additional 2,364 shares during the period. Retirement Systems of Alabama lifted its position in shares of Commerce Bancshares by 8.6% in the 4th quarter. Retirement Systems of Alabama now owns 261,447 shares of the financial services provider’s stock valued at $14,738,000 after acquiring an additional 20,707 shares in the last quarter. CENTRAL TRUST Co lifted its position in shares of Commerce Bancshares by 5.4% in the 4th quarter. CENTRAL TRUST Co now owns 23,055 shares of the financial services provider’s stock valued at $1,299,000 after acquiring an additional 1,171 shares in the last quarter. Confluence Investment Management LLC lifted its position in shares of Commerce Bancshares by 8.1% in the 4th quarter. Confluence Investment Management LLC now owns 340,381 shares of the financial services provider’s stock valued at $19,187,000 after acquiring an additional 25,429 shares in the last quarter. Finally, Vanguard Group Inc lifted its position in Commerce Bancshares by 3.1% in the 3rd quarter. Vanguard Group Inc now owns 9,851,300 shares of the financial services provider’s stock worth $650,384,000 after buying an additional 300,762 shares in the last quarter. 60.37% of the stock is owned by hedge funds and other institutional investors.

Shares of CBSH stock traded up $0.14 on Friday, reaching $57.95. 13,883 shares of the company’s stock were exchanged, compared to its average volume of 439,732. Commerce Bancshares has a 52 week low of $53.40 and a 52 week high of $72.55. The firm has a market capitalization of $6.50 billion, a P/E ratio of 21.96, a P/E/G ratio of 1.79 and a beta of 0.75.

Commerce Bancshares (NASDAQ:CBSH) last announced its quarterly earnings results on Thursday, October 11th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.07. Commerce Bancshares had a return on equity of 15.56% and a net margin of 30.97%. The business had revenue of $331.47 million for the quarter, compared to the consensus estimate of $330.91 million. On average, equities research analysts anticipate that Commerce Bancshares will post 3.76 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, December 17th. Shareholders of record on Friday, November 30th were paid a $0.235 dividend. The ex-dividend date of this dividend was Thursday, November 29th. This represents a $0.94 annualized dividend and a yield of 1.62%. Commerce Bancshares’s payout ratio is currently 35.61%.

Commerce Bancshares Company Profile

Commerce Bancshares, Inc operates as the holding company for Commerce Bank that provides retail, mortgage banking, corporate, investment, trust, and asset management products and services to individuals and businesses. It operates through three segments: Consumer, Commercial, and Wealth. The Consumer segment offers various banking products and services, including consumer deposits; consumer loans, such as automobile, motorcycle, marine, tractor/trailer, recreational vehicle, fixed rate and revolving home equity, and other consumer loans; patient health care financing; real estate loans; indirect and other consumer financing; personal mortgage banking; consumer installment lending; and consumer debit and credit bank cards, as well as provides online, mobile, and telephone banking services.

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Analyst Recommendations for Commerce Bancshares (NASDAQ:CBSH)

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