Trust Co. of Oklahoma raised its position in Commerce Bancshares, Inc. (NASDAQ:CBSH) by 25.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,393 shares of the financial services provider’s stock after purchasing an additional 1,303 shares during the period. Trust Co. of Oklahoma’s holdings in Commerce Bancshares were worth $360,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc boosted its stake in Commerce Bancshares by 3.1% during the 3rd quarter. Vanguard Group Inc now owns 9,851,300 shares of the financial services provider’s stock worth $650,384,000 after purchasing an additional 300,762 shares during the period. Vanguard Group Inc. lifted its stake in shares of 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 acquiring an additional 300,762 shares during the period. Robeco Institutional Asset Management B.V. lifted its stake in shares of Commerce Bancshares by 9,859.6% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 164,234 shares of the financial services provider’s stock worth $10,843,000 after acquiring an additional 162,585 shares during the period. BlackRock Inc. lifted its stake in shares of Commerce Bancshares by 1.8% in the 3rd quarter. BlackRock Inc. now owns 8,645,063 shares of the financial services provider’s stock worth $570,749,000 after acquiring an additional 150,113 shares during the period. Finally, Walthausen & Co. LLC acquired a new stake in shares of Commerce Bancshares in the 3rd quarter worth $7,264,000. 60.41% of the stock is currently owned by institutional investors.

Several analysts recently commented on CBSH shares. BidaskClub cut shares of Commerce Bancshares from a “hold” rating to a “sell” rating in a research note on Thursday, September 27th. Morgan Stanley reduced their price objective on shares of Commerce Bancshares from $58.00 to $56.00 and set an “underweight” rating for the company in a research note on Tuesday, December 11th. Raymond James upgraded shares of Commerce Bancshares from an “underperform” rating to a “market perform” rating and set a $60.43 price objective for the company in a research note on Friday, January 18th. They noted that the move was a valuation call. Stephens reiterated a “hold” rating and issued a $65.00 price objective on shares of Commerce Bancshares in a research note on Wednesday, December 19th. Finally, ValuEngine cut shares of Commerce Bancshares from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. Three equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $63.49.

Commerce Bancshares stock traded up $0.63 during trading on Wednesday, reaching $60.65. The company had a trading volume of 18,242 shares, compared to its average volume of 376,772. Commerce Bancshares, Inc. has a 12-month low of $53.40 and a 12-month high of $72.55. The company has a market cap of $6.87 billion, a price-to-earnings ratio of 16.05, a PEG ratio of 3.72 and a beta of 0.75.

Commerce Bancshares (NASDAQ:CBSH) last released its earnings results on Thursday, January 17th. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.01. Commerce Bancshares had a net margin of 31.18% and a return on equity of 16.29%. The firm had revenue of $345.31 million during the quarter, compared to the consensus estimate of $335.66 million. During the same period in the previous year, the firm earned $0.74 earnings per share. As a group, analysts anticipate that Commerce Bancshares, Inc. will post 3.81 EPS for the current fiscal year.

In other Commerce Bancshares news, insider Daniel D. Callahan sold 1,500 shares of Commerce Bancshares stock in a transaction that occurred 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 transaction, the insider now directly owns 26,036 shares of the company’s stock, valued at $1,716,032.76. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Jeffrey M. Burik sold 2,303 shares of Commerce Bancshares stock in a transaction that occurred on Friday, November 2nd. The shares were sold at an average price of $65.02, for a total transaction of $149,741.06. Following the transaction, the insider now directly owns 18,358 shares in the company, valued at $1,193,637.16. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,540 shares of company stock valued at $745,554. 4.00% of the stock is owned by insiders.

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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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Institutional Ownership by Quarter for Commerce Bancshares (NASDAQ:CBSH)

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