Commerce Bancshares (NASDAQ:CBSH) is set to post its quarterly earnings results before the market opens on Thursday, April 11th. Analysts expect Commerce Bancshares to post earnings of $0.91 per share for the quarter.

Commerce Bancshares (NASDAQ:CBSH) last announced its quarterly earnings results on Thursday, January 17th. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.01. Commerce Bancshares had a return on equity of 16.29% and a net margin of 31.18%. The company 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 business earned $0.74 EPS. On average, analysts expect Commerce Bancshares to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

NASDAQ CBSH traded down $0.49 on Tuesday, hitting $59.79. 1,440 shares of the stock were exchanged, compared to its average volume of 367,201. Commerce Bancshares has a 52-week low of $53.40 and a 52-week high of $72.55. The stock has a market cap of $6.66 billion, a price-to-earnings ratio of 15.81, a PEG ratio of 3.62 and a beta of 0.74.

The company also recently announced a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Friday, March 8th were paid a dividend of $0.26 per share. This is an increase from Commerce Bancshares’s previous quarterly dividend of $0.24. This represents a $1.04 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend was Thursday, March 7th. Commerce Bancshares’s payout ratio is 27.51%.

In other Commerce Bancshares news, insider Daniel D. Callahan sold 3,300 shares of the stock in a transaction on Tuesday, January 22nd. The stock was sold at an average price of $61.11, for a total transaction of $201,663.00. Following the transaction, the insider now owns 24,037 shares of the company’s stock, valued at approximately $1,468,901.07. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Patricia R. Kellerhals sold 851 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $61.17, for a total value of $52,055.67. Following the sale, the insider now owns 6,127 shares in the company, valued at approximately $374,788.59. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 94,093 shares of company stock valued at $5,735,892. Insiders own 3.60% of the company’s stock.

Several analysts have recently commented on CBSH shares. Zacks Investment Research cut Commerce Bancshares from a “buy” rating to a “hold” rating in a research report on Thursday, April 4th. BidaskClub downgraded Commerce Bancshares from a “hold” rating to a “sell” rating in a research report on Friday, March 15th. Stephens reaffirmed a “hold” rating and set a $65.00 price target on shares of Commerce Bancshares in a research note on Wednesday, December 19th. Barclays reiterated a “hold” rating and issued a $65.00 price objective on shares of Commerce Bancshares in a report on Friday, January 11th. Finally, Morgan Stanley cut their price objective on Commerce Bancshares from $58.00 to $56.00 and set an “underweight” rating for the company in a report on Tuesday, December 11th. Three analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $63.93.

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Commerce Bancshares Company Profile

Commerce Bancshares, Inc operates as the bank 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 banking services.

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Earnings History for Commerce Bancshares (NASDAQ:CBSH)

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