Commerce Bancshares (NASDAQ:CBSH) will be posting its quarterly earnings results before the market opens on Thursday, April 15th. Analysts expect Commerce Bancshares to post earnings of $0.93 per share for the quarter.

Commerce Bancshares (NASDAQ:CBSH) last posted its earnings results on Tuesday, January 19th. The financial services provider reported $1.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.17. Commerce Bancshares had a return on equity of 10.49% and a net margin of 23.67%. The company had revenue of $344.90 million for the quarter, compared to analyst estimates of $347.85 million. During the same quarter last year, the company earned $0.81 earnings per share. The company’s revenue for the quarter was down .3% on a year-over-year basis. On average, analysts expect Commerce Bancshares to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of Commerce Bancshares stock opened at $77.56 on Thursday. The company has a market capitalization of $9.08 billion, a P/E ratio of 28.88 and a beta of 0.96. The stock has a fifty day simple moving average of $76.96 and a 200 day simple moving average of $68.03. Commerce Bancshares has a 12-month low of $48.60 and a 12-month high of $83.06.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 24th. Shareholders of record on Tuesday, March 9th were paid a dividend of $0.2625 per share. This represents a $1.05 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend was Monday, March 8th. Commerce Bancshares’s dividend payout ratio (DPR) is presently 30.79%.

Separately, Morgan Stanley increased their target price on shares of Commerce Bancshares from $64.00 to $65.00 and gave the company an “underweight” rating in a report on Wednesday, March 24th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. Commerce Bancshares currently has a consensus rating of “Hold” and an average target price of $65.75.

In related news, insider Paul A. Steiner sold 932 shares of the business’s stock in a transaction dated Friday, March 12th. The shares were sold at an average price of $80.85, for a total value of $75,352.20. Following the transaction, the insider now directly owns 2,771 shares of the company’s stock, valued at approximately $224,035.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Charles G. Kim sold 9,023 shares of the stock in a transaction dated Friday, March 12th. The shares were sold at an average price of $80.14, for a total transaction of $723,103.22. Following the transaction, the chief financial officer now owns 88,837 shares of the company’s stock, valued at approximately $7,119,397.18. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 112,282 shares of company stock valued at $8,172,628. 3.40% of the stock is currently owned by corporate insiders.

A hedge fund recently bought a new stake in Commerce Bancshares stock. OLD Mission Capital LLC acquired a new stake in Commerce Bancshares, Inc. (NASDAQ:CBSH) during the third quarter, according to its most recent 13F filing with the SEC. The fund acquired 8,457 shares of the financial services provider’s stock, valued at approximately $476,000. 62.87% of the stock is owned by institutional investors.

About Commerce Bancshares

Commerce Bancshares, Inc operates as a bank holding company for Commerce Bank. It provides general banking services, such as retail, corporate, investment, trust, and asset management products and services to individuals and businesses. The firm operates through the following business segments: Consumer, Commercial and Wealth.

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Earnings History for Commerce Bancshares (NASDAQ:CBSH)

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