Trade Report: Today: 4,783 Shares of Commerce Bancshares Inc. (CBSH) Stock are sold by Sara E. Foster

Today: 4,783 Shares of Commerce Bancshares Inc. (CBSH) Stock are sold by Sara E. Foster

Commerce Bancshares Inc. (NASDAQ:CBSH) insider Sara E. Foster sold 4,783 shares of the company’s stock in a transaction dated Friday, November 25th. The shares were sold at an average price of $57.98, for a total value of $277,318.34. Following the sale, the insider now owns 59,728 shares in the company, valued at $3,463,029.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Commerce Bancshares Inc. (NASDAQ:CBSH) traded down 1.31% on Monday, reaching $57.17. 364,500 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $51.95 and a 200 day moving average price of $49.24. Commerce Bancshares Inc. has a one year low of $37.44 and a one year high of $58.21. The firm has a market cap of $5.52 billion, a PE ratio of 21.51 and a beta of 0.66.

Commerce Bancshares (NASDAQ:CBSH) last announced its earnings results on Friday, October 14th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by $0.02. The firm earned $290.60 million during the quarter. Commerce Bancshares had a return on equity of 11.52% and a net margin of 23.01%. The business’s revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.63 earnings per share. Analysts expect that Commerce Bancshares Inc. will post $2.74 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 19th. Stockholders of record on Friday, December 2nd will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Wednesday, November 30th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.56%. Commerce Bancshares’s payout ratio is currently 33.83%.

Several hedge funds and other institutional investors have recently bought and sold shares of CBSH. Country Club Trust Company n.a. boosted its position in Commerce Bancshares by 1.3% in the second quarter. Country Club Trust Company n.a. now owns 77,235 shares of the financial services provider’s stock worth $3,699,000 after buying an additional 966 shares during the last quarter. LS Investment Advisors LLC boosted its position in Commerce Bancshares by 72.0% in the second quarter. LS Investment Advisors LLC now owns 4,978 shares of the financial services provider’s stock worth $238,000 after buying an additional 2,084 shares during the last quarter. State of Alaska Department of Revenue boosted its position in Commerce Bancshares by 5.9% in the second quarter. State of Alaska Department of Revenue now owns 5,022 shares of the financial services provider’s stock worth $240,000 after buying an additional 278 shares during the last quarter. Dearborn Partners LLC boosted its position in Commerce Bancshares by 3.5% in the second quarter. Dearborn Partners LLC now owns 288,224 shares of the financial services provider’s stock worth $13,806,000 after buying an additional 9,650 shares during the last quarter. Finally, GWM Advisors LLC bought a new position in Commerce Bancshares during the second quarter worth $574,000. 61.41% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms recently weighed in on CBSH. Zacks Investment Research upgraded shares of Commerce Bancshares from a “sell” rating to a “hold” rating in a research report on Monday, September 26th. Barclays PLC upped their price objective on shares of Commerce Bancshares from $45.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 11th. Morgan Stanley cut shares of Commerce Bancshares from an “equal weight” rating to an “underweight” rating and set a $45.00 price objective on the stock. in a research report on Tuesday, September 20th. Finally, Jefferies Group restated a “hold” rating on shares of Commerce Bancshares in a research report on Thursday, August 18th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The stock has an average rating of “Hold” and a consensus target price of $45.75.

Commerce Bancshares Company Profile

Related posts

Leave a Comment