Commerce

Commerce Bancshares, Inc. (NASDAQ:CBSH) Shares Acquired by Victory Capital Administration Inc.


Victory Capital Administration Inc. raised its place in Commerce Bancshares, Inc. (NASDAQ:CBSH – Get Score) by 14.6% throughout the 1st quarter, in response to its most up-to-date submitting with the SEC. The agency owned 95,287 shares of the monetary providers supplier’s inventory after shopping for a further 12,146 shares throughout the quarter. Victory Capital Administration Inc. owned about 0.08% of Commerce Bancshares value $6,515,000 as of its most up-to-date submitting with the SEC.

A number of different institutional traders additionally not too long ago purchased and bought shares of the corporate. Nationwide Financial institution of Canada FI bought a brand new stake in shares of Commerce Bancshares throughout the 4th quarter value $29,000. Allspring International Investments Holdings LLC bought a brand new stake in shares of Commerce Bancshares throughout the 4th quarter value $41,000. Signaturefd LLC boosted its place in shares of Commerce Bancshares by 36.0% throughout the 1st quarter. Signaturefd LLC now owns 672 shares of the monetary providers supplier’s inventory value $48,000 after buying a further 178 shares within the final quarter. Point72 Hong Kong Ltd boosted its place in shares of Commerce Bancshares by 274.0% within the 4th quarter. Point72 Hong Kong Ltd now owns 819 shares of the monetary providers supplier’s inventory value $56,000 after shopping for a further 600 shares within the final quarter. Lastly, Northwestern Mutual Wealth Administration Co. boosted its place in shares of Commerce Bancshares by 19.0% within the 4th quarter. Northwestern Mutual Wealth Administration Co. now owns 1,125 shares of the monetary providers supplier’s inventory value $78,000 after shopping for a further 180 shares within the final quarter. 67.85% of the inventory is owned by institutional traders and hedge funds.

Wall Avenue Analyst Weigh In

CBSH has been the subject of a number of current analysis studies. Jefferies Monetary Group decreased their value goal on shares of Commerce Bancshares from $75.00 to $71.00 in a analysis report on Monday, July eleventh. DA Davidson boosted their value goal on shares of Commerce Bancshares to $71.00 in a analysis report on Monday, July twenty fifth. Lastly, StockNews.com upgraded shares of Commerce Bancshares from a “promote” ranking to a “maintain” ranking in a analysis report on Monday, July 18th.

Insider Exercise

In different information, EVP Robert S. Holmes bought 2,000 shares of the corporate’s inventory in a transaction dated Thursday, August 4th. The shares have been bought at a mean value of $70.45, for a complete transaction of $140,900.00. Following the completion of the transaction, the manager vp now owns 43,058 shares of the corporate’s inventory, valued at roughly $3,033,436.10. The transaction was disclosed in a submitting with the SEC, which is obtainable at this hyperlink. In associated information, EVP Robert S. Holmes bought 2,000 shares of the inventory in a transaction that occurred on Thursday, August 4th. The shares have been bought at a mean value of $70.45, for a complete transaction of $140,900.00. Following the completion of the sale, the manager vp now owns 43,058 shares of the corporate’s inventory, valued at roughly $3,033,436.10. The transaction was disclosed in a submitting with the SEC, which could be accessed by way of the SEC web site. Additionally, Director Blackford F. Brauer purchased 5,000 shares of the corporate’s inventory in a transaction that occurred on Wednesday, July twenty seventh. The shares have been acquired at a mean price of $68.87 per share, with a complete worth of $344,350.00. Following the transaction, the director now owns 16,027 shares within the firm, valued at roughly $1,103,779.49. The disclosure for this buy could be discovered right here. Insiders bought a complete of 15,000 shares of firm inventory valued at $1,015,150 within the final 90 days. 3.20% of the inventory is at present owned by insiders.

Commerce Bancshares Buying and selling Up 0.5 %

NASDAQ:CBSH opened at $71.37 on Wednesday. The agency has a market cap of $8.62 billion, a price-to-earnings ratio of 18.44 and a beta of 0.80. The corporate’s 50-day shifting common is $67.27 and its two-hundred day shifting common is $69.10. Commerce Bancshares, Inc. has a 12-month low of $61.81 and a 12-month excessive of $74.72.

Commerce Bancshares (NASDAQ:CBSH – Get Score) final launched its earnings outcomes on Thursday, July twenty first. The monetary providers supplier reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.01. The corporate had income of $371.80 million for the quarter, in comparison with analyst estimates of $362.50 million. Commerce Bancshares had a web margin of 32.88% and a return on fairness of 14.27%. The agency’s quarterly income was up 7.1% on a year-over-year foundation. Throughout the identical interval within the prior yr, the agency earned $1.38 EPS. On common, equities analysis analysts forecast that Commerce Bancshares, Inc. will publish 4.04 earnings per share for the present fiscal yr.

Commerce Bancshares Dividend Announcement

The enterprise additionally not too long ago disclosed a quarterly dividend, which will likely be paid on Thursday, September twenty second. Stockholders of report on Wednesday, September seventh will likely be paid a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized foundation and a dividend yield of 1.49%. The ex-dividend date is Tuesday, September sixth. Commerce Bancshares’s dividend payout ratio is at present 27.39%.

Commerce Bancshares Profile

(Get Score)

Commerce Bancshares, Inc operates because the financial institution holding firm for Commerce Financial institution that gives retail, mortgage banking, company, funding, belief, and asset administration services to people and companies in america. It operates by way of three segments: Shopper, Industrial, and Wealth.

Additional Studying

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



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