Commerce

Commerce Bancshares, Inc. (NASDAQ:CBSH) Shares Bought by Kestra Advisory Companies LLC


Kestra Advisory Companies LLC boosted its place in Commerce Bancshares, Inc. (NASDAQ:CBSH – Get Ranking) by 10.8% within the first quarter, in line with its most up-to-date disclosure with the Securities and Trade Fee (SEC). The agency owned 4,767 shares of the monetary companies supplier’s inventory after buying an extra 464 shares throughout the interval. Kestra Advisory Companies LLC’s holdings in Commerce Bancshares had been price $341,000 as of its most up-to-date SEC submitting.

A variety of different institutional buyers have additionally not too long ago added to or decreased their stakes within the firm. Commerce Financial institution lifted its place in shares of Commerce Bancshares by 5.2% throughout the 4th quarter. Commerce Financial institution now owns 6,929,659 shares of the monetary companies supplier’s inventory valued at $476,345,000 after buying an extra 344,336 shares over the past quarter. State Road Corp lifted its place in shares of Commerce Bancshares by 1.8% throughout the 4th quarter. State Road Corp now owns 6,112,417 shares of the monetary companies supplier’s inventory valued at $420,168,000 after buying an extra 108,246 shares over the past quarter. Lazard Asset Administration LLC lifted its place in shares of Commerce Bancshares by 4.9% throughout the 4th quarter. Lazard Asset Administration LLC now owns 5,192,785 shares of the monetary companies supplier’s inventory valued at $356,951,000 after buying an extra 242,344 shares over the past quarter. JPMorgan Chase & Co. lifted its place in shares of Commerce Bancshares by 3.7% throughout the 4th quarter. JPMorgan Chase & Co. now owns 1,587,112 shares of the monetary companies supplier’s inventory valued at $109,098,000 after buying an extra 56,412 shares over the past quarter. Lastly, Geode Capital Administration LLC lifted its place in shares of Commerce Bancshares by 5.5% throughout the 4th quarter. Geode Capital Administration LLC now owns 1,581,405 shares of the monetary companies supplier’s inventory valued at $108,705,000 after buying an extra 82,534 shares over the past quarter. 67.85% of the inventory is at the moment owned by institutional buyers and hedge funds.

Commerce Bancshares Inventory Down 0.8 %

Shares of NASDAQ:CBSH opened at $67.43 on Friday. The corporate’s fifty day shifting common is $66.63 and its two-hundred day shifting common is $69.29. Commerce Bancshares, Inc. has a 12-month low of $61.81 and a 12-month excessive of $74.72. The corporate has a market cap of $8.14 billion, a P/E ratio of 17.42 and a beta of 0.81.

Commerce Bancshares (NASDAQ:CBSH – Get Ranking) final posted its quarterly earnings outcomes on Thursday, July twenty first. The monetary companies supplier reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.01. Commerce Bancshares had a web margin of 32.88% and a return on fairness of 14.27%. The enterprise had income of $371.80 million for the quarter, in comparison with the consensus estimate of $362.50 million. Throughout the identical interval within the prior yr, the enterprise posted $1.38 earnings per share. Commerce Bancshares’s income for the quarter was up 7.1% in comparison with the identical quarter final yr. Equities analysis analysts anticipate that Commerce Bancshares, Inc. will submit 3.95 earnings per share for the present yr.

Wall Road Analysts Forecast Development

A number of analysts have issued studies on CBSH shares. Jefferies Monetary Group lower their goal value on shares of Commerce Bancshares from $75.00 to $71.00 in a analysis be aware on Monday, July eleventh. StockNews.com raised shares of Commerce Bancshares from a “promote” ranking to a “maintain” ranking in a analysis be aware on Monday, July 18th.

Insider Transactions at Commerce Bancshares

In associated information, Director Blackford F. Brauer bought 5,000 shares of the corporate’s inventory in a transaction dated Friday, June tenth. The shares had been acquired at a median price of $65.85 per share, with a complete worth of $329,250.00. Following the completion of the acquisition, the director now owns 11,027 shares of the corporate’s inventory, valued at roughly $726,127.95. The acquisition was disclosed in a doc filed with the Securities & Trade Fee, which is on the market by the SEC web site. 3.20% of the inventory is at the moment owned by firm insiders.

About Commerce Bancshares

(Get Ranking)

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 and products to people and companies in the US. It operates by three segments: Client, Industrial, and Wealth.

Learn Extra

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



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