Commerce Bancshares, Inc. (NASDAQ:CBSH) Director David W. Kemper bought 9,267 shares of Commerce Bancshares inventory in a transaction that occurred on Thursday, January twenty seventh. The shares had been bought at a mean worth of $68.10, for a complete worth of $631,082.70. The sale was disclosed in a submitting with the SEC, which is out there by this hyperlink.
NASDAQ:CBSH traded down $0.08 throughout buying and selling hours on Friday, reaching $66.90. The inventory had a buying and selling quantity of 11,983 shares, in comparison with its common quantity of 398,748. Commerce Bancshares, Inc. has a 52 week low of $61.81 and a 52 week excessive of $79.10. The corporate has a 50 day shifting common worth of $69.91 and a two-hundred day shifting common worth of $70.53. The inventory has a market capitalization of $8.16 billion, a PE ratio of 15.12 and a beta of 0.91.
Commerce Bancshares (NASDAQ:CBSH) final launched its quarterly earnings knowledge on Wednesday, January nineteenth. The monetary companies supplier reported $0.94 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.94. Commerce Bancshares had a return on fairness of 15.93% and a web margin of 38.97%. Throughout the identical interval within the prior 12 months, the enterprise posted $1.06 EPS. Promote-side analysts anticipate that Commerce Bancshares, Inc. will put up 4.34 EPS for the present fiscal 12 months.
The corporate additionally just lately disclosed a quarterly dividend, which was paid on Friday, December seventeenth. Shareholders of document on Thursday, December 2nd had been paid a $0.2625 dividend. This represents a $1.05 dividend on an annualized foundation and a yield of 1.57%. The ex-dividend date of this dividend was Wednesday, December 1st. Commerce Bancshares’s payout ratio is 23.71%.
A number of analysts just lately issued stories on CBSH shares. Morgan Stanley decreased their goal worth on Commerce Bancshares from $66.00 to $62.86 and set an “underweight” score on the inventory in a analysis word on Wednesday, December 1st. Jefferies Monetary Group decreased their goal worth on Commerce Bancshares from $75.00 to $67.00 and set a “maintain” score on the inventory in a analysis word on Monday, October eleventh. Lastly, Zacks Funding Analysis raised Commerce Bancshares from a “maintain” score to a “strong-buy” score and set a $78.00 goal worth on the inventory in a analysis word on Monday. Three analysis analysts have rated the inventory with a promote score, one has assigned a maintain score and one has assigned a powerful purchase score to the inventory. Based mostly on knowledge from MarketBeat, Commerce Bancshares at the moment has a mean score of “Maintain” and a consensus goal worth of $69.17.
Institutional traders have just lately made modifications to their positions within the firm. Mariner LLC boosted its holdings in shares of Commerce Bancshares by 21.8% within the 2nd quarter. Mariner LLC now owns 55,315 shares of the monetary companies supplier’s inventory price $4,124,000 after buying a further 9,887 shares in the course of the interval. New York State Frequent Retirement Fund boosted its holdings in shares of Commerce Bancshares by 0.5% within the third quarter. New York State Frequent Retirement Fund now owns 226,340 shares of the monetary companies supplier’s inventory price $15,771,000 after buying a further 1,088 shares in the course of the interval. Royal Financial institution of Canada boosted its holdings in shares of Commerce Bancshares by 7.8% within the 2nd quarter. Royal Financial institution of Canada now owns 379,264 shares of the monetary companies supplier’s inventory price $28,278,000 after buying a further 27,470 shares in the course of the interval. Occudo Quantitative Methods LP bought a brand new place in shares of Commerce Bancshares within the 2nd quarter price roughly $1,790,000. Lastly, Tudor Funding Corp Et Al boosted its holdings in shares of Commerce Bancshares by 1,859.3% within the 2nd quarter. Tudor Funding Corp Et Al now owns 65,127 shares of the monetary companies supplier’s inventory price $4,856,000 after buying a further 61,803 shares in the course of the interval. Hedge funds and different institutional traders personal 63.26% of the corporate’s inventory.
Commerce Bancshares Firm Profile
Commerce Bancshares, Inc operates as a financial institution holding firm for Commerce Financial institution. It offers common banking companies, reminiscent of retail, company, funding, belief, and asset administration services to people and companies. The agency operates by the next enterprise segments: Shopper, Industrial and Wealth.
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