Analysts’ Weekly Ratings Changes for Commerce Bancshares (CBSH)

Several brokerages have updated their recommendations and price targets on shares of Commerce Bancshares (NASDAQ: CBSH) in the last few weeks:

  • 9/27/2018 – Commerce Bancshares was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 9/24/2018 – Commerce Bancshares was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Commerce Bancshares have outperformed the industry in the past six months. Also, the company’s earnings surpassed the Zacks Consensus Estimate in three of the trailing four quarters. Impressive loans and deposit balances, higher interest rates and efforts to grow fee income will continue supporting revenue growth. Lower tax rates and easing of regulations will also likely provide support to some extent. However, continuously rising operating expenses are expected to hurt bottom-line growth. Also, the company’s exposure to risky loan portfolios remains a concern.”
  • 9/13/2018 – Commerce Bancshares was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 9/7/2018 – Commerce Bancshares was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 8/28/2018 – Commerce Bancshares was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 8/9/2018 – Commerce Bancshares was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 8/1/2018 – Commerce Bancshares was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.

Shares of CBSH stock traded down $0.05 during mid-day trading on Thursday, hitting $66.66. 2,875 shares of the stock traded hands, compared to its average volume of 381,841. Commerce Bancshares, Inc. has a twelve month low of $54.24 and a twelve month high of $72.55. The stock has a market cap of $7.25 billion, a PE ratio of 24.06, a price-to-earnings-growth ratio of 2.02 and a beta of 0.65.

Commerce Bancshares (NASDAQ:CBSH) last issued its quarterly earnings results on Thursday, July 12th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.12. Commerce Bancshares had a return on equity of 14.24% and a net margin of 28.84%. The company had revenue of $335.81 million for the quarter, compared to analysts’ expectations of $319.25 million. During the same period last year, the firm earned $0.71 EPS. sell-side analysts predict that Commerce Bancshares, Inc. will post 3.88 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, September 24th. Stockholders of record on Friday, September 7th were given a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend was Thursday, September 6th. Commerce Bancshares’s dividend payout ratio (DPR) is presently 33.94%.

In other news, insider Daniel D. Callahan sold 8,000 shares of the firm’s stock in a transaction on Tuesday, July 17th. The stock was sold at an average price of $67.43, for a total transaction of $539,440.00. Following the completion of the sale, the insider now directly owns 27,257 shares of the company’s stock, valued at approximately $1,837,939.51. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO David W. Kemper sold 9,465 shares of the firm’s stock in a transaction on Wednesday, July 18th. The stock was sold at an average price of $68.60, for a total value of $649,299.00. Following the sale, the chief executive officer now directly owns 1,291,012 shares of the company’s stock, valued at $88,563,423.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 69,931 shares of company stock worth $4,920,470. 4.00% of the stock is owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Clarus Wealth Advisors bought a new stake in shares of Commerce Bancshares during the 2nd quarter worth $200,000. Segall Bryant & Hamill LLC bought a new stake in shares of Commerce Bancshares during the 1st quarter worth $204,000. Cullen Frost Bankers Inc. bought a new stake in shares of Commerce Bancshares during the 2nd quarter worth $206,000. Natixis bought a new stake in shares of Commerce Bancshares during the 2nd quarter worth $207,000. Finally, Martingale Asset Management L P bought a new stake in shares of Commerce Bancshares during the 2nd quarter worth $212,000. 64.76% of the stock is owned by institutional investors and hedge funds.

Commerce Bancshares, Inc operates as the holding company for Commerce Bank that provides retail, mortgage banking, corporate, investment, trust, and asset management products and services to individuals and businesses. It operates through three segments: Consumer, Commercial, and Wealth. The Consumer segment offers various banking products and services, including consumer deposits; consumer loans, such as automobile, motorcycle, marine, tractor/trailer, recreational vehicle, fixed rate and revolving home equity, and other consumer loans; patient health care financing; real estate loans; indirect and other consumer financing; personal mortgage banking; consumer installment lending; and consumer debit and credit bank cards, as well as provides online, mobile, and telephone banking services.

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