What is Zacks Research’s Forecast for CBSH FY2027 Earnings?

Commerce Bancshares, Inc. (NASDAQ:CBSH) – Zacks Research upped their FY2027 earnings estimates for Commerce Bancshares in a research report issued on Thursday, March 20th. Zacks Research analyst R. Department now forecasts that the financial services provider will post earnings of $4.47 per share for the year, up from their prior forecast of $4.42. The consensus estimate for Commerce Bancshares’ current full-year earnings is $3.94 per share.

Commerce Bancshares (NASDAQ:CBSH) last released its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.06. Commerce Bancshares had a net margin of 25.24% and a return on equity of 16.31%. The business had revenue of $422.10 million for the quarter, compared to the consensus estimate of $417.48 million. Commerce Bancshares’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.84 EPS.

A number of other research analysts have also commented on the company. Wells Fargo & Company increased their price objective on Commerce Bancshares from $67.00 to $70.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. Morgan Stanley lowered their price target on Commerce Bancshares from $72.00 to $66.00 and set an “underweight” rating on the stock in a report on Thursday, March 13th. Keefe, Bruyette & Woods boosted their price objective on shares of Commerce Bancshares from $66.00 to $78.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Raymond James downgraded shares of Commerce Bancshares from an “outperform” rating to a “market perform” rating in a report on Thursday, December 19th. Finally, StockNews.com upgraded shares of Commerce Bancshares from a “sell” rating to a “hold” rating in a report on Monday, January 13th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $68.17.

Commerce Bancshares Price Performance

NASDAQ CBSH opened at $62.85 on Monday. Commerce Bancshares has a fifty-two week low of $48.49 and a fifty-two week high of $72.75. The stock’s 50-day moving average is $64.43 and its two-hundred day moving average is $64.44. The firm has a market cap of $8.43 billion, a P/E ratio of 15.67, a price-to-earnings-growth ratio of 2.13 and a beta of 0.78.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Kapitalo Investimentos Ltda acquired a new position in shares of Commerce Bancshares in the 4th quarter valued at $26,000. CoreFirst Bank & Trust bought a new stake in Commerce Bancshares in the fourth quarter valued at about $33,000. Marshall Investment Management LLC acquired a new position in Commerce Bancshares in the fourth quarter worth about $35,000. True Wealth Design LLC bought a new position in Commerce Bancshares during the third quarter worth about $47,000. Finally, V Square Quantitative Management LLC boosted its holdings in Commerce Bancshares by 84.0% during the fourth quarter. V Square Quantitative Management LLC now owns 791 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 361 shares in the last quarter. 70.26% of the stock is owned by institutional investors.

Insider Buying and Selling at Commerce Bancshares

In related news, CFO Charles G. Kim sold 13,493 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $67.76, for a total value of $914,285.68. Following the completion of the sale, the chief financial officer now owns 86,246 shares in the company, valued at approximately $5,844,028.96. This trade represents a 13.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP David L. Orf sold 1,036 shares of the business’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $68.24, for a total value of $70,696.64. Following the transaction, the vice president now owns 22,175 shares in the company, valued at $1,513,222. This represents a 4.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 78,434 shares of company stock valued at $5,248,272 in the last ninety days. Company insiders own 3.20% of the company’s stock.

Commerce Bancshares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Friday, March 7th were paid a dividend of $0.275 per share. This is a boost from Commerce Bancshares’s previous quarterly dividend of $0.27. This represents a $1.10 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend was Friday, March 7th. Commerce Bancshares’s dividend payout ratio is presently 27.43%.

Commerce Bancshares Company Profile

Commerce Bancshares, Inc operates as the bank holding company for Commerce Bank that provides retail, mortgage banking, corporate, investment, trust, and asset management products and services to individuals and businesses in the United States. It operates through three segments: Consumer, Commercial, and Wealth.