Commerce Bancshares, Inc. $CBSH Stock Acquired by Retirement Systems of Alabama

Retirement Systems of Alabama grew its stake in shares of Commerce Bancshares, Inc. (NASDAQ:CBSH) by 133.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 327,788 shares of the financial services provider’s stock after acquiring an additional 187,567 shares during the period. Retirement Systems of Alabama owned 0.23% of Commerce Bancshares worth $17,943,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of Commerce Bancshares in the second quarter valued at $755,669,000. Commerce Bank purchased a new stake in Commerce Bancshares during the 2nd quarter worth about $316,010,000. Bank of America Corp DE purchased a new stake in Commerce Bancshares during the 2nd quarter worth about $83,328,000. Bank of New York Mellon Corp bought a new position in Commerce Bancshares in the 2nd quarter worth about $54,444,000. Finally, Dimensional Fund Advisors LP boosted its stake in Commerce Bancshares by 29.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,943,247 shares of the financial services provider’s stock worth $193,999,000 after purchasing an additional 894,183 shares during the period. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Trending Headlines about Commerce Bancshares

Here are a few of the latest headlines about CBSH:

• Positive Sentiment: Zacks raised its estimates for Q3 and Q4 2027 and Q2 2028, signaling slightly better expectations for those periods. Commerce Bancshares coverage
• Negative Sentiment: Zacks cut estimates for Q4 2026, Q1 2027, FY2026, FY2027, Q1 2028 and FY2028. FY2026 EPS was lowered to $4.19 from $4.22, below the cited full-year consensus of $4.27; the Q1 2027 estimate fell to $1.03 from $1.09. These revisions may create near-term pressure on CBSH shares. Commerce Bancshares coverage

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Piper Sandler set a $60.50 target price on Commerce Bancshares and gave the company a “neutral” rating in a report on Wednesday, October 21st. TD Cowen reissued a “hold” rating and issued a $63.00 price target (up from $62.00) on shares of Commerce Bancshares in a report on Friday, July 17th. Wall Street Zen lowered shares of Commerce Bancshares from a “hold” rating to a “sell” rating in a research report on Saturday, November 7th. Stephens set a $62.00 price objective on shares of Commerce Bancshares and gave the company an “equal weight” rating in a research report on Wednesday, October 21st. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Commerce Bancshares from $60.00 to $62.00 and gave the company a “market perform” rating in a research note on Monday, July 20th. Three research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $63.50.

Insider Buying and Selling at Commerce Bancshares

In related news, SVP Douglas Neff sold 666 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $58.15, for a total value of $38,727.90. Following the transaction, the senior vice president directly owned 11,746 shares in the company, valued at approximately $683,029.90. This represents a 5.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.80% of the company’s stock.

Commerce Bancshares Stock Performance

NASDAQ:CBSH opened at $55.57 on Friday. The firm has a market capitalization of $7.87 billion, a price-to-earnings ratio of 13.39, a P/E/G ratio of 2.35 and a beta of 0.61. Commerce Bancshares, Inc. has a 52-week low of $46.99 and a 52-week high of $60.92. The stock has a fifty day moving average of $55.97 and a 200 day moving average of $54.52.

Shares of Commerce Bancshares are set to split on the morning of Tuesday, December 1st. The 1.05-1 split was recently announced. The newly issued shares will be distributed to shareholders after the closing bell on Monday, November 30th.

Commerce Bancshares (NASDAQ:CBSH) last announced its earnings results on Tuesday, October 20th. The financial services provider reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. Commerce Bancshares had a return on equity of 14.27% and a net margin of 26.06%. The business had revenue of $494.34 million for the quarter, compared to analyst estimates of $496.75 million. During the same period in the prior year, the company earned $1.06 EPS. Equities analysts forecast that Commerce Bancshares, Inc. will post 4.26 earnings per share for the current fiscal year.

Commerce Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 21st. Stockholders of record on Tuesday, December 1st will be issued a dividend of $0.2750 per share. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $1.10 annualized dividend and a dividend yield of 2.0%. Commerce Bancshares’s payout ratio is presently 26.51%.

Commerce Bancshares Company Profile

Commerce Bancshares, Inc. is a bank holding company headquartered in Kansas City, Missouri. Founded in 1865, it provides banking and financial services through its principal subsidiary, Commerce Bank. The company serves consumers, businesses, institutions and public-sector organizations. Its services include checking and savings accounts, lending, mortgage banking, treasury management, payment processing, and wealth management and trust services. Commerce Bank operates across several Midwestern and neighboring states, including Missouri, Kansas, Illinois, Oklahoma and Colorado.