Commerce Bancshares (NASDAQ:CBSH) CEO John Kemper Sells 5,830 Shares

Commerce Bancshares, Inc. (NASDAQ:CBSH) CEO John Kemper sold 5,830 shares of the firm’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $60.58, for a total transaction of $353,181.40. Following the completion of the sale, the chief executive officer owned 206,528 shares in the company, valued at approximately $12,511,466.24. The trade was a 2.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Commerce Bancshares Price Performance

NASDAQ:CBSH opened at $59.44 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.82 and a quick ratio of 0.82. Commerce Bancshares, Inc. has a one year low of $46.99 and a one year high of $60.92. The company has a fifty day moving average price of $56.23 and a 200 day moving average price of $53.18. The stock has a market cap of $8.66 billion, a P/E ratio of 14.39, a PEG ratio of 2.16 and a beta of 0.58.

Commerce Bancshares (NASDAQ:CBSH) last announced its quarterly earnings results on Thursday, July 16th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.06. Commerce Bancshares had a net margin of 26.07% and a return on equity of 14.31%. The firm had revenue of $498.91 million for the quarter, compared to analyst estimates of $492.22 million. During the same quarter in the previous year, the firm posted $1.14 EPS. Analysts anticipate that Commerce Bancshares, Inc. will post 4.22 earnings per share for the current year.

Trending Headlines about Commerce Bancshares

Here are the key news stories impacting Commerce Bancshares this week:

• Positive Sentiment: Value-stock appeal: Zacks highlighted CBSH as a strong value stock, which may attract investors seeking a profitable regional bank trading at a relatively reasonable valuation. Here’s Why Commerce Bancshares Is a Strong Value Stock
• Positive Sentiment: Recent earnings beat estimates: Commerce Bancshares reported quarterly EPS of $1.10, exceeding the $1.04 consensus estimate, while revenue of $498.91 million also topped expectations of $492.22 million. The company generated a 26.07% net margin and 14.31% return on equity, supporting the fundamental case for the stock.
• Neutral Sentiment: Analyst outlook remains mixed: Several firms recently raised their price targets, including Piper Sandler to $66 and Keefe, Bruyette & Woods to $62, but ratings remain mostly neutral. CBSH has an overall “Hold” consensus and an average target price of $62.43, implying limited upside from recent levels.
• Negative Sentiment: Multiple insiders sold shares: CEO John W. Kemper sold 5,830 shares worth approximately $353,181, CFO Charles G. Kim sold 19,771 shares worth about $1.17 million, and SVP Derrick Brooks sold 1,041 shares valued at roughly $62,075. The transactions reduced their individual holdings by approximately 2.75%, 14.21%, and 7.35%, respectively. Although insider sales can reflect personal financial planning rather than concerns about business prospects, the concentration of selling may weigh on sentiment, particularly with the stock near its 52-week high. Commerce Bancshares Insider Selling

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Stephens set a $64.00 price target on shares of Commerce Bancshares and gave the stock an “equal weight” rating in a research report on Friday, July 17th. Keefe, Bruyette & Woods lifted their price objective on Commerce Bancshares from $60.00 to $62.00 and gave the company a “market perform” rating in a report on Monday, July 20th. Piper Sandler reiterated a “neutral” rating and issued a $66.00 price objective (up from $59.00) on shares of Commerce Bancshares in a research note on Friday, July 17th. Hovde Group dropped their target price on Commerce Bancshares from $63.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, April 22nd. Finally, TD Cowen reiterated a “hold” rating and issued a $63.00 price target (up from $62.00) on shares of Commerce Bancshares in a research report on Friday, July 17th. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $62.43.

Hedge Funds Weigh In On Commerce Bancshares

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fulton Bank N.A. increased its holdings in shares of Commerce Bancshares by 21.8% during the second quarter. Fulton Bank N.A. now owns 11,757 shares of the financial services provider’s stock worth $679,000 after buying an additional 2,105 shares in the last quarter. Trust Point Inc. grew its position in Commerce Bancshares by 10.6% during the 2nd quarter. Trust Point Inc. now owns 4,919 shares of the financial services provider’s stock worth $284,000 after acquiring an additional 471 shares during the last quarter. GAMMA Investing LLC increased its holdings in Commerce Bancshares by 39.7% during the 2nd quarter. GAMMA Investing LLC now owns 1,900 shares of the financial services provider’s stock valued at $110,000 after purchasing an additional 540 shares in the last quarter. Stonebridge Financial Group LLC raised its position in Commerce Bancshares by 4.4% in the 2nd quarter. Stonebridge Financial Group LLC now owns 81,288 shares of the financial services provider’s stock valued at $4,694,000 after purchasing an additional 3,433 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its stake in Commerce Bancshares by 5.2% in the first quarter. Pacer Advisors Inc. now owns 16,273 shares of the financial services provider’s stock worth $801,000 after purchasing an additional 805 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Commerce Bancshares Company Profile

Commerce Bancshares, Inc is a bank holding company primarily engaged in providing a broad range of banking and financial services across the Midwest. Through its principal subsidiary, Commerce Bank, the company offers commercial and consumer banking, treasury management, trust and wealth advisory, and mortgage lending. Its diversified product suite includes deposit and loan products, cash management solutions, capital markets services, and private banking designed to meet the needs of individuals, small businesses, and large corporations.

The company’s commercial banking group delivers tailored credit facilities, equipment and inventory financing, asset-based lending, and merchant services.