BidaskClub cut shares of Commerce Bancshares (NASDAQ:CBSH) from a sell rating to a strong sell rating in a report issued on Saturday.

Several other equities research analysts have also weighed in on the company. Zacks Investment Research raised Commerce Bancshares from a hold rating to a buy rating and set a $62.00 price objective for the company in a research note on Tuesday, September 5th. Keefe, Bruyette & Woods reissued a sell rating and set a $51.00 price objective on shares of Commerce Bancshares in a research note on Friday, September 15th. Finally, Piper Jaffray Companies reissued a neutral rating and set a $60.00 price objective on shares of Commerce Bancshares in a research note on Friday, October 6th. Six equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company presently has a consensus rating of Sell and an average price target of $56.63.

Commerce Bancshares (NASDAQ CBSH) opened at $56.50 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.68 and a current ratio of 0.68. The stock has a market capitalization of $6,030.00, a price-to-earnings ratio of 20.76, a price-to-earnings-growth ratio of 3.25 and a beta of 0.80. Commerce Bancshares has a one year low of $51.90 and a one year high of $60.61.

Commerce Bancshares (NASDAQ:CBSH) last issued its quarterly earnings results on Thursday, October 12th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). The firm had revenue of $304.83 million for the quarter, compared to the consensus estimate of $317.28 million. Commerce Bancshares had a net margin of 23.93% and a return on equity of 12.08%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.68 earnings per share. equities research analysts predict that Commerce Bancshares will post 2.77 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 18th. Stockholders of record on Thursday, November 30th were paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 1.59%. The ex-dividend date was Wednesday, November 29th. Commerce Bancshares’s dividend payout ratio is presently 33.58%.

In other news, Vice Chairman Jonathan M. Kemper sold 55,000 shares of the stock in a transaction on Monday, December 11th. The stock was sold at an average price of $55.06, for a total value of $3,028,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider V Raymond Stranghoener sold 6,399 shares of the stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $58.40, for a total value of $373,701.60. Following the completion of the sale, the insider now owns 47,112 shares of the company’s stock, valued at approximately $2,751,340.80. The disclosure for this sale can be found here. Company insiders own 4.30% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CBSH. Nuance Investments LLC lifted its holdings in shares of Commerce Bancshares by 814.4% in the second quarter. Nuance Investments LLC now owns 955,417 shares of the financial services provider’s stock valued at $54,296,000 after purchasing an additional 850,930 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in shares of Commerce Bancshares by 27.1% in the second quarter. Lazard Asset Management LLC now owns 1,448,515 shares of the financial services provider’s stock valued at $82,318,000 after purchasing an additional 308,460 shares in the last quarter. Schroder Investment Management Group lifted its holdings in shares of Commerce Bancshares by 53.0% in the second quarter. Schroder Investment Management Group now owns 831,785 shares of the financial services provider’s stock valued at $47,686,000 after purchasing an additional 288,009 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Commerce Bancshares by 2.9% in the second quarter. Vanguard Group Inc. now owns 8,599,122 shares of the financial services provider’s stock valued at $488,688,000 after purchasing an additional 246,065 shares in the last quarter. Finally, Janus Henderson Group PLC purchased a new stake in shares of Commerce Bancshares in the second quarter valued at $8,022,000. Institutional investors own 59.15% of the company’s stock.

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About Commerce Bancshares

Commerce Bancshares, Inc is a bank holding company of Commerce Bank (the Bank). The Bank is engaged in general banking business, providing a range of retail, mortgage banking, corporate, investment, trust and asset management products and services to individuals and businesses. The Company operates through three segments: Consumer, Commercial and Wealth.

Analyst Recommendations for Commerce Bancshares (NASDAQ:CBSH)

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