Capital Fund Management S.A. bought a new stake in Commerce Bancshares, Inc. (NASDAQ:CBSH) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 4,900 shares of the financial services provider’s stock, valued at approximately $323,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of CBSH. Citadel Advisors LLC grew its position in shares of Commerce Bancshares by 3,463.9% in the 2nd quarter. Citadel Advisors LLC now owns 996,514 shares of the financial services provider’s stock valued at $64,484,000 after buying an additional 968,553 shares during the last quarter. Schroder Investment Management Group boosted its stake in Commerce Bancshares by 34.1% during the 2nd quarter. Schroder Investment Management Group now owns 1,621,188 shares of the financial services provider’s stock worth $72,468,000 after purchasing an additional 412,145 shares during the period. Findlay Park Partners LLP boosted its stake in Commerce Bancshares by 15.9% during the 2nd quarter. Findlay Park Partners LLP now owns 1,500,000 shares of the financial services provider’s stock worth $97,065,000 after purchasing an additional 206,083 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in Commerce Bancshares by 9,859.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 164,234 shares of the financial services provider’s stock worth $10,843,000 after purchasing an additional 162,585 shares during the period. Finally, WINTON GROUP Ltd boosted its stake in Commerce Bancshares by 2,341.9% during the 2nd quarter. WINTON GROUP Ltd now owns 166,439 shares of the financial services provider’s stock worth $10,770,000 after purchasing an additional 159,623 shares during the period. 63.41% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Paula S. Petersen sold 838 shares of the firm’s stock in a transaction on Monday, September 10th. The shares were sold at an average price of $71.72, for a total value of $60,101.36. Following the completion of the sale, the insider now owns 17,698 shares in the company, valued at approximately $1,269,300.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Daniel D. Callahan sold 1,500 shares of the firm’s stock in a transaction on Wednesday, November 21st. The stock was sold at an average price of $65.91, for a total transaction of $98,865.00. Following the completion of the sale, the insider now owns 26,036 shares of the company’s stock, valued at approximately $1,716,032.76. The disclosure for this sale can be found here. Insiders sold a total of 57,378 shares of company stock valued at $4,016,405 in the last 90 days. Company insiders own 4.00% of the company’s stock.

A number of brokerages recently weighed in on CBSH. Zacks Investment Research cut shares of Commerce Bancshares from a “buy” rating to a “hold” rating in a research note on Tuesday, November 20th. BidaskClub cut shares of Commerce Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, ValuEngine cut shares of Commerce Bancshares from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. Four equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $64.33.

Shares of NASDAQ:CBSH opened at $60.61 on Thursday. The firm has a market cap of $6.76 billion, a P/E ratio of 17.20, a price-to-earnings-growth ratio of 1.92 and a beta of 0.65. Commerce Bancshares, Inc. has a 1-year low of $54.24 and a 1-year high of $72.55.

Commerce Bancshares (NASDAQ:CBSH) last issued its quarterly earnings results on Thursday, October 11th. The financial services provider reported $1.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.07. The firm had revenue of $331.47 million during the quarter, compared to analysts’ expectations of $330.91 million. Commerce Bancshares had a net margin of 30.97% and a return on equity of 15.56%. Analysts forecast that Commerce Bancshares, Inc. will post 3.71 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Friday, November 30th will be paid a $0.235 dividend. This represents a $0.94 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend is Thursday, November 29th. Commerce Bancshares’s dividend payout ratio (DPR) is presently 35.61%.

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About Commerce Bancshares

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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Institutional Ownership by Quarter for Commerce Bancshares (NASDAQ:CBSH)

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