Equities analysts predict that Commerce Bancshares, Inc. (NASDAQ:CBSH) will announce $312.74 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Commerce Bancshares’ earnings, with the lowest sales estimate coming in at $306.35 million and the highest estimate coming in at $319.00 million. Commerce Bancshares reported sales of $290.56 million during the same quarter last year, which suggests a positive year over year growth rate of 7.6%. The business is scheduled to announce its next earnings report on Friday, October 13th.

On average, analysts expect that Commerce Bancshares will report full year sales of $312.74 million for the current financial year, with estimates ranging from $1.22 billion to $1.27 billion. For the next fiscal year, analysts anticipate that the company will post sales of $1.30 billion per share, with estimates ranging from $1.27 billion to $1.34 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Commerce Bancshares.

Commerce Bancshares (NASDAQ:CBSH) last issued its quarterly earnings results on Thursday, July 13th. The financial services provider reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.05. Commerce Bancshares had a return on equity of 12.01% and a net margin of 23.79%. The firm had revenue of $305.89 million for the quarter, compared to analysts’ expectations of $309.44 million. During the same quarter in the prior year, the firm earned $0.70 EPS. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year.

A number of research firms have commented on CBSH. Zacks Investment Research raised Commerce Bancshares from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a report on Tuesday, September 5th. Keefe, Bruyette & Woods reissued a “sell” rating and issued a $46.00 target price on shares of Commerce Bancshares in a report on Monday, June 12th. BidaskClub lowered Commerce Bancshares from a “hold” rating to a “sell” rating in a report on Saturday, June 24th. Raymond James Financial, Inc. reaffirmed an “underperform” rating on shares of Commerce Bancshares in a report on Thursday, August 10th. Finally, Morgan Stanley lifted their price objective on Commerce Bancshares from $48.00 to $49.00 and gave the stock an “underweight” rating in a report on Tuesday, June 6th. Five investment analysts have rated the stock with a sell rating and six have given a hold rating to the company. The stock presently has an average rating of “Hold” and an average target price of $55.25.

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In related news, Chairman David W. Kemper sold 10,132 shares of Commerce Bancshares stock in a transaction on Friday, July 21st. The stock was sold at an average price of $57.83, for a total transaction of $585,933.56. Following the transaction, the chairman now directly owns 1,270,757 shares in the company, valued at $73,487,877.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffery D. Aberdeen sold 687 shares of Commerce Bancshares stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $59.09, for a total value of $40,594.83. Following the transaction, the insider now owns 40,232 shares in the company, valued at $2,377,308.88. The disclosure for this sale can be found here. Insiders sold 20,819 shares of company stock valued at $1,174,728 in the last ninety days. 4.30% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CBSH. Janney Montgomery Scott LLC purchased a new position in Commerce Bancshares during the first quarter valued at $270,000. Great West Life Assurance Co. Can lifted its position in Commerce Bancshares by 3.4% during the first quarter. Great West Life Assurance Co. Can now owns 71,265 shares of the financial services provider’s stock valued at $3,996,000 after purchasing an additional 2,357 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Commerce Bancshares by 4.1% during the first quarter. Bank of New York Mellon Corp now owns 1,044,033 shares of the financial services provider’s stock valued at $58,633,000 after purchasing an additional 41,385 shares in the last quarter. Suntrust Banks Inc. lifted its position in Commerce Bancshares by 3.3% during the first quarter. Suntrust Banks Inc. now owns 5,758 shares of the financial services provider’s stock valued at $323,000 after purchasing an additional 182 shares in the last quarter. Finally, Swiss National Bank lifted its position in Commerce Bancshares by 1.5% during the first quarter. Swiss National Bank now owns 150,314 shares of the financial services provider’s stock valued at $8,442,000 after purchasing an additional 2,200 shares in the last quarter. Institutional investors own 62.20% of the company’s stock.

Shares of Commerce Bancshares (CBSH) traded down 0.07% on Tuesday, hitting $56.48. The stock had a trading volume of 320,740 shares. The stock has a market cap of $5.74 billion, a PE ratio of 20.46 and a beta of 0.82. The stock has a 50 day moving average of $55.42 and a 200-day moving average of $55.91. Commerce Bancshares has a 12 month low of $47.64 and a 12 month high of $60.61.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Friday, September 8th will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend is Thursday, September 7th. Commerce Bancshares’s payout ratio is currently 32.64%.

Commerce Bancshares Company Profile

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.

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Earnings History and Estimates for Commerce Bancshares (NASDAQ:CBSH)

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