Wall Street analysts expect Commerce Bancshares, Inc. (NASDAQ:CBSH) to post $0.91 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Commerce Bancshares’ earnings, with the highest EPS estimate coming in at $0.99 and the lowest estimate coming in at $0.86. Commerce Bancshares reported earnings of $0.88 per share during the same quarter last year, which would suggest a positive year over year growth rate of 3.4%. The business is scheduled to issue its next earnings results on Thursday, April 11th.

On average, analysts expect that Commerce Bancshares will report full year earnings of $3.81 per share for the current financial year, with EPS estimates ranging from $3.65 to $3.95. For the next financial year, analysts forecast that the firm will report earnings of $3.94 per share, with EPS estimates ranging from $3.78 to $4.12. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow Commerce Bancshares.

Commerce Bancshares (NASDAQ:CBSH) last posted its earnings results on Thursday, January 17th. The financial services provider reported $0.96 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.01. Commerce Bancshares had a net margin of 31.18% and a return on equity of 16.29%. The firm had revenue of $345.31 million for the quarter, compared to analysts’ expectations of $335.66 million. During the same quarter last year, the firm earned $0.74 EPS.

Several research firms have commented on CBSH. BidaskClub raised shares of Commerce Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday. Stephens reissued a “hold” rating and set a $65.00 target price on shares of Commerce Bancshares in a research report on Wednesday, December 19th. Raymond James raised shares of Commerce Bancshares from an “underperform” rating to a “market perform” rating and set a $60.43 price target on the stock in a report on Friday, January 18th. They noted that the move was a valuation call. Morgan Stanley lowered their price target on shares of Commerce Bancshares from $58.00 to $56.00 and set an “underweight” rating on the stock in a report on Tuesday, December 11th. Finally, Zacks Investment Research cut shares of Commerce Bancshares from a “buy” rating to a “hold” rating in a report on Tuesday, November 20th. Two equities research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $63.49.

In related news, VP Daniel D. Callahan sold 787 shares of Commerce Bancshares stock in a transaction that occurred on Monday, January 28th. The shares were sold at an average price of $60.74, for a total value of $47,802.38. Following the completion of the transaction, the vice president now directly owns 25,848 shares in the company, valued at approximately $1,570,007.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kevin G. Barth sold 6,976 shares of Commerce Bancshares stock in a transaction that occurred on Tuesday, January 29th. The shares were sold at an average price of $61.26, for a total transaction of $427,349.76. Following the completion of the transaction, the insider now owns 79,126 shares of the company’s stock, valued at $4,847,258.76. The disclosure for this sale can be found here. Insiders sold a total of 12,563 shares of company stock worth $775,680 in the last ninety days. 4.00% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Creative Planning grew its stake in Commerce Bancshares by 0.9% in the 3rd quarter. Creative Planning now owns 115,235 shares of the financial services provider’s stock valued at $7,608,000 after buying an additional 1,010 shares in the last quarter. Northern Trust Corp grew its stake in Commerce Bancshares by 1.0% in the 2nd quarter. Northern Trust Corp now owns 736,430 shares of the financial services provider’s stock valued at $47,655,000 after buying an additional 7,402 shares in the last quarter. Meyer Handelman Co. purchased a new position in Commerce Bancshares in the 3rd quarter valued at approximately $1,701,000. Caxton Associates LP purchased a new position in Commerce Bancshares in the 3rd quarter valued at approximately $230,000. Finally, Retirement Capital Strategies purchased a new position in Commerce Bancshares in the 3rd quarter valued at approximately $286,000. Institutional investors and hedge funds own 60.48% of the company’s stock.

Commerce Bancshares stock opened at $59.80 on Friday. Commerce Bancshares has a 52 week low of $53.40 and a 52 week high of $72.55. The company has a market cap of $6.74 billion, a price-to-earnings ratio of 15.82, a PEG ratio of 3.65 and a beta of 0.75.

The business also recently declared a quarterly dividend, which will be paid on Monday, March 25th. Investors of record on Friday, March 8th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Thursday, March 7th. This is a boost from Commerce Bancshares’s previous quarterly dividend of $0.24. Commerce Bancshares’s payout ratio is 24.87%.

Commerce Bancshares Company Profile

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

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