Walthausen & Co. LLC lifted its stake in shares of Commerce Bancshares, Inc. (NASDAQ:CBSH) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 110,424 shares of the financial services provider’s stock after purchasing an additional 399 shares during the period. Walthausen & Co. LLC owned 0.10% of Commerce Bancshares worth $6,225,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of CBSH. Oregon Public Employees Retirement Fund increased its stake in shares of Commerce Bancshares by 5,818.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,190,482 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 2,153,473 shares during the last quarter. BlackRock Inc. increased its stake in shares of Commerce Bancshares by 8.0% during the 4th quarter. BlackRock Inc. now owns 9,340,462 shares of the financial services provider’s stock worth $526,523,000 after purchasing an additional 695,399 shares during the last quarter. Findlay Park Partners LLP increased its stake in shares of Commerce Bancshares by 58.3% during the 4th quarter. Findlay Park Partners LLP now owns 1,583,037 shares of the financial services provider’s stock worth $89,236,000 after purchasing an additional 583,037 shares during the last quarter. Vanguard Group Inc increased its stake in shares of Commerce Bancshares by 3.1% during the 3rd quarter. Vanguard Group Inc now owns 9,851,300 shares of the financial services provider’s stock worth $650,384,000 after purchasing an additional 300,762 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Commerce Bancshares by 3.1% during the 3rd quarter. Vanguard Group Inc. now owns 9,851,300 shares of the financial services provider’s stock worth $650,384,000 after purchasing an additional 300,762 shares during the last quarter. Institutional investors own 64.17% of the company’s stock.

Commerce Bancshares stock traded up $0.11 during mid-day trading on Thursday, reaching $57.68. The company’s stock had a trading volume of 3,329 shares, compared to its average volume of 364,927. Commerce Bancshares, Inc. has a 12-month low of $53.40 and a 12-month high of $72.55. The firm has a market capitalization of $6.39 billion, a price-to-earnings ratio of 15.24, a P/E/G ratio of 3.47 and a beta of 0.75.

Commerce Bancshares (NASDAQ:CBSH) last released its quarterly earnings data on Thursday, January 17th. The financial services provider reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.01. Commerce Bancshares had a net margin of 31.18% and a return on equity of 16.29%. The business had revenue of $345.31 million during the quarter, compared to analyst estimates of $335.66 million. During the same period in the previous year, the business earned $0.74 EPS. Equities research analysts anticipate that Commerce Bancshares, Inc. will post 3.81 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Friday, March 8th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.80%. This is an increase from Commerce Bancshares’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Thursday, March 7th. Commerce Bancshares’s dividend payout ratio (DPR) is presently 27.51%.

In other Commerce Bancshares news, Director David W. Kemper sold 20,000 shares of the firm’s stock in a transaction on Friday, February 1st. The shares were sold at an average price of $59.81, for a total value of $1,196,200.00. Following the completion of the transaction, the director now directly owns 1,319,624 shares of the company’s stock, valued at approximately $78,926,711.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Daniel D. Callahan sold 3,300 shares of the firm’s stock in a transaction on Tuesday, January 22nd. The shares were sold at an average price of $61.11, for a total transaction of $201,663.00. Following the completion of the transaction, the insider now directly owns 24,037 shares of the company’s stock, valued at $1,468,901.07. The disclosure for this sale can be found here. Over the last three months, insiders sold 94,093 shares of company stock valued at $5,735,892. Insiders own 3.60% of the company’s stock.

Several equities research analysts have recently issued reports on CBSH shares. BidaskClub lowered shares of Commerce Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, December 4th. Barclays restated a “hold” rating and set a $65.00 price target on shares of Commerce Bancshares in a research note on Friday, January 11th. Morgan Stanley reduced their price objective on shares of Commerce Bancshares from $58.00 to $56.00 and set an “underweight” rating for the company in a research note on Tuesday, December 11th. Raymond James upgraded shares of Commerce Bancshares from an “underperform” rating to a “market perform” rating and set a $60.43 price objective for the company in a research note on Friday, January 18th. They noted that the move was a valuation call. Finally, Stephens reiterated a “hold” rating and issued a $65.00 price objective on shares of Commerce Bancshares in a research note on Wednesday, December 19th. Three research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $63.93.

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Commerce Bancshares Profile

Commerce Bancshares, Inc operates as the bank 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 banking services.

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

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