Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Commerce Bancshares (CBSH) Share Price
Media stories about Commerce Bancshares (NASDAQ:CBSH) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Commerce Bancshares earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 45.3600233314191 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
- Commerce Bancshares Inc (finance.yahoo.com)
- Commerce Bancshares, Inc. (CBSH) Stake Increased by Proshare Advisors LLC (highlightpress.com)
- IHS Markit Score downgrades Commerce Bancshares Inc to 20 out of 100, ranking positively in two out of three available IHS Markit categories. (finance.yahoo.com)
- Commerce Bancshares Breaks Below 200-Day Moving Average – Notable for CBSH (nasdaq.com)
- Commerce Bancshares, Inc. (Missouri) breached its 50 day moving average in a Bearish Manner : CBSH-US : August 10, 2017 (finance.yahoo.com)
Shares of Commerce Bancshares (CBSH) opened at 55.22 on Friday. Commerce Bancshares has a 52 week low of $45.37 and a 52 week high of $60.61. The company’s 50 day moving average is $57.34 and its 200-day moving average is $56.49. The company has a market capitalization of $5.61 billion, a PE ratio of 20.01 and a beta of 0.81.
Commerce Bancshares (NASDAQ:CBSH) last released its quarterly earnings results on Thursday, July 13th. The financial services provider reported $0.75 EPS for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.05. The company had revenue of $305.89 million for the quarter, compared to analyst estimates of $309.44 million. Commerce Bancshares had a return on equity of 12.42% and a net margin of 25.68%. Commerce Bancshares’s revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.70 earnings per share. On average, analysts expect that Commerce Bancshares will post $2.94 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Friday, September 8th will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Thursday, September 7th. Commerce Bancshares’s dividend payout ratio is currently 32.64%.
CBSH has been the subject of several analyst reports. Zacks Investment Research raised shares of Commerce Bancshares from a “sell” rating to a “hold” rating in a report on Monday, July 10th. Barclays PLC set a $58.00 price target on shares of Commerce Bancshares and gave the company a “hold” rating in a report on Sunday, July 16th. BidaskClub raised shares of Commerce Bancshares from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Wells Fargo & Company reissued a “market perform” rating and set a $53.00 price target (up previously from $51.00) on shares of Commerce Bancshares in a report on Friday, July 14th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $61.00 price target on shares of Commerce Bancshares in a report on Friday, July 14th. Five analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $55.00.
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In related news, Vice Chairman Jonathan M. Kemper sold 36,979 shares of the stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $54.10, for a total transaction of $2,000,563.90. Following the completion of the transaction, the insider now directly owns 1,045,605 shares in the company, valued at $56,567,230.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jeffery D. Aberdeen sold 687 shares of the stock in a transaction dated Tuesday, July 25th. The stock was 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 of the company’s stock, valued at $2,377,308.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 48,099 shares of company stock valued at $2,643,431. 4.30% of the stock is owned by corporate insiders.
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.
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