Barclays PLC Raises Stock Holdings in Commerce Bancshares, Inc. (NASDAQ:CBSH)

Barclays PLC raised its stake in shares of Commerce Bancshares, Inc. (NASDAQ:CBSH - Free Report) by 35.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 144,313 shares of the financial services provider's stock after acquiring an additional 37,379 shares during the period. Barclays PLC owned about 0.11% of Commerce Bancshares worth $8,992,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of CBSH. CoreFirst Bank & Trust bought a new position in Commerce Bancshares during the 4th quarter valued at $33,000. Marshall Investment Management LLC bought a new position in Commerce Bancshares during the 4th quarter valued at $35,000. V Square Quantitative Management LLC lifted its stake in Commerce Bancshares by 84.0% during the 4th quarter. V Square Quantitative Management LLC now owns 791 shares of the financial services provider's stock valued at $49,000 after acquiring an additional 361 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in Commerce Bancshares by 46.9% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 839 shares of the financial services provider's stock valued at $52,000 after acquiring an additional 268 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Commerce Bancshares by 19.6% during the 4th quarter. GAMMA Investing LLC now owns 1,139 shares of the financial services provider's stock worth $71,000 after purchasing an additional 187 shares during the period. 70.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Commerce Bancshares

In other news, VP David L. Orf sold 1,036 shares of the business's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $68.24, for a total transaction of $70,696.64. Following the completion of the transaction, the vice president now owns 22,175 shares of the company's stock, valued at approximately $1,513,222. The trade was a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Patricia R. Kellerhals sold 1,719 shares of the business's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $67.30, for a total value of $115,688.70. Following the transaction, the senior vice president now directly owns 18,688 shares of the company's stock, valued at $1,257,702.40. The trade was a 8.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 50,842 shares of company stock valued at $3,423,857 in the last quarter. 3.10% of the stock is currently owned by corporate insiders.

Commerce Bancshares Stock Up 0.8 %

Commerce Bancshares stock traded up $0.47 during midday trading on Monday, reaching $61.03. The stock had a trading volume of 358,777 shares, compared to its average volume of 589,633. Commerce Bancshares, Inc. has a 12 month low of $49.97 and a 12 month high of $72.75. The firm's 50-day moving average price is $60.84 and its 200 day moving average price is $64.27. The firm has a market capitalization of $8.18 billion, a PE ratio of 15.22, a P/E/G ratio of 2.13 and a beta of 0.71.

Commerce Bancshares (NASDAQ:CBSH - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.93 by $0.05. The business had revenue of $428.05 million for the quarter, compared to analysts' expectations of $417.85 million. Commerce Bancshares had a return on equity of 16.31% and a net margin of 25.24%. Equities research analysts expect that Commerce Bancshares, Inc. will post 3.94 EPS for the current year.

Commerce Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Friday, June 6th will be issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend is Friday, June 6th. Commerce Bancshares's payout ratio is presently 26.63%.

Analyst Ratings Changes

A number of research firms have recently commented on CBSH. Keefe, Bruyette & Woods lowered their target price on Commerce Bancshares from $74.00 to $70.00 and set a "market perform" rating on the stock in a research note on Thursday, April 17th. Morgan Stanley upgraded Commerce Bancshares from an "underweight" rating to an "equal weight" rating and lowered their target price for the stock from $66.00 to $58.00 in a research note on Monday, April 7th. Piper Sandler lifted their target price on Commerce Bancshares from $65.00 to $66.00 and gave the stock a "neutral" rating in a research note on Thursday, April 17th. Wells Fargo & Company lowered their target price on Commerce Bancshares from $70.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 9th. Finally, StockNews.com cut Commerce Bancshares from a "hold" rating to a "sell" rating in a research note on Thursday, April 17th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $63.20.

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 in the United States. It operates through three segments: Consumer, Commercial, and Wealth.