Commerce Bancshares, Inc. (NASDAQ:CBSH) Receives Average Rating of "Hold" from Analysts

Key Points

• Analysts give Commerce Bancshares a consensus "Hold" rating (8 holds, 1 buy) with an average 1‑year price target of $61.51, and several firms have recently trimmed targets (e.g., TD Cowen cut to $55, Morgan Stanley to $65).
• Company insiders have been net sellers recently — including CEO John Kemper selling 23,397 shares — with insiders selling 29,477 shares worth about $1.59 million over the last three months (insiders own 3.10% of shares).
• Commerce declared a quarterly dividend of $0.275 (annualized $1.10), implying a yield of 2.3%; the ex‑dividend date is March 6 and payment is March 24.

Commerce Bancshares, Inc. (NASDAQ:CBSH - Get Free Report) has earned a consensus rating of "Hold" from the nine research firms that are covering the company, Marketbeat.com reports. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $61.5102.

CBSH has been the topic of several recent analyst reports. TD Cowen reduced their target price on Commerce Bancshares from $61.00 to $55.00 and set a "hold" rating on the stock in a report on Wednesday, January 7th. Weiss Ratings restated a "hold (c)" rating on shares of Commerce Bancshares in a report on Monday, December 29th. Piper Sandler set a $62.00 price target on Commerce Bancshares and gave the stock a "neutral" rating in a research report on Monday, January 26th. Zacks Research upgraded Commerce Bancshares from a "strong sell" rating to a "hold" rating in a research report on Wednesday, March 4th. Finally, Morgan Stanley lowered their target price on Commerce Bancshares from $67.00 to $65.00 and set an "equal weight" rating for the company in a research note on Monday, March 2nd.

Insider Activity at Commerce Bancshares

In related news, SVP Kim L. Jakovich sold 949 shares of the business's stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $51.45, for a total value of $48,826.05. Following the sale, the senior vice president directly owned 12,741 shares of the company's stock, valued at approximately $655,524.45. The trade was a 6.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO John W. Kemper sold 23,397 shares of the company's stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $53.99, for a total transaction of $1,263,204.03. Following the completion of the transaction, the chief executive officer directly owned 206,528 shares of the company's stock, valued at approximately $11,150,446.72. The trade was a 10.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 29,477 shares of company stock valued at $1,586,655 over the last three months. Insiders own 3.10% of the company's stock.

Institutional Trading of Commerce Bancshares

A number of institutional investors have recently modified their holdings of CBSH. Geneos Wealth Management Inc. boosted its stake in shares of Commerce Bancshares by 85.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 469 shares of the financial services provider's stock worth $29,000 after buying an additional 216 shares during the last quarter. Savant Capital LLC acquired a new stake in Commerce Bancshares in the 2nd quarter valued at about $250,000. Police & Firemen s Retirement System of New Jersey boosted its stake in shares of Commerce Bancshares by 6.6% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 47,497 shares of the financial services provider's stock worth $2,953,000 after acquiring an additional 2,922 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Commerce Bancshares by 6.9% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 31,196 shares of the financial services provider's stock valued at $1,939,000 after acquiring an additional 2,015 shares during the period. Finally, Ontario Teachers Pension Plan Board lifted its holdings in Commerce Bancshares by 13.7% during the 2nd quarter. Ontario Teachers Pension Plan Board now owns 27,469 shares of the financial services provider's stock valued at $1,708,000 after purchasing an additional 3,310 shares during the last quarter. 70.26% of the stock is currently owned by institutional investors.

Commerce Bancshares Stock Performance

CBSH opened at $47.65 on Friday. The firm's fifty day moving average is $52.89 and its two-hundred day moving average is $53.39. The firm has a market cap of $7.00 billion, a PE ratio of 11.37, a price-to-earnings-growth ratio of 2.39 and a beta of 0.61. Commerce Bancshares has a twelve month low of $47.28 and a twelve month high of $63.19.

Commerce Bancshares (NASDAQ:CBSH - Get Free Report) last announced its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.02. Commerce Bancshares had a net margin of 26.51% and a return on equity of 15.34%. The company had revenue of $449.36 million during the quarter, compared to analyst estimates of $442.47 million. During the same quarter in the previous year, the business earned $1.01 EPS. The firm's revenue was up 6.5% on a year-over-year basis. Equities analysts forecast that Commerce Bancshares will post 3.94 EPS for the current fiscal year.

Commerce Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Friday, March 6th will be issued a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Friday, March 6th. Commerce Bancshares's dividend payout ratio is 26.25%.

About Commerce Bancshares

Commerce Bancshares, Inc is a bank holding company primarily engaged in providing a broad range of banking and financial services across the Midwest. Through its principal subsidiary, Commerce Bank, the company offers commercial and consumer banking, treasury management, trust and wealth advisory, and mortgage lending. Its diversified product suite includes deposit and loan products, cash management solutions, capital markets services, and private banking designed to meet the needs of individuals, small businesses, and large corporations.

The company's commercial banking group delivers tailored credit facilities, equipment and inventory financing, asset-based lending, and merchant services.

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