Dimensional Fund Advisors LP Has $141.58 Million Holdings in Commerce Bancshares, Inc. (NASDAQ:CBSH)

Dimensional Fund Advisors LP raised its stake in Commerce Bancshares, Inc. (NASDAQ:CBSH - Free Report) by 11.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,272,118 shares of the financial services provider's stock after buying an additional 227,052 shares during the quarter. Dimensional Fund Advisors LP owned about 1.77% of Commerce Bancshares worth $141,584,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Barclays PLC lifted its stake in Commerce Bancshares by 19.4% in the 3rd quarter. Barclays PLC now owns 106,934 shares of the financial services provider's stock valued at $6,353,000 after acquiring an additional 17,400 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Commerce Bancshares in the third quarter worth $566,000. Wilmington Savings Fund Society FSB acquired a new position in Commerce Bancshares during the third quarter worth $475,000. Tidal Investments LLC grew its position in Commerce Bancshares by 13.5% in the third quarter. Tidal Investments LLC now owns 39,040 shares of the financial services provider's stock valued at $2,319,000 after purchasing an additional 4,654 shares in the last quarter. Finally, Franklin Resources Inc. acquired a new stake in Commerce Bancshares in the 3rd quarter valued at $2,861,000. Institutional investors and hedge funds own 70.26% of the company's stock.

Analysts Set New Price Targets

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

Insider Buying and Selling at Commerce Bancshares

In other Commerce Bancshares news, VP David L. Orf sold 1,036 shares of the business's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $68.24, for a total value of $70,696.64. Following the completion of the sale, the vice president now owns 22,175 shares of the company's stock, valued at $1,513,222. The trade was a 4.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO John W. Kemper sold 26,042 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $67.28, for a total transaction of $1,752,105.76. Following the transaction, the chief executive officer now directly owns 211,929 shares in the company, valued at $14,258,583.12. This represents a 10.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 50,842 shares of company stock valued at $3,423,857 in the last ninety days. 3.10% of the stock is currently owned by corporate insiders.

Commerce Bancshares Price Performance

CBSH stock traded up $0.25 during midday trading on Thursday, reaching $60.99. 63,603 shares of the company were exchanged, compared to its average volume of 588,080. The firm has a market capitalization of $8.18 billion, a price-to-earnings ratio of 15.28, a price-to-earnings-growth ratio of 2.13 and a beta of 0.71. The business has a 50-day moving average price of $60.70 and a two-hundred day moving average price of $64.22. Commerce Bancshares, Inc. has a one year low of $49.97 and a one year high of $72.75.

Commerce Bancshares (NASDAQ:CBSH - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $0.98 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 analyst estimates of $417.85 million. Commerce Bancshares had a net margin of 25.24% and a return on equity of 16.31%. As a group, analysts anticipate that Commerce Bancshares, Inc. will post 3.94 earnings per share for the current fiscal year.

Commerce Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Friday, June 6th will be paid a $0.275 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $1.10 annualized dividend and a yield of 1.80%. Commerce Bancshares's dividend payout ratio (DPR) is presently 26.63%.

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.