Zacks Research Issues Optimistic Outlook for CBSH Earnings

Key Points

• Zacks Research raised its Q3 2027 EPS forecast for Commerce Bancshares to $1.15 from $1.14, and projected EPS of $1.19 for Q4 2027 and $1.24 for Q2 2028.
• In its latest reported quarter, Commerce Bancshares earned $1.08 per share, beating the $1.07 consensus estimate, while revenue of $494.34 million fell short of the $496.75 million forecast.
• Analyst sentiment is broadly neutral: three analysts rate the stock Buy and seven Hold, with an average price target of $63.50. The company also announced a 1.05-for-1 stock split and a quarterly dividend of $0.275 per share.

Commerce Bancshares, Inc. (NASDAQ:CBSH - Free Report) - Equities research analysts at Zacks Research boosted their Q3 2027 earnings per share (EPS) estimates for Commerce Bancshares in a research report issued to clients and investors on Tuesday, November 10th. Zacks Research analyst Team now forecasts that the financial services provider will post earnings per share of $1.15 for the quarter, up from their previous forecast of $1.14. The consensus estimate for Commerce Bancshares' current full-year earnings is $4.27 per share. Zacks Research also issued estimates for Commerce Bancshares' Q4 2027 earnings at $1.19 EPS and Q2 2028 earnings at $1.24 EPS.

Commerce Bancshares (NASDAQ:CBSH - Get Free Report) last posted its quarterly earnings data on Tuesday, October 20th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.01. The company had revenue of $494.34 million for the quarter, compared to the consensus estimate of $496.75 million. Commerce Bancshares had a return on equity of 14.27% and a net margin of 26.06%. During the same period in the previous year, the business earned $1.06 EPS.

Other equities research analysts have also issued research reports about the stock. Morgan Stanley upped their target price on shares of Commerce Bancshares from $76.00 to $77.00 and gave the company an "overweight" rating in a research note on Monday, September 28th. Raymond James Financial raised Commerce Bancshares to a "hold" rating in a report on Thursday, August 27th. Wall Street Zen cut Commerce Bancshares from a "hold" rating to a "sell" rating in a research note on Saturday. TD Cowen restated a "hold" rating and set a $63.00 price objective (up from $62.00) on shares of Commerce Bancshares in a research note on Friday, July 17th. Finally, Stephens set a $62.00 target price on Commerce Bancshares and gave the stock an "equal weight" rating in a report on Wednesday, October 21st. Three equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Commerce Bancshares presently has an average rating of "Hold" and an average price target of $63.50.

Commerce Bancshares Stock Performance

Shares of NASDAQ:CBSH opened at $56.03 on Wednesday. The company has a fifty day simple moving average of $56.05 and a 200 day simple moving average of $54.49. The firm has a market cap of $7.93 billion, a PE ratio of 13.50, a price-to-earnings-growth ratio of 2.35 and a beta of 0.61. Commerce Bancshares has a 12-month low of $46.99 and a 12-month high of $60.92.

Commerce Bancshares's stock is going to split on Tuesday, December 1st. The 1.05-1 split was recently announced. The newly created shares will be payable to shareholders after the closing bell on Monday, November 30th.

Institutional Trading of Commerce Bancshares

Several large investors have recently added to or reduced their stakes in CBSH. Private Wealth Asset Management LLC grew its position in Commerce Bancshares by 384.3% in the 3rd quarter. Private Wealth Asset Management LLC now owns 7,245 shares of the financial services provider's stock valued at $399,000 after buying an additional 5,749 shares in the last quarter. Private Advisor Group LLC raised its position in shares of Commerce Bancshares by 27.4% during the 3rd quarter. Private Advisor Group LLC now owns 4,753 shares of the financial services provider's stock worth $260,000 after buying an additional 1,021 shares in the last quarter. Ieq Capital LLC lifted its stake in shares of Commerce Bancshares by 39.8% in the 3rd quarter. Ieq Capital LLC now owns 173,760 shares of the financial services provider's stock worth $9,512,000 after acquiring an additional 49,507 shares during the period. Focus Advisor Solutions LLC boosted its holdings in shares of Commerce Bancshares by 124.3% in the third quarter. Focus Advisor Solutions LLC now owns 49,116 shares of the financial services provider's stock valued at $2,689,000 after acquiring an additional 27,220 shares in the last quarter. Finally, Public Sector Pension Investment Board acquired a new position in shares of Commerce Bancshares during the third quarter valued at approximately $3,361,000. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Commerce Bancshares news, SVP Douglas Neff sold 666 shares of the business's stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $58.15, for a total transaction of $38,727.90. Following the completion of the transaction, the senior vice president directly owned 11,746 shares of the company's stock, valued at $683,029.90. The trade was a 5.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP David Orf sold 642 shares of the company's stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $60.35, for a total transaction of $38,744.70. Following the completion of the transaction, the vice president owned 24,962 shares of the company's stock, valued at approximately $1,506,456.70. This trade represents a 2.51% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.80% of the company's stock.

Commerce Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 21st. Investors of record on Tuesday, December 1st will be issued a $0.2750 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Tuesday, December 1st. Commerce Bancshares's dividend payout ratio (DPR) is 26.51%.

About Commerce Bancshares

Commerce Bancshares, Inc. is a bank holding company headquartered in Kansas City, Missouri. Founded in 1865, it provides banking and financial services through its principal subsidiary, Commerce Bank. The company serves consumers, businesses, institutions and public-sector organizations. Its services include checking and savings accounts, lending, mortgage banking, treasury management, payment processing, and wealth management and trust services. Commerce Bank operates across several Midwestern and neighboring states, including Missouri, Kansas, Illinois, Oklahoma and Colorado.

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