31,882 Shares in Commerce Bancshares, Inc. $CBSH Purchased by First National Bank of Omaha

First National Bank of Omaha purchased a new stake in Commerce Bancshares, Inc. (NASDAQ:CBSH - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 31,882 shares of the financial services provider's stock, valued at approximately $1,852,000.

Other large investors also recently bought and sold shares of the company. Danske Bank A S acquired a new position in shares of Commerce Bancshares during the third quarter valued at approximately $25,000. Geneos Wealth Management Inc. boosted its stake in shares of Commerce Bancshares by 85.4% in the first quarter. Geneos Wealth Management Inc. now owns 469 shares of the financial services provider's stock worth $29,000 after acquiring an additional 216 shares during the last quarter. Root Financial Partners LLC increased its position in shares of Commerce Bancshares by 104.9% during the first quarter. Root Financial Partners LLC now owns 623 shares of the financial services provider's stock worth $31,000 after purchasing an additional 319 shares in the last quarter. Laurel Wealth Advisors LLC purchased a new stake in shares of Commerce Bancshares during the fourth quarter worth approximately $34,000. Finally, Rothschild Investment LLC raised its stake in Commerce Bancshares by 75.3% in the 4th quarter. Rothschild Investment LLC now owns 1,031 shares of the financial services provider's stock valued at $54,000 after purchasing an additional 443 shares during the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Commerce Bancshares

In related news, EVP Robert S. Holmes sold 5,000 shares of the firm's stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $60.20, for a total transaction of $301,000.00. Following the completion of the sale, the executive vice president directly owned 55,962 shares in the company, valued at approximately $3,368,912.40. This trade represents a 8.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP David L. Orf sold 642 shares of the firm'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 sale, the vice president owned 24,962 shares of the company's stock, valued at approximately $1,506,456.70. The trade was a 2.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 32,484 shares of company stock valued at $1,936,055 in the last three months. 1.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Wall Street Zen upgraded Commerce Bancshares from a "sell" rating to a "hold" rating in a report on Tuesday, July 28th. Keefe, Bruyette & Woods increased their target price on shares of Commerce Bancshares from $60.00 to $62.00 and gave the company a "market perform" rating in a research report on Monday, July 20th. Stephens set a $64.00 price target on shares of Commerce Bancshares and gave the stock an "equal weight" rating in a research note on Friday, July 17th. Weiss Ratings upgraded shares of Commerce Bancshares from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, July 21st. Finally, Wells Fargo & Company set a $63.00 price objective on shares of Commerce Bancshares and gave the company an "equal weight" rating in a research note on Monday, August 10th. Three research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Commerce Bancshares has an average rating of "Hold" and a consensus target price of $63.29.

Commerce Bancshares Stock Performance

Shares of Commerce Bancshares stock opened at $58.87 on Thursday. The business's 50 day moving average price is $58.17 and its 200 day moving average price is $53.76. The company has a market cap of $8.44 billion, a price-to-earnings ratio of 14.25, a PEG ratio of 2.12 and a beta of 0.59. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.82 and a current ratio of 0.82. Commerce Bancshares, Inc. has a one year low of $46.99 and a one year high of $60.92.

Commerce Bancshares (NASDAQ:CBSH - Get Free Report) last issued its earnings results on Thursday, July 16th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.06. Commerce Bancshares had a return on equity of 14.31% and a net margin of 26.07%.The company had revenue of $498.91 million during the quarter, compared to analysts' expectations of $492.22 million. During the same period in the prior year, the business earned $1.14 EPS. On average, research analysts predict that Commerce Bancshares, Inc. will post 4.25 EPS for the current year.

Commerce Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Friday, September 4th will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.10 annualized dividend and a dividend yield of 1.9%. Commerce Bancshares's payout ratio is presently 26.63%.

Commerce Bancshares Company Profile

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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