55 North Private Wealth LLC Purchases New Holdings in Commerce Bancshares, Inc. $CBSH

Key Points

• 55 North Private Wealth acquired 31,996 shares of Commerce Bancshares during the third quarter, valued at approximately $1.75 million. Institutional investors collectively own 70.26% of the company.
• Commerce Bancshares reported third-quarter EPS of $1.08, narrowly beating estimates and rising from $1.06 a year earlier, while net income increased to $155.0 million. Loan growth, higher non-interest income and lower expenses supported profitability, despite revenue and net interest income pressure.
• Analysts maintain a generally cautious outlook, with the stock carrying an average “Hold” rating and a $64.29 target price versus a recent price of $55.44. Insiders have sold 32,950 shares worth about $1.96 million over the past 90 days.

55 North Private Wealth LLC acquired a new stake in Commerce Bancshares, Inc. (NASDAQ:CBSH - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 31,996 shares of the financial services provider's stock, valued at approximately $1,751,000.

A number of other institutional investors have also made changes to their positions in CBSH. GAMMA Investing LLC boosted its holdings in Commerce Bancshares by 11.4% during the third quarter. GAMMA Investing LLC now owns 2,116 shares of the financial services provider's stock worth $116,000 after purchasing an additional 216 shares during the last quarter. MTM Investment Management LLC increased its stake in Commerce Bancshares by 0.3% in the 1st quarter. MTM Investment Management LLC now owns 88,242 shares of the financial services provider's stock valued at $4,342,000 after buying an additional 281 shares during the last quarter. Versant Capital Management Inc increased its stake in Commerce Bancshares by 146.6% in the 3rd quarter. Versant Capital Management Inc now owns 508 shares of the financial services provider's stock valued at $28,000 after buying an additional 302 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in Commerce Bancshares by 18.1% in the 2nd quarter. Parkside Financial Bank & Trust now owns 2,028 shares of the financial services provider's stock valued at $117,000 after buying an additional 311 shares during the last quarter. Finally, IFP Advisors Inc lifted its position in Commerce Bancshares by 14.3% during the 3rd quarter. IFP Advisors Inc now owns 2,492 shares of the financial services provider's stock worth $136,000 after buying an additional 312 shares in the last quarter. Institutional investors own 70.26% of the company's stock.

Commerce Bancshares News Roundup

Here are the key news stories impacting Commerce Bancshares this week:

• Positive Sentiment: Third-quarter earnings were $1.08 per share, up from $1.06 a year earlier and narrowly above the $1.07 analyst consensus. Net income increased to $155.0 million from $141.5 million. Commerce Bancshares Third Quarter Earnings Release
• Positive Sentiment: Profitability remained solid, with a 26.07% net margin and 14.31% return on equity. Non-interest income rose $24.0 million year over year, while non-interest expense declined $11.1 million from the prior quarter, supporting operating efficiency. Commerce Bancshares Q3 Results
• Positive Sentiment: Average loans increased by $172.3 million sequentially to $20.7 billion, indicating continued lending growth. The company also repurchased approximately 1.9 million shares at an average price of $58.84, which may support per-share results and signal confidence in valuation. Commerce Bancshares Loan Growth and Share Repurchases
• Neutral Sentiment: Revenue totaled $494.3 million, slightly below the $496.8 million consensus and down from $499.0 million in the second quarter. Analysts may view the small miss as manageable given the earnings beat and expense control. Commerce Bancshares Earnings Results
• Negative Sentiment: Net interest income fell $6.2 million from the prior quarter, and quarterly EPS declined from $1.10 in the second quarter. These trends suggest continued pressure on the bank’s core interest-rate-sensitive business. Commerce Bancshares Net Interest Income Report
• Negative Sentiment: Recent reported insider activity consisted of eight sales and no purchases over six months, a potentially cautious signal, although such transactions may reflect routine diversification rather than a fundamental outlook change. Commerce Bancshares Insider Activity

Insider Transactions at Commerce Bancshares

In other news, EVP Robert S. Holmes sold 5,000 shares of Commerce Bancshares stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $60.20, for a total transaction of $301,000.00. Following the completion of the transaction, the executive vice president directly owned 55,962 shares in the company, valued at approximately $3,368,912.40. The trade was a 8.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP David L. Orf sold 642 shares of the business's stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $60.35, for a total value of $38,744.70. Following the transaction, the vice president directly owned 24,962 shares in the company, valued at $1,506,456.70. The trade was a 2.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 32,950 shares of company stock valued at $1,963,777. Company insiders own 1.80% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Wall Street Zen upgraded shares of Commerce Bancshares from a "sell" rating to a "hold" rating in a research note on Sunday, October 11th. Wells Fargo & Company set a $61.00 target price on Commerce Bancshares and gave the company an "equal weight" rating in a research report on Tuesday, September 29th. Weiss Ratings upgraded Commerce Bancshares from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday. Stephens set a $64.00 price target on Commerce Bancshares and gave the company an "equal weight" rating in a research report on Friday, July 17th. Finally, Raymond James Financial raised Commerce Bancshares to a "hold" rating in a research report on Thursday, August 27th. Three investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $64.29.

Commerce Bancshares Stock Performance

Shares of Commerce Bancshares stock traded up $0.33 during trading on Tuesday, hitting $55.44. 298,800 shares of the stock were exchanged, compared to its average volume of 1,188,421. The stock has a market capitalization of $7.95 billion, a price-to-earnings ratio of 13.42, a price-to-earnings-growth ratio of 1.70 and a beta of 0.60. The company has a fifty day moving average price of $57.08 and a 200-day moving average price of $55.41. Commerce Bancshares, Inc. has a 1-year low of $46.99 and a 1-year high of $60.92. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.01.

Commerce Bancshares (NASDAQ:CBSH - Get Free Report) last issued its earnings results on Tuesday, October 20th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.07 by $0.01. Commerce Bancshares had a net margin of 26.07% and a return on equity of 14.31%. The company had revenue of $494.34 million for the quarter, compared to analysts' expectations of $496.75 million. During the same period in the prior year, the firm earned $1.06 EPS. As a group, equities analysts predict that Commerce Bancshares, Inc. will post 4.23 EPS for the current fiscal year.

Commerce Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Friday, September 4th were given a dividend of $0.2750 per share. This represents a $1.10 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Friday, September 4th. Commerce Bancshares's payout ratio is 26.63%.

Commerce Bancshares Company Profile

Commerce Bancshares, Inc is a financial holding company headquartered in Kansas City, Missouri. Founded in 1865, the company operates Commerce Bank, which provides banking and related financial services to individuals, businesses, institutions and government entities.

Commerce Bank offers deposit accounts, consumer and commercial lending, mortgages, treasury and payment services, credit cards, investment management, trust services and institutional banking solutions. Its businesses also include capital markets and brokerage services, supporting corporate, municipal and institutional clients.

The bank serves customers primarily through a regional network spanning Missouri, Kansas, Illinois, Oklahoma and Colorado, along with digital banking channels.

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