16,257 Shares in Commerce Bancshares, Inc. (NASDAQ:CBSH) Bought by Nomura Holdings Inc.

Nomura Holdings Inc. bought a new position in Commerce Bancshares, Inc. (NASDAQ:CBSH - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 16,257 shares of the financial services provider's stock, valued at approximately $1,013,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Kapitalo Investimentos Ltda purchased a new stake in shares of Commerce Bancshares in the fourth quarter valued at approximately $26,000. CoreFirst Bank & Trust purchased a new stake in shares of Commerce Bancshares in the 4th quarter worth $33,000. Marshall Investment Management LLC purchased a new stake in shares of Commerce Bancshares in the 4th quarter worth $35,000. V Square Quantitative Management LLC grew its position in shares of Commerce Bancshares by 84.0% during the 4th quarter. V Square Quantitative Management LLC now owns 791 shares of the financial services provider's stock worth $49,000 after buying an additional 361 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its stake in shares of Commerce Bancshares by 46.9% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 839 shares of the financial services provider's stock valued at $52,000 after buying an additional 268 shares during the period. Hedge funds and other institutional investors own 70.26% of the company's stock.

Insider Buying and Selling at Commerce Bancshares

In other Commerce Bancshares news, Director June Mcallister Fowler sold 1,618 shares of the stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $60.72, for a total value of $98,244.96. Following the sale, the director now directly owns 3,175 shares of the company's stock, valued at approximately $192,786. This represents a 33.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 3.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on CBSH shares. Piper Sandler upped their price objective on Commerce Bancshares from $65.00 to $66.00 and gave the stock a "neutral" rating in a research note on Thursday, April 17th. Morgan Stanley raised shares of Commerce Bancshares from an "underweight" rating to an "equal weight" rating and decreased their price target for the company from $66.00 to $58.00 in a research report on Monday, April 7th. Keefe, Bruyette & Woods cut their price objective on shares of Commerce Bancshares from $74.00 to $70.00 and set a "market perform" rating on the stock in a research report on Thursday, April 17th. Wall Street Zen cut shares of Commerce Bancshares from a "hold" rating to a "sell" rating in a research report on Wednesday. Finally, Wells Fargo & Company cut their price target on shares of Commerce Bancshares from $70.00 to $60.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $63.20.

Commerce Bancshares Stock Performance

Shares of CBSH stock traded up $0.04 during trading hours on Thursday, reaching $63.23. The company had a trading volume of 540,408 shares, compared to its average volume of 591,694. Commerce Bancshares, Inc. has a 12-month low of $49.97 and a 12-month high of $72.75. The company has a market capitalization of $8.44 billion, a price-to-earnings ratio of 15.77, a PEG ratio of 2.13 and a beta of 0.60. The stock has a fifty day moving average of $61.17 and a 200-day moving average of $64.45.

Commerce Bancshares (NASDAQ:CBSH - Get Free Report) last posted its earnings results on Wednesday, April 16th. The financial services provider reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.05. Commerce Bancshares had a net margin of 25.24% and a return on equity of 16.31%. The company had revenue of $428.05 million for the quarter, compared to analyst estimates of $417.85 million. On average, analysts forecast that Commerce Bancshares, Inc. will post 3.94 EPS for the current year.

Commerce Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Friday, June 6th will be issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend is Friday, June 6th. Commerce Bancshares's dividend payout ratio (DPR) is 26.63%.

Commerce Bancshares Company 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.