Zacks Research Analysts Increase Earnings Estimates for CBSH

Commerce Bancshares, Inc. (NASDAQ:CBSH - Free Report) - Stock analysts at Zacks Research raised their FY2025 earnings per share (EPS) estimates for Commerce Bancshares in a research note issued on Wednesday, May 7th. Zacks Research analyst R. Department now anticipates that the financial services provider will earn $3.95 per share for the year, up from their previous forecast of $3.80. The consensus estimate for Commerce Bancshares' current full-year earnings is $3.94 per share. Zacks Research also issued estimates for Commerce Bancshares' Q1 2027 earnings at $1.08 EPS.

Commerce Bancshares (NASDAQ:CBSH - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.05. Commerce Bancshares had a return on equity of 16.31% and a net margin of 25.24%. The company had revenue of $428.05 million for the quarter, compared to analysts' expectations of $417.85 million.

Other analysts have also recently issued research reports about the company. Piper Sandler increased their target price on Commerce Bancshares from $65.00 to $66.00 and gave the company a "neutral" rating in a research report on Thursday, April 17th. StockNews.com upgraded Commerce Bancshares from a "sell" rating to a "hold" rating in a research note on Tuesday. Morgan Stanley upgraded Commerce Bancshares from an "underweight" rating to an "equal weight" rating and reduced their price objective for the company from $66.00 to $58.00 in a research note on Monday, April 7th. Wells Fargo & Company reduced their price objective on Commerce Bancshares from $70.00 to $60.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 9th. Finally, Keefe, Bruyette & Woods cut their price target on 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. Seven analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Commerce Bancshares has an average rating of "Hold" and a consensus target price of $63.20.

Commerce Bancshares Price Performance

NASDAQ CBSH traded up $0.10 during midday trading on Monday, hitting $65.65. 46,370 shares of the company traded hands, compared to its average volume of 587,537. The company has a market cap of $8.76 billion, a PE ratio of 16.41, a price-to-earnings-growth ratio of 2.13 and a beta of 0.60. The company's 50-day simple moving average is $60.76 and its 200-day simple moving average is $64.39. Commerce Bancshares has a 52 week low of $49.97 and a 52 week high of $72.75.

Commerce Bancshares Dividend Announcement

The firm 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 $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 1.68%. The ex-dividend date is Friday, June 6th. Commerce Bancshares's dividend payout ratio (DPR) is presently 26.63%.

Insider Activity at Commerce Bancshares

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

Institutional Trading of Commerce Bancshares

A number of hedge funds have recently bought and sold shares of the company. Barclays PLC lifted its holdings in shares of Commerce Bancshares by 19.4% during 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. Franklin Resources Inc. bought a new stake in shares of Commerce Bancshares during the 3rd quarter valued at about $2,861,000. GAMMA Investing LLC grew its position in Commerce Bancshares by 19.6% in the 4th quarter. GAMMA Investing LLC now owns 1,139 shares of the financial services provider's stock worth $71,000 after purchasing an additional 187 shares during the last quarter. Clark & Stuart Inc bought a new position in Commerce Bancshares in the 4th quarter worth about $5,317,000. Finally, PFW Advisors LLC acquired a new stake in shares of Commerce Bancshares in the 4th quarter worth approximately $1,336,000. Institutional investors and hedge funds own 70.26% of the company's stock.

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.