16,165 Shares in Commerce Bancshares, Inc. (NASDAQ:CBSH) Acquired by MSH Capital Advisors LLC

MSH Capital Advisors LLC purchased a new position in Commerce Bancshares, Inc. (NASDAQ:CBSH - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 16,165 shares of the financial services provider's stock, valued at approximately $1,007,000.

A number of other large investors have also bought and sold shares of CBSH. Atria Wealth Solutions Inc. grew its holdings in shares of Commerce Bancshares by 1.5% in the fourth quarter. Atria Wealth Solutions Inc. now owns 11,062 shares of the financial services provider's stock valued at $689,000 after acquiring an additional 166 shares in the last quarter. Canopy Partners LLC grew its stake in Commerce Bancshares by 4.9% in the 4th quarter. Canopy Partners LLC now owns 3,609 shares of the financial services provider's stock valued at $225,000 after purchasing an additional 168 shares during the period. Apriem Advisors increased its position in shares of Commerce Bancshares by 5.0% during the 4th quarter. Apriem Advisors now owns 3,827 shares of the financial services provider's stock valued at $238,000 after purchasing an additional 182 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its stake in shares of Commerce Bancshares by 4.9% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 3,908 shares of the financial services provider's stock worth $244,000 after purchasing an additional 183 shares during the period. Finally, Verde Capital Management boosted its holdings in shares of Commerce Bancshares by 5.4% in the 4th quarter. Verde Capital Management now owns 3,573 shares of the financial services provider's stock worth $223,000 after buying an additional 183 shares during the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Commerce Bancshares Stock Performance

Shares of NASDAQ CBSH traded down $0.72 during mid-day trading on Monday, hitting $59.18. 151,507 shares of the stock traded hands, compared to its average volume of 586,226. The stock has a fifty day moving average price of $61.53 and a 200-day moving average price of $64.19. The company has a market cap of $7.93 billion, a price-to-earnings ratio of 14.76, a PEG ratio of 2.13 and a beta of 0.71. Commerce Bancshares, Inc. has a 52 week low of $49.97 and a 52 week high of $72.75.

Commerce Bancshares (NASDAQ:CBSH - Get Free Report) last released its earnings results on Wednesday, April 16th. The financial services provider reported $0.98 EPS for the quarter, topping analysts' consensus estimates of $0.93 by $0.05. The firm had revenue of $428.05 million for the quarter, compared to analysts' expectations of $417.85 million. Commerce Bancshares had a return on equity of 16.31% and a net margin of 25.24%. As a group, sell-side analysts predict that Commerce Bancshares, Inc. will post 3.94 EPS for the current fiscal year.

Commerce Bancshares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Friday, March 7th were paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 1.86%. This is an increase from Commerce Bancshares's previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, March 7th. Commerce Bancshares's dividend payout ratio (DPR) is currently 26.63%.

Analyst Ratings Changes

A number of brokerages have recently commented on CBSH. Piper Sandler upped their price target on Commerce Bancshares from $65.00 to $66.00 and gave the company a "neutral" rating in a research report on Thursday. Wells Fargo & Company lowered 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 research report on Wednesday, April 9th. Morgan Stanley raised shares of Commerce Bancshares from an "underweight" rating to an "equal weight" rating and cut their price objective for the stock from $66.00 to $58.00 in a report on Monday, April 7th. Keefe, Bruyette & Woods lowered their target price on shares of Commerce Bancshares from $74.00 to $70.00 and set a "market perform" rating on the stock in a report on Thursday. Finally, StockNews.com lowered Commerce Bancshares from a "hold" rating to a "sell" rating in a report on Thursday. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $63.20.

Insiders Place Their Bets

In related news, CFO Charles G. Kim sold 13,493 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $67.76, for a total value of $914,285.68. Following the sale, the chief financial officer now owns 86,246 shares in the company, valued at approximately $5,844,028.96. This trade represents a 13.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP David L. Orf sold 1,036 shares of the business's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $68.24, for a total transaction of $70,696.64. Following the sale, the vice president now owns 22,175 shares of the company's stock, valued at approximately $1,513,222. This represents a 4.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 78,434 shares of company stock valued at $5,248,272. Corporate insiders own 3.10% 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.