SG Americas Securities LLC Has $514,000 Holdings in Commerce Bancshares, Inc. (NASDAQ:CBSH)

SG Americas Securities LLC lowered its stake in Commerce Bancshares, Inc. (NASDAQ:CBSH - Free Report) by 66.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 9,627 shares of the financial services provider's stock after selling 19,294 shares during the period. SG Americas Securities LLC's holdings in Commerce Bancshares were worth $514,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. First Bank & Trust increased its position in shares of Commerce Bancshares by 5.0% in the 4th quarter. First Bank & Trust now owns 5,628 shares of the financial services provider's stock worth $301,000 after purchasing an additional 268 shares during the last quarter. Advisor Resource Council bought a new stake in shares of Commerce Bancshares during the 4th quarter valued at about $258,000. 17 Capital Partners LLC bought a new stake in shares of Commerce Bancshares during the 4th quarter valued at about $627,000. Joule Financial LLC grew its position in shares of Commerce Bancshares by 5.0% during the 4th quarter. Joule Financial LLC now owns 13,111 shares of the financial services provider's stock valued at $700,000 after buying an additional 624 shares during the last quarter. Finally, FORVIS Wealth Advisors LLC grew its position in shares of Commerce Bancshares by 5.0% during the 4th quarter. FORVIS Wealth Advisors LLC now owns 13,034 shares of the financial services provider's stock valued at $696,000 after buying an additional 618 shares during the last quarter. Institutional investors own 70.26% of the company's stock.

Analyst Upgrades and Downgrades

CBSH has been the subject of a number of recent research reports. Morgan Stanley boosted their price objective on shares of Commerce Bancshares from $46.00 to $55.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 7th. Bank of America began coverage on shares of Commerce Bancshares in a research report on Thursday, January 11th. They issued a "neutral" rating and a $55.00 target price for the company. Finally, Keefe, Bruyette & Woods upped their target price on shares of Commerce Bancshares from $54.00 to $56.00 and gave the stock a "market perform" rating in a research report on Friday, January 19th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $53.17.

Commerce Bancshares Stock Performance

Shares of NASDAQ:CBSH traded up $0.38 during trading on Friday, reaching $52.94. The company had a trading volume of 513,550 shares, compared to its average volume of 431,364. The firm's fifty day moving average is $51.90 and its 200 day moving average is $50.65. The firm has a market capitalization of $6.88 billion, a PE ratio of 14.58 and a beta of 0.79. Commerce Bancshares, Inc. has a twelve month low of $40.91 and a twelve month high of $56.75.

Commerce Bancshares (NASDAQ:CBSH - Get Free Report) last issued its quarterly earnings results on Thursday, January 18th. The financial services provider reported $0.84 earnings per share for the quarter, topping analysts' consensus estimates of $0.82 by $0.02. The company had revenue of $393.30 million during the quarter, compared to analyst estimates of $386.34 million. Commerce Bancshares had a net margin of 24.41% and a return on equity of 17.46%. The business's revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.99 EPS. Equities analysts predict that Commerce Bancshares, Inc. will post 3.25 earnings per share for the current fiscal year.

Commerce Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Thursday, March 7th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.04%. The ex-dividend date was Wednesday, March 6th. Commerce Bancshares's dividend payout ratio is presently 29.75%.

Insider Activity at Commerce Bancshares

In related news, EVP Robert S. Holmes sold 5,000 shares of the company's stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $52.66, for a total value of $263,300.00. Following the completion of the sale, the executive vice president now owns 50,293 shares in the company, valued at approximately $2,648,429.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Commerce Bancshares news, EVP Robert S. Holmes sold 5,000 shares of the company's stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $52.66, for a total value of $263,300.00. Following the transaction, the executive vice president now owns 50,293 shares in the company, valued at approximately $2,648,429.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Douglas D. Neff sold 614 shares of the company's stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $50.25, for a total transaction of $30,853.50. Following the completion of the transaction, the senior vice president now owns 8,038 shares in the company, valued at approximately $403,909.50. The disclosure for this sale can be found here. Insiders sold a total of 14,321 shares of company stock valued at $752,387 over the last ninety days. Insiders own 3.20% of the company's stock.

Commerce Bancshares 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.