Natixis Advisors L.P. Buys 50,103 Shares of Commerce Bancshares, Inc. (NASDAQ:CBSH)

Natixis Advisors L.P. grew its position in Commerce Bancshares, Inc. (NASDAQ:CBSH - Free Report) by 33.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 198,615 shares of the financial services provider's stock after acquiring an additional 50,103 shares during the quarter. Natixis Advisors L.P. owned about 0.15% of Commerce Bancshares worth $10,607,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Capital Advisors Inc. OK lifted its position in Commerce Bancshares by 5.0% during the fourth quarter. Capital Advisors Inc. OK now owns 4,431 shares of the financial services provider's stock worth $237,000 after buying an additional 210 shares in the last quarter. Signaturefd LLC increased its position in Commerce Bancshares by 14.4% during the fourth quarter. Signaturefd LLC now owns 1,694 shares of the financial services provider's stock worth $90,000 after purchasing an additional 213 shares during the last quarter. Treasurer of the State of North Carolina boosted its holdings in Commerce Bancshares by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 50,184 shares of the financial services provider's stock valued at $2,408,000 after purchasing an additional 250 shares during the last quarter. Delta Financial Group Inc. lifted its stake in shares of Commerce Bancshares by 5.0% in the 4th quarter. Delta Financial Group Inc. now owns 5,250 shares of the financial services provider's stock valued at $280,000 after purchasing an additional 250 shares during the last quarter. Finally, Heartland Bank & Trust Co increased its position in shares of Commerce Bancshares by 5.0% during the 4th quarter. Heartland Bank & Trust Co now owns 5,334 shares of the financial services provider's stock worth $285,000 after purchasing an additional 254 shares during the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on CBSH. Piper Sandler lifted their price target on shares of Commerce Bancshares from $53.00 to $54.00 and gave the company a "neutral" rating in a research report on Wednesday, April 17th. Keefe, Bruyette & Woods upped their target price on shares of Commerce Bancshares from $56.00 to $58.00 and gave the stock a "market perform" rating in a research note on Wednesday, April 17th. StockNews.com raised shares of Commerce Bancshares from a "sell" rating to a "hold" rating in a research report on Wednesday, April 17th. Morgan Stanley lifted their target price on Commerce Bancshares from $46.00 to $55.00 and gave the company an "equal weight" rating in a report on Wednesday, February 7th. Finally, Bank of America assumed coverage on Commerce Bancshares in a research report on Thursday, January 11th. They issued a "neutral" rating and a $55.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $55.00.

Insider Activity

In related news, EVP Robert S. Holmes sold 5,000 shares of the company's stock in a transaction 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, SVP Douglas D. Neff sold 614 shares of Commerce Bancshares stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $50.25, for a total value of $30,853.50. Following the transaction, the senior vice president now directly owns 8,038 shares in the company, valued at approximately $403,909.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Robert S. Holmes sold 5,000 shares of the company's stock in a transaction on Monday, March 11th. The stock was sold at an average price of $52.66, for a total transaction of $263,300.00. Following the transaction, the executive vice president now owns 50,293 shares of the company's stock, valued at approximately $2,648,429.38. The disclosure for this sale can be found here. Corporate insiders own 3.10% of the company's stock.

Commerce Bancshares Trading Up 0.7 %

CBSH stock traded up $0.39 during trading on Wednesday, hitting $56.41. 337,426 shares of the company's stock were exchanged, compared to its average volume of 480,725. The stock has a market capitalization of $7.33 billion, a price-to-earnings ratio of 15.62 and a beta of 0.76. Commerce Bancshares, Inc. has a 52-week low of $40.91 and a 52-week high of $57.00. The business has a 50-day moving average price of $53.03 and a two-hundred day moving average price of $51.70.

Commerce Bancshares (NASDAQ:CBSH - Get Free Report) last issued its earnings results on Tuesday, April 16th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.06. Commerce Bancshares had a net margin of 23.33% and a return on equity of 16.78%. The business had revenue of $397.80 million during the quarter, compared to analysts' expectations of $389.49 million. During the same quarter in the prior year, the business posted $0.90 EPS. The company's revenue for the quarter was up 2.2% on a year-over-year basis. On average, equities research analysts anticipate that Commerce Bancshares, Inc. will post 3.48 earnings per share for the current fiscal year.

Commerce Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Wednesday, June 5th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Wednesday, June 5th. Commerce Bancshares's dividend payout ratio is currently 30.12%.

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.