Zacks Research Has Negative Estimate for CBSH Q2 Earnings

Key Points

• Analysts at Zacks Research have reduced their Q2 2026 earnings per share estimate for Commerce Bancshares from $1.10 to $1.08, maintaining a "Hold" rating on the stock.
• Commerce Bancshares recently declared a quarterly dividend of $0.275, signaling an annualized dividend yield of 1.8% with a payout ratio of 26.19%.
• Multiple research firms have adjusted their target prices for Commerce Bancshares, with Piper Sandler raising it to $70.00, while Wall Street Zen downgraded the stock from "hold" to "sell."

Commerce Bancshares, Inc. (NASDAQ:CBSH - Free Report) - Analysts at Zacks Research lowered their Q2 2026 earnings per share estimates for Commerce Bancshares in a research report issued to clients and investors on Thursday, September 11th. Zacks Research analyst Team now expects that the financial services provider will earn $1.08 per share for the quarter, down from their prior estimate of $1.10. Zacks Research currently has a "Hold" rating on the stock. The consensus estimate for Commerce Bancshares' current full-year earnings is $3.94 per share. Zacks Research also issued estimates for Commerce Bancshares' Q4 2026 earnings at $1.13 EPS, FY2026 earnings at $4.22 EPS, Q1 2027 earnings at $1.13 EPS, Q2 2027 earnings at $1.12 EPS and FY2027 earnings at $4.86 EPS.

Commerce Bancshares (NASDAQ:CBSH - Get Free Report) last released its earnings results on Wednesday, July 16th. The financial services provider reported $1.14 EPS for the quarter, beating analysts' consensus estimates of $1.02 by $0.12. The firm had revenue of $445.76 million for the quarter, compared to analysts' expectations of $434.11 million. Commerce Bancshares had a return on equity of 16.01% and a net margin of 26.37%.The company's quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.02 earnings per share.

Several other brokerages have also recently issued reports on CBSH. Morgan Stanley increased their price objective on Commerce Bancshares from $58.00 to $61.00 and gave the stock an "equal weight" rating in a research note on Tuesday, June 17th. Piper Sandler increased their price objective on Commerce Bancshares from $66.50 to $70.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. Wall Street Zen cut Commerce Bancshares from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Wells Fargo & Company increased their price objective on Commerce Bancshares from $62.00 to $69.00 and gave the stock an "equal weight" rating in a research note on Monday, July 21st. Finally, Bank of America increased their price objective on Commerce Bancshares from $69.00 to $71.00 and gave the stock a "neutral" rating in a research note on Tuesday, June 24th. Seven equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Commerce Bancshares has a consensus rating of "Hold" and a consensus price target of $68.20.

Commerce Bancshares Stock Up 2.5%

NASDAQ:CBSH traded up $1.44 during midday trading on Friday, hitting $60.05. The stock had a trading volume of 280,047 shares, compared to its average volume of 676,133. Commerce Bancshares has a one year low of $52.69 and a one year high of $72.75. The company has a market capitalization of $8.01 billion, a price-to-earnings ratio of 14.29, a PEG ratio of 2.70 and a beta of 0.61. The stock has a 50-day moving average of $61.92 and a 200 day moving average of $61.79.

Institutional Trading of Commerce Bancshares

Hedge funds and other institutional investors have recently made changes to their positions in the business. Smartleaf Asset Management LLC lifted its holdings in shares of Commerce Bancshares by 191.0% during the 1st quarter. Smartleaf Asset Management LLC now owns 451 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 296 shares during the last quarter. IMA Advisory Services Inc. purchased a new position in Commerce Bancshares in the 1st quarter worth $29,000. Geneos Wealth Management Inc. raised its stake in Commerce Bancshares by 85.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 469 shares of the financial services provider's stock worth $29,000 after acquiring an additional 216 shares during the last quarter. CoreFirst Bank & Trust purchased a new position in Commerce Bancshares in the 2nd quarter worth $33,000. Finally, Allworth Financial LP raised its stake in Commerce Bancshares by 55.0% in the 1st quarter. Allworth Financial LP now owns 651 shares of the financial services provider's stock worth $40,000 after acquiring an additional 231 shares during the last quarter. Hedge funds and other institutional investors own 70.26% of the company's stock.

Commerce Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 23rd. Stockholders of record on Friday, September 5th will be issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Friday, September 5th. Commerce Bancshares's dividend payout ratio is currently 26.19%.

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.