4,783 Shares in Commerce Bancshares, Inc. (NASDAQ:CBSH) Bought by Two Sigma Securities LLC

Two Sigma Securities LLC acquired a new stake in shares of Commerce Bancshares, Inc. (NASDAQ:CBSH - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,783 shares of the financial services provider's stock, valued at approximately $298,000.

A number of other institutional investors also recently modified their holdings of the company. CoreFirst Bank & Trust purchased a new stake in shares of Commerce Bancshares in the 4th quarter worth about $33,000. Marshall Investment Management LLC bought a new stake in Commerce Bancshares during the 4th quarter valued at approximately $35,000. V Square Quantitative Management LLC grew its holdings in shares of Commerce Bancshares by 84.0% during the 4th quarter. V Square Quantitative Management LLC now owns 791 shares of the financial services provider's stock worth $49,000 after acquiring an additional 361 shares during the period. Nomura Asset Management Co. Ltd. grew its stake in Commerce Bancshares by 46.9% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 839 shares of the financial services provider's stock worth $52,000 after purchasing an additional 268 shares during the period. Finally, Transce3nd LLC bought a new stake in shares of Commerce Bancshares during the 4th quarter valued at $68,000. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Commerce Bancshares Trading Up 2.8 %

CBSH stock traded up $1.73 during trading on Friday, reaching $63.02. The stock had a trading volume of 328,996 shares, compared to its average volume of 588,579. The firm has a market cap of $8.45 billion, a PE ratio of 15.72, a PEG ratio of 2.13 and a beta of 0.71. The stock's 50 day moving average is $60.64 and its two-hundred day moving average is $64.23. 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 issued its quarterly 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. Commerce Bancshares had a return on equity of 16.31% and a net margin of 25.24%. The business had revenue of $428.05 million during the quarter, compared to analysts' expectations of $417.85 million. On average, research analysts anticipate that Commerce Bancshares, Inc. will post 3.94 EPS for the current year.

Commerce Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Friday, June 6th will be paid a $0.275 dividend. The ex-dividend date is Friday, June 6th. This represents a $1.10 dividend on an annualized basis and a yield of 1.75%. Commerce Bancshares's payout ratio is presently 26.63%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Keefe, Bruyette & Woods lowered their price target on shares of Commerce Bancshares from $74.00 to $70.00 and set a "market perform" rating for the company in a research report on Thursday, April 17th. Morgan Stanley upgraded Commerce Bancshares from an "underweight" rating to an "equal weight" rating and cut their price target for the stock from $66.00 to $58.00 in a research note on Monday, April 7th. Piper Sandler boosted their target price on Commerce Bancshares from $65.00 to $66.00 and gave the stock a "neutral" rating in a report on Thursday, April 17th. StockNews.com lowered Commerce Bancshares from a "hold" rating to a "sell" rating in a research report on Thursday, April 17th. Finally, Wells Fargo & Company reduced their price objective on shares of 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. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company's stock. Based on data from MarketBeat, Commerce Bancshares currently has a consensus rating of "Hold" and an average price target of $63.20.

Insider Buying and Selling at Commerce Bancshares

In other news, VP David L. Orf sold 1,036 shares of the firm's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $68.24, for a total transaction of $70,696.64. Following the completion of the transaction, the vice president now owns 22,175 shares in the company, valued at $1,513,222. This trade represents a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Patricia R. Kellerhals sold 1,719 shares of the business's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $67.30, for a total value of $115,688.70. Following the completion of the sale, the senior vice president now owns 18,688 shares in the company, valued at $1,257,702.40. This represents a 8.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 50,842 shares of company stock valued at $3,423,857 over the last ninety days. 3.10% of the stock is currently owned by company insiders.

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.