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

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

Several other large investors have also recently bought and sold shares of CBSH. Barclays PLC raised its stake in shares of Commerce Bancshares by 19.4% in the 3rd quarter. Barclays PLC now owns 106,934 shares of the financial services provider's stock worth $6,353,000 after buying an additional 17,400 shares in the last quarter. Virtu Financial LLC bought a new stake in Commerce Bancshares in the third quarter worth about $566,000. Wilmington Savings Fund Society FSB bought a new stake in Commerce Bancshares in the third quarter worth about $475,000. Tidal Investments LLC lifted its holdings in Commerce Bancshares by 13.5% in the 3rd quarter. Tidal Investments LLC now owns 39,040 shares of the financial services provider's stock valued at $2,319,000 after acquiring an additional 4,654 shares during the last quarter. Finally, Franklin Resources Inc. bought a new position in shares of Commerce Bancshares during the 3rd quarter valued at about $2,861,000. Institutional investors and hedge funds own 70.26% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on CBSH. Morgan Stanley raised shares of Commerce Bancshares from an "underweight" rating to an "equal weight" rating and cut their target price for the company from $66.00 to $58.00 in a research note on Monday, April 7th. StockNews.com downgraded Commerce Bancshares from a "hold" rating to a "sell" rating in a research report on Thursday, April 17th. Piper Sandler lifted 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. Wells Fargo & Company reduced their target price on Commerce Bancshares from $70.00 to $60.00 and set an "equal weight" rating for the company in a report on Wednesday, April 9th. Finally, Keefe, Bruyette & Woods dropped their price target on Commerce Bancshares from $74.00 to $70.00 and set a "market perform" rating on the stock in a research note on Thursday, April 17th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat.com, Commerce Bancshares presently has a consensus rating of "Hold" and a consensus target price of $63.20.

Commerce Bancshares Stock Up 2.8 %

Shares of Commerce Bancshares stock traded up $1.73 during midday trading on Friday, hitting $63.02. The company's stock had a trading volume of 328,996 shares, compared to its average volume of 590,339. Commerce Bancshares, Inc. has a 1-year low of $49.97 and a 1-year high of $72.75. The firm has a market capitalization of $8.45 billion, a P/E ratio of 15.72, a PEG ratio of 2.13 and a beta of 0.71. The stock has a 50-day simple moving average of $60.62 and a 200-day simple moving average of $64.28.

Commerce Bancshares (NASDAQ:CBSH - Get Free Report) last issued its earnings results on Wednesday, April 16th. The financial services provider reported $0.98 earnings per share for the quarter, beating analysts' consensus estimates of $0.93 by $0.05. The company had revenue of $428.05 million for the quarter, compared to the consensus estimate 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 earnings per share for the current year.

Commerce Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Friday, June 6th will be paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Friday, June 6th. Commerce Bancshares's dividend payout ratio (DPR) is currently 26.63%.

Insider Activity

In other Commerce Bancshares news, CFO Charles G. Kim sold 13,493 shares of the business's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $67.76, for a total value of $914,285.68. Following the transaction, the chief financial officer now owns 86,246 shares in the company, valued at $5,844,028.96. The trade was a 13.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman David W. Kemper sold 3,708 shares of the company's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $66.16, for a total value of $245,321.28. Following the completion of the transaction, the chairman now directly owns 1,208,311 shares in the company, valued at approximately $79,941,855.76. The trade was a 0.31 % 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 worth $3,423,857 in the last ninety days. 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.