Zacks Research Has Negative Outlook for CBSH Q4 Earnings

Key Points

• Zacks Research has downgraded its Q4 2026 earnings per share forecast for Commerce Bancshares from $1.16 to $1.15.
• A recent analysis from Morgan Stanley has increased the price target for Commerce Bancshares from $58 to $61 with an "equal weight" rating.
• The company recently declared a quarterly dividend of $0.275 per share, representing an annualized yield of 1.8%.

Commerce Bancshares, Inc. (NASDAQ:CBSH - Free Report) - Analysts at Zacks Research cut their Q4 2026 earnings estimates for Commerce Bancshares in a note issued to investors on Friday, August 8th. Zacks Research analyst R. Department now expects that the financial services provider will post earnings of $1.15 per share for the quarter, down from their previous forecast of $1.16. The consensus estimate for Commerce Bancshares' current full-year earnings is $3.94 per share. Zacks Research also issued estimates for Commerce Bancshares' Q1 2027 earnings at $1.14 EPS.

Several other equities analysts also recently commented on CBSH. Bank of America boosted their price target on shares of Commerce Bancshares from $69.00 to $71.00 and gave the stock a "neutral" rating in a research note on Tuesday, June 24th. Wells Fargo & Company boosted their target price on shares of Commerce Bancshares from $62.00 to $69.00 and gave the stock an "equal weight" rating in a research note on Monday, July 21st. Piper Sandler boosted their target price on shares of Commerce Bancshares from $66.50 to $70.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. Keefe, Bruyette & Woods lowered their target price on shares of Commerce Bancshares from $74.00 to $70.00 and set a "market perform" rating for the company in a research note on Thursday, April 17th. Finally, Morgan Stanley boosted their target price on shares of Commerce Bancshares from $58.00 to $61.00 and gave the stock an "equal weight" rating in a research note on Tuesday, June 17th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $68.20.

Commerce Bancshares Stock Performance

Shares of NASDAQ:CBSH traded down $0.47 during trading on Monday, hitting $61.46. The company's stock had a trading volume of 71,599 shares, compared to its average volume of 644,764. The business has a 50 day moving average price of $62.45 and a two-hundred day moving average price of $62.58. The company has a market capitalization of $8.20 billion, a PE ratio of 14.62, a P/E/G ratio of 2.83 and a beta of 0.61. Commerce Bancshares has a fifty-two week low of $52.69 and a fifty-two week high of $72.75.

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

Commerce Bancshares Dividend Announcement

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

Hedge Funds Weigh In On Commerce Bancshares

Several large investors have recently bought and sold shares of CBSH. Envestnet Asset Management Inc. boosted its stake in Commerce Bancshares by 1.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 271,032 shares of the financial services provider's stock valued at $16,888,000 after acquiring an additional 2,923 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Commerce Bancshares by 75.6% in the fourth quarter. Invesco Ltd. now owns 359,482 shares of the financial services provider's stock valued at $22,399,000 after buying an additional 154,751 shares during the last quarter. Bessemer Group Inc. raised its holdings in shares of Commerce Bancshares by 5.3% in the fourth quarter. Bessemer Group Inc. now owns 51,632 shares of the financial services provider's stock valued at $3,218,000 after buying an additional 2,594 shares during the last quarter. Treasurer of the State of North Carolina raised its holdings in shares of Commerce Bancshares by 4.2% in the fourth quarter. Treasurer of the State of North Carolina now owns 54,234 shares of the financial services provider's stock valued at $3,379,000 after buying an additional 2,177 shares during the last quarter. Finally, Sterling Capital Management LLC raised its holdings in shares of Commerce Bancshares by 61.3% in the fourth quarter. Sterling Capital Management LLC now owns 7,327 shares of the financial services provider's stock valued at $457,000 after buying an additional 2,785 shares during the last quarter. Institutional investors and hedge funds own 70.26% 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.