Zacks Research Issues Optimistic Estimate for CBSH Earnings

Key Points

• Zacks Research has increased its FY2025 earnings estimate for Commerce Bancshares to $4.24 per share, up from $4.21, while maintaining a "Hold" rating on the stock.
• The company reported $1.14 earnings per share (EPS) in its latest quarter, beating estimates of $1.02, with revenue increasing by 7.6% year-over-year.
• Commerce Bancshares declared a quarterly dividend of $0.275 per share, reflecting an annualized dividend of $1.10 and a yield of 1.9%.

Commerce Bancshares, Inc. (NASDAQ:CBSH - Free Report) - Research analysts at Zacks Research raised their FY2025 EPS estimates for shares of Commerce Bancshares in a research report issued to clients and investors on Thursday, October 9th. Zacks Research analyst Team now expects that the financial services provider will earn $4.24 per share for the year, up from their previous estimate of $4.21. Zacks Research 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 2025 earnings at $1.06 EPS, Q1 2026 earnings at $0.83 EPS, Q2 2026 earnings at $1.06 EPS, Q3 2026 earnings at $1.16 EPS and FY2027 earnings at $5.01 EPS.

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

CBSH has been the subject of several other reports. TD Cowen assumed coverage on Commerce Bancshares in a research report on Thursday, September 25th. They set a "hold" rating and a $63.00 target price for the company. Wells Fargo & Company cut their price target on Commerce Bancshares from $69.00 to $65.00 and set an "equal weight" rating on the stock in a research note on Monday, September 29th. Piper Sandler boosted their price objective 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. Morgan Stanley raised their price objective on Commerce Bancshares from $66.00 to $70.00 and gave the stock an "underperform" rating in a research report on Monday, September 29th. Finally, Hovde Group initiated coverage on shares of Commerce Bancshares in a research note on Monday. They set an "outperform" rating and a $70.00 price target on the stock. One research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Commerce Bancshares has an average rating of "Hold" and a consensus price target of $68.43.

Commerce Bancshares Stock Performance

Shares of NASDAQ CBSH opened at $58.54 on Friday. Commerce Bancshares has a fifty-two week low of $52.69 and a fifty-two week high of $72.75. The company has a market cap of $7.81 billion, a price-to-earnings ratio of 13.94, a PEG ratio of 2.68 and a beta of 0.59. The business's 50 day moving average price is $60.48 and its 200-day moving average price is $61.51.

Institutional Investors Weigh In On Commerce Bancshares

Large investors have recently bought and sold shares of the company. Smartleaf Asset Management LLC lifted its holdings in Commerce Bancshares by 191.0% in 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 in the last quarter. IMA Advisory Services Inc. acquired a new stake in shares of Commerce Bancshares in the first quarter valued at about $29,000. Geneos Wealth Management Inc. lifted its stake in shares of Commerce Bancshares by 85.4% in the first quarter. Geneos Wealth Management Inc. now owns 469 shares of the financial services provider's stock worth $29,000 after buying an additional 216 shares in the last quarter. CoreFirst Bank & Trust acquired a new position in Commerce Bancshares during the second quarter worth about $33,000. Finally, Allworth Financial LP grew its stake in Commerce Bancshares by 55.0% during the 1st quarter. Allworth Financial LP now owns 651 shares of the financial services provider's stock valued at $40,000 after acquiring an additional 231 shares in the last quarter. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Commerce Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 23rd. Investors of record on Friday, September 5th were given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Friday, September 5th. Commerce Bancshares's dividend payout ratio is 26.19%.

About Commerce Bancshares

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.

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