Commerce Bancshares - CBSH Stock Forecast, Price & News

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. The Consumer segment offers various banking products and services, including consumer deposits; consumer loans, such as automobile, motorcycle, marine, tractor/trailer, recreational vehicle, fixed rate and revolving home equity, and other consumer loans; patient health care financing; real estate loans; indirect and other consumer financing; personal mortgage banking; consumer installment lending; and consumer debit and credit bank cards. The Commercial segment provides corporate lending, leasing, international, merchant and commercial bank card, and securities safekeeping and bond accounting services; and business products, government deposits, and related commercial cash management services, as well as sells fixed income securities to correspondent banks, corporations, public institutions, municipalities, and individuals. The Wealth segment provides traditional trust and estate planning, advisory and discretionary investment portfolio management, and brokerage services, as well as private banking accounts. The company also offers private equity investment, securities brokerage, insurance agency, specialty lending, and leasing services, as well as online and mobile banking services. It operates through a network of 287 locations in Missouri, Kansas, Illinois, Oklahoma, and Colorado, as well as commercial offices. Commerce Bancshares, Inc. was founded in 1865 and is headquartered in Kansas City, Missouri.

Commerce Bancshares Stock Performance

Shares of CBSH opened at $72.65 on Friday. The company has a 50 day moving average price of $67.49 and a 200-day moving average price of $69.17. Commerce Bancshares has a fifty-two week low of $61.81 and a fifty-two week high of $74.72. The stock has a market capitalization of $8.71 billion, a PE ratio of 18.77 and a beta of 0.80.

Commerce Bancshares (NASDAQ:CBSH - Get Rating) last issued its quarterly earnings data on Thursday, July 21st. The financial services provider reported $0.96 EPS for the quarter, topping analysts' consensus estimates of $0.95 by $0.01. The company had revenue of $371.80 million during the quarter, compared to the consensus estimate of $362.50 million. Commerce Bancshares had a net margin of 32.88% and a return on equity of 14.98%. Commerce Bancshares's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.38 earnings per share. Equities research analysts forecast that Commerce Bancshares will post 4.04 EPS for the current year.

Commerce Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 22nd. Shareholders of record on Wednesday, September 7th will be paid a $0.265 dividend. The ex-dividend date is Tuesday, September 6th. This represents a $1.06 annualized dividend and a yield of 1.46%. Commerce Bancshares's dividend payout ratio (DPR) is presently 27.39%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. StockNews.com raised shares of Commerce Bancshares from a "sell" rating to a "hold" rating in a research report on Monday, July 18th. Jefferies Financial Group dropped their price objective on Commerce Bancshares from $75.00 to $71.00 in a research note on Monday, July 11th. Finally, DA Davidson lifted their target price on Commerce Bancshares to $71.00 in a research report on Monday, July 25th.

Insiders Place Their Bets

In other news, Director Blackford F. Brauer purchased 5,000 shares of the stock in a transaction dated Friday, June 10th. The shares were acquired at an average cost of $65.85 per share, for a total transaction of $329,250.00. Following the acquisition, the director now owns 11,027 shares of the company's stock, valued at $726,127.95. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Commerce Bancshares news, Director Blackford F. Brauer acquired 5,000 shares of the stock in a transaction dated Friday, June 10th. The stock was purchased at an average price of $65.85 per share, with a total value of $329,250.00. Following the transaction, the director now directly owns 11,027 shares of the company's stock, valued at $726,127.95. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO John W. Kemper sold 4,285 shares of the business's stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $72.41, for a total value of $310,276.85. Following the transaction, the chief executive officer now owns 184,303 shares in the company, valued at $13,345,380.23. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 15,000 shares of company stock worth $1,015,150 and sold 6,474 shares worth $464,244. 3.20% of the stock is currently owned by corporate insiders.