NASDAQ:CBSHCommerce Bancshares Stock Price, Forecast & News

$63.51

-0.22 (-0.35 %)

(As of 06/2/2020 04:00 PM ET)

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Today's Range

$63.01

Now: $63.51▼

$64.34

50-Day Range

$52.99

MA: $58.24▼

$65.22

52-Week Range

$45.51

Now: $63.51▼

$71.92

Volume361,400 shs

Average Volume433,885 shs

Market Capitalization$7.08 billion

P/E Ratio19.74

Dividend Yield1.70%

Beta1.02

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. 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, as well as provides online banking services. The Commercial segment offers corporate lending, merchant and commercial bank card, leasing, international, and investment safekeeping and bond accounting services; and business products, government deposits, and related commercial cash management services, as well as sells fixed-income securities to individuals, corporations, correspondent banks, public institutions, and municipalities. The Wealth segment provides traditional trust and estate planning services, brokerage services, and advisory and discretionary investment management services. The company also offers private equity investment, securities brokerage, and insurance agency services. It operates through a network of 320 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.

Beat the Market (BTM) Rank^™

0.8 Analyst's Opinion

Consensus Rating
Commerce Bancshares has received a consensus rating of Hold. The company's average rating score is 1.67, and is based on no buy ratings, 4 hold ratings, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $54.60, Commerce Bancshares has a potential downside of 14.0% from its current price of $63.51.
Amount of Analyst Coverage
Commerce Bancshares has only been the subject of 4 research reports in the past 90 days.

1.6 Community Rank

Outperform Votes
Commerce Bancshares has received 292 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Commerce Bancshares has received 596 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Commerce Bancshares has received 67.12% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Commerce Bancshares and other stocks. Vote “Outperform” if you believe CBSH will outperform the S&P 500 over the long term. Vote “Underperform” if you believe CBSH will underperform the S&P 500 over the long term. You may vote once every thirty days.

5.0 Dividend Strength

Dividend Leadership
Commerce Bancshares is a leading dividend payer. It pays a dividend yield of 1.70%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Commerce Bancshares has been increasing its dividend for 51 years.
Dividend Coverage
The dividend payout ratio of Commerce Bancshares is 30.17 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Commerce Bancshares will have a dividend payout ratio of 37.89 % next year. This indicates that Commerce Bancshares will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Commerce Bancshares insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $771,244.00 in company stock.
Percentage Held by Insiders
Only 3.40% of the stock of Commerce Bancshares is held by insiders.
Percentage Held by Institutions
68.18% of the stock of Commerce Bancshares is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6 Earnings and Valuation

Earnings Growth
Earnings for Commerce Bancshares are expected to grow by 17.77% in the coming year, from $2.42 to $2.85 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Commerce Bancshares is 19.74, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.04.
Price to Earnings Ratio vs. Sector
The P/E ratio of Commerce Bancshares is 19.74, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 17.29.
Price to Book Value per Share Ratio
Commerce Bancshares has a P/B Ratio of 2.39. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.81 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry State commercial banks

Sub-IndustryRegional Banks

SectorFinance

Current SymbolNASDAQ:CBSH

Previous Symbol

CUSIP20052510

CIK22356

Webwww.commercebank.com

Phone816-234-2000

Debt

Debt-to-Equity Ratio0.24

Current Ratio0.75

Quick Ratio0.75

Price-To-Earnings

Trailing P/E Ratio19.74

Forward P/E Ratio26.24

P/E GrowthN/A

Sales & Book Value

Annual Sales$1.45 billion

Price / Sales4.89

Cash Flow$4.35 per share

Price / Cash Flow14.60

Book Value$26.57 per share

Price / Book2.39

Profitability

EPS (Most Recent Fiscal Year)$3.58

Net Income$421.23 million

Net Margins26.01%

Return on Equity12.44%

Return on Assets1.44%

Miscellaneous

Employees4,835

Outstanding Shares111,530,000

Market Cap$7.08 billion

Next Earnings Date7/21/2020 (Estimated)

OptionableOptionable

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Commerce Bancshares (NASDAQ:CBSH) Frequently Asked Questions

How has Commerce Bancshares' stock been impacted by COVID-19 (Coronavirus)?

Commerce Bancshares' stock was trading at $53.53 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, CBSH shares have increased by 18.6% and is now trading at $63.51. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Commerce Bancshares?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Commerce Bancshares in the last year. There are currently 2 sell ratings and 4 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Commerce Bancshares.

When is Commerce Bancshares' next earnings date?

Commerce Bancshares is scheduled to release its next quarterly earnings announcement on Tuesday, July 21st 2020. View our earnings forecast for Commerce Bancshares.

How were Commerce Bancshares' earnings last quarter?

Commerce Bancshares, Inc. (NASDAQ:CBSH) announced its earnings results on Tuesday, April, 28th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by $0.11. The financial services provider earned $324.70 million during the quarter, compared to the consensus estimate of $328.18 million. Commerce Bancshares had a return on equity of 12.44% and a net margin of 26.01%. The business's quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.81 earnings per share. View Commerce Bancshares' earnings history.

How often does Commerce Bancshares pay dividends? What is the dividend yield for Commerce Bancshares?

Commerce Bancshares announced a quarterly dividend on Wednesday, April 15th. Shareholders of record on Friday, June 5th will be given a dividend of $0.27 per share on Monday, June 22nd. This represents a $1.08 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend is Thursday, June 4th. View Commerce Bancshares' dividend history.

What price target have analysts set for CBSH?

6 brokers have issued 1-year price targets for Commerce Bancshares' stock. Their forecasts range from $35.00 to $69.00. On average, they anticipate Commerce Bancshares' share price to reach $54.60 in the next year. This suggests that the stock has a possible downside of 14.0%. View analysts' price targets for Commerce Bancshares.

What are Wall Street analysts saying about Commerce Bancshares stock?

Here are some recent quotes from research analysts about Commerce Bancshares stock:

1. Stephens analysts commented, "We reiterate our Equal-Weight rating given the valuation of 2.2x tbv and 15.5x 2020 consensus EPS forecast. KEY POINTS: CPI Add NIM Pressure in 3Q19. Our updated forecast assumes a 3Q19 NIM of 3.43%, which implies a 17 bps LQ decrease. July CPI index reading, we believe it will represent an ~9 bps headwind to 3Q19 NIM. Excluding the impact of TIPS, our Core" NIM forecast assumes an 8 bps LQ decrease in 3Q19 driven by the recent Fed IR cut and challenging YC shape. Capital Return Via ASR Plan. Last week, CBSH announced it entered into an accelerated share repurchase (ASR) agreement of $150 million, in which ~75% of shares to be repurchased will be delivered to CBSH at inception and the remaining shares received (pending adjustments) at the end of the program in December 2019." (8/14/2019)
2. According to Zacks Investment Research, "Shares of Commerce Bancshares have marginally underperformed the industry over the past six months. The company has an impressive earnings surprise history. Its earnings have surpassed the Zacks Consensus Estimate in three of the trailing four quarters. While solid loan and deposit balances, higher interest rates, efforts to grow fee income and strong balance sheet position will continue supporting the company's profitability, persistently mounting operating expenses (mainly due to higher compensation costs) are likely to hamper bottom-line growth to some extent. Moreover, the company's exposure to risky loan portfolios remains a major near-term concern as it will likely hamper financials. Though there has been an improvement in the housing sector, any further deterioration in the real estate prices will pose a problem for the company." (6/12/2019)

Has Commerce Bancshares been receiving favorable news coverage?

Headlines about CBSH stock have trended very negative recently, according to InfoTrie. The research firm rates the sentiment of news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Commerce Bancshares earned a coverage optimism score of -3.8 on InfoTrie's scale. They also assigned media headlines about the financial services provider a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company's share price in the next several days. View the latest news aboutCommerce Bancshares.

Who are some of Commerce Bancshares' key competitors?

Some companies that are related to Commerce Bancshares include Truist Financial (TFC), PNC Financial Services Group (PNC), SunTrust Banks (STI), First Republic Bank (FRC), Fifth Third Bancorp (FITB), M&T Bank (MTB), KeyCorp (KEY), Regions Financial (RF), SVB Financial Group (SIVB), Huntington Bancshares (HBAN), Prosperity Bancshares (PB), Signature Bank (SBNY), Zions Bancorporation NA (ZION), East West Bancorp (EWBC) and Cullen/Frost Bankers (CFR). View all competitors.

What other stocks do shareholders of Commerce Bancshares own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Commerce Bancshares investors own include PepsiCo (PEP), Johnson & Johnson (JNJ), AFLAC (AFL), Illinois Tool Works (ITW), Medtronic (MDT), Automatic Data Processing (ADP), Cintas (CTAS), CVS Health (CVS), MCCORMICK & CO /SH (MKC) and 3M (MMM).

Who are Commerce Bancshares' key executives?

Commerce Bancshares' management team includes the following people:

Mr. David W. Kemper, Exec. Chairman (Age 68)
Mr. John W. Kemper, Pres, CEO & Director (Age 41)
Mr. Charles G. Kim, Exec. VP & CFO (Age 58)
Mr. Kevin Gene Barth, Exec. VP of Commercial Line of Bus. (Age 58)
Mr. Robert S. Holmes, Exec. VP (Age 55)

What is Commerce Bancshares' stock symbol?

Commerce Bancshares trades on the NASDAQ under the ticker symbol "CBSH."

Who are Commerce Bancshares' major shareholders?

Commerce Bancshares' stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.33%), Commerce Bank (6.36%), Aristotle Capital Management LLC (6.20%), State Street Corp (4.45%), JPMorgan Chase & Co. (1.76%) and Bank of New York Mellon Corp (1.20%). Company insiders that own Commerce Bancshares stock include Charles G Kim, Daniel D Callahan, David L Roller, David W Kemper, Douglas D Neff, Jeffrey M Burik, John K Handy, John W Kemper, Jonathan M Kemper, Kevin G Barth, Patricia R Kellerhals, Paula S Petersen and Sara E Foster. View institutional ownership trends for Commerce Bancshares.

Which institutional investors are selling Commerce Bancshares stock?

CBSH stock was sold by a variety of institutional investors in the last quarter, including State Street Corp, Champlain Investment Partners LLC, BlackRock Inc., Boston Trust Walden Corp, Boston Trust Walden Corp, Commerce Bank, Principal Financial Group Inc., and Invesco Ltd.. Company insiders that have sold Commerce Bancshares company stock in the last year include Charles G Kim, Daniel D Callahan, David L Roller, David W Kemper, Jeffrey M Burik, John K Handy, John W Kemper, Kevin G Barth, and Patricia R Kellerhals. View insider buying and selling activity for Commerce Bancshares.

Which institutional investors are buying Commerce Bancshares stock?

CBSH stock was acquired by a variety of institutional investors in the last quarter, including Aristotle Capital Management LLC, APG Asset Management N.V., APG Asset Management N.V., APG Asset Management N.V., Eaton Vance Management, New York State Teachers Retirement System, Acadian Asset Management LLC, and Advisor Group Holdings Inc.. View insider buying and selling activity for Commerce Bancshares.

How do I buy shares of Commerce Bancshares?

Shares of CBSH can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Commerce Bancshares' stock price today?

One share of CBSH stock can currently be purchased for approximately $63.51.

How big of a company is Commerce Bancshares?

Commerce Bancshares has a market capitalization of $7.08 billion and generates $1.45 billion in revenue each year. The financial services provider earns $421.23 million in net income (profit) each year or $3.58 on an earnings per share basis. Commerce Bancshares employs 4,835 workers across the globe.

What is Commerce Bancshares' official website?

The official website for Commerce Bancshares is www.commercebank.com.

How can I contact Commerce Bancshares?

Commerce Bancshares' mailing address is 1000 WALNUT, KANSAS CITY MO, 64106. The financial services provider can be reached via phone at 816-234-2000 or via email at [email protected]

This page was last updated on 6/3/2020 by MarketBeat.com Staff