BidaskClub upgraded shares of Commerce Bancshares (NASDAQ:CBSH) from a strong sell rating to a sell rating in a report published on Friday.

Other equities research analysts have also issued research reports about the company. Zacks Investment Research lowered Commerce Bancshares from a buy rating to a hold rating in a research report on Monday, September 18th. Piper Jaffray Companies restated a neutral rating and set a $60.00 price objective on shares of Commerce Bancshares in a research report on Friday, October 6th. Finally, Keefe, Bruyette & Woods restated a sell rating and set a $51.00 price objective on shares of Commerce Bancshares in a research report on Friday, September 15th. Six research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The company currently has a consensus rating of Sell and a consensus price target of $56.63.

Commerce Bancshares (NASDAQ:CBSH) traded down $0.04 during trading on Friday, hitting $56.75. The stock had a trading volume of 496,705 shares, compared to its average volume of 456,393. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.68 and a quick ratio of 0.68. Commerce Bancshares has a 12 month low of $51.90 and a 12 month high of $60.61. The firm has a market cap of $6,060.31, a PE ratio of 21.13, a P/E/G ratio of 3.31 and a beta of 0.80.

Commerce Bancshares (NASDAQ:CBSH) last issued its quarterly earnings data on Thursday, October 12th. The financial services provider reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). The firm had revenue of $304.83 million for the quarter, compared to the consensus estimate of $317.28 million. Commerce Bancshares had a return on equity of 12.08% and a net margin of 23.93%. The company’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.68 EPS. research analysts anticipate that Commerce Bancshares will post 2.77 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, December 18th. Shareholders of record on Thursday, November 30th were given a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.59%. Commerce Bancshares’s dividend payout ratio (DPR) is presently 33.51%.

In related news, Vice Chairman Jonathan M. Kemper sold 55,000 shares of the company’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $55.06, for a total transaction of $3,028,300.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider V Raymond Stranghoener sold 6,399 shares of the company’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $58.40, for a total value of $373,701.60. Following the sale, the insider now owns 47,112 shares in the company, valued at approximately $2,751,340.80. The disclosure for this sale can be found here. Insiders own 4.30% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Commerce Bancshares by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 8,599,122 shares of the financial services provider’s stock worth $488,688,000 after buying an additional 246,065 shares during the period. BlackRock Inc. raised its stake in Commerce Bancshares by 1.1% during the 2nd quarter. BlackRock Inc. now owns 7,591,937 shares of the financial services provider’s stock worth $431,451,000 after buying an additional 82,095 shares during the period. FMR LLC raised its stake in Commerce Bancshares by 2.0% during the 2nd quarter. FMR LLC now owns 2,029,867 shares of the financial services provider’s stock worth $115,357,000 after buying an additional 40,600 shares during the period. Lazard Asset Management LLC raised its stake in shares of Commerce Bancshares by 27.1% in the second quarter. Lazard Asset Management LLC now owns 1,448,515 shares of the financial services provider’s stock worth $82,318,000 after purchasing an additional 308,460 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Commerce Bancshares by 3.4% in the third quarter. Bank of New York Mellon Corp now owns 1,083,851 shares of the financial services provider’s stock worth $62,613,000 after purchasing an additional 35,361 shares during the last quarter. Institutional investors own 59.14% of the company’s stock.

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About Commerce Bancshares

Commerce Bancshares, Inc is a bank holding company of Commerce Bank (the Bank). The Bank is engaged in general banking business, providing a range of retail, mortgage banking, corporate, investment, trust and asset management products and services to individuals and businesses. The Company operates through three segments: Consumer, Commercial and Wealth.

Analyst Recommendations for Commerce Bancshares (NASDAQ:CBSH)

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