Barclays reaffirmed their hold rating on shares of Commerce Bancshares (NASDAQ:CBSH) in a research note published on Sunday morning. They currently have a $55.00 price target on the financial services provider’s stock.

A number of other equities research analysts have also issued reports on CBSH. Zacks Investment Research raised Commerce Bancshares from a hold rating to a buy rating and set a $62.00 target price on the stock in a research report on Monday, August 28th. Keefe, Bruyette & Woods reaffirmed a sell rating and set a $51.00 target price on shares of Commerce Bancshares in a research report on Friday, September 15th. Piper Jaffray Companies reaffirmed a neutral rating and set a $60.00 target price on shares of Commerce Bancshares in a research report on Friday, October 6th. Finally, BidaskClub lowered Commerce Bancshares from a sell rating to a strong sell rating in a research report on Saturday, December 16th. Six equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. Commerce Bancshares presently has a consensus rating of Sell and an average target price of $56.25.

Shares of Commerce Bancshares (CBSH) opened at $56.39 on Friday. Commerce Bancshares has a 12 month low of $51.90 and a 12 month high of $60.61. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $6,056.04, a price-to-earnings ratio of 21.00, a PEG ratio of 3.31 and a beta of 0.80.

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

The firm also recently declared a quarterly dividend, which was paid on Monday, December 18th. Stockholders of record on Thursday, November 30th were issued a dividend of $0.225 per share. The ex-dividend date was Wednesday, November 29th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.60%. Commerce Bancshares’s dividend payout ratio is 33.51%.

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

Hedge funds and other institutional investors have recently modified their holdings of the business. Captrust Financial Advisors purchased a new position in Commerce Bancshares in the second quarter valued at about $106,000. Citizens Financial Group Inc RI grew its stake in Commerce Bancshares by 25.5% in the second quarter. Citizens Financial Group Inc RI now owns 2,650 shares of the financial services provider’s stock valued at $151,000 after purchasing an additional 539 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Commerce Bancshares by 8.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,339 shares of the financial services provider’s stock valued at $190,000 after purchasing an additional 264 shares in the last quarter. SignalPoint Asset Management LLC purchased a new position in Commerce Bancshares in the third quarter valued at about $226,000. Finally, Wedbush Securities Inc. purchased a new position in Commerce Bancshares in the third quarter valued at about $229,000. Hedge funds and other 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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