Commerce Bancshares, Inc. (NASDAQ:CBSH) declared a quarterly dividend on Friday, January 26th, RTT News reports. Investors of record on Friday, March 9th will be paid a dividend of 0.235 per share by the financial services provider on Monday, March 26th. This represents a $0.94 annualized dividend and a yield of 1.59%. This is an increase from Commerce Bancshares’s previous quarterly dividend of $0.23.

Commerce Bancshares has a dividend payout ratio of 33.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Commerce Bancshares to earn $3.54 per share next year, which means the company should continue to be able to cover its $0.90 annual dividend with an expected future payout ratio of 25.4%.

Commerce Bancshares (NASDAQ:CBSH) opened at $59.00 on Friday. Commerce Bancshares has a twelve month low of $49.43 and a twelve month high of $59.72. The firm has a market cap of $6,280.69, a P/E ratio of 20.36, a P/E/G ratio of 2.20 and a beta of 0.80.

Commerce Bancshares (NASDAQ:CBSH) last announced its quarterly earnings data on Thursday, January 18th. The financial services provider reported $0.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.03. Commerce Bancshares had a net margin of 25.27% and a return on equity of 12.22%. The business had revenue of $314.22 million for the quarter, compared to analyst estimates of $312.98 million. equities research analysts forecast that Commerce Bancshares will post 3.37 EPS for the current fiscal year.

In other Commerce Bancshares news, Vice Chairman Jonathan M. Kemper sold 55,000 shares of the company’s stock in a transaction that occurred 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.30% of the stock is currently owned by corporate insiders.

CBSH has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Commerce Bancshares from a “hold” rating to a “buy” rating and set a $63.00 price objective on the stock in a report on Monday, January 8th. Barclays upped their target price on shares of Commerce Bancshares from $55.00 to $59.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. BidaskClub raised shares of Commerce Bancshares from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $58.00 target price on shares of Commerce Bancshares in a research note on Tuesday, January 9th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $57.13.

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Commerce Bancshares Company Profile

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.

Dividend History for Commerce Bancshares (NASDAQ:CBSH)

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