Commerce Bancshares, Inc. (NASDAQ:CBSH) SVP David L. Roller Sells 204 Shares

Commerce Bancshares, Inc. (NASDAQ:CBSH) SVP David L. Roller sold 204 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $66.52, for a total transaction of $13,570.08. Following the completion of the sale, the senior vice president now directly owns 14,715 shares of the company’s stock, valued at approximately $978,841.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

CBSH opened at $66.26 on Friday. Commerce Bancshares, Inc. has a twelve month low of $53.40 and a twelve month high of $67.50. The company has a 50-day simple moving average of $62.02 and a 200 day simple moving average of $59.67. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $7.14 billion, a price-to-earnings ratio of 17.53, a P/E/G ratio of 5.99 and a beta of 0.76.

Commerce Bancshares (NASDAQ:CBSH) last posted its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $0.98 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.06. Commerce Bancshares had a net margin of 29.34% and a return on equity of 14.52%. The business had revenue of $336.30 million during the quarter, compared to analysts’ expectations of $337.31 million. During the same quarter in the prior year, the business posted $1.03 earnings per share. Commerce Bancshares’s revenue was down .8% compared to the same quarter last year. Sell-side analysts anticipate that Commerce Bancshares, Inc. will post 3.71 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Tuesday, December 3rd will be given a dividend of $0.26 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.04 annualized dividend and a yield of 1.57%. Commerce Bancshares’s dividend payout ratio is 27.51%.

A number of equities research analysts have recently issued reports on the stock. BidaskClub raised shares of Commerce Bancshares from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Morgan Stanley cut their price objective on shares of Commerce Bancshares from $56.00 to $55.00 and set an “underweight” rating for the company in a research report on Thursday, October 3rd. Stephens reaffirmed a “hold” rating and set a $59.00 price objective on shares of Commerce Bancshares in a research report on Wednesday, October 16th. Finally, DA Davidson upped their price objective on shares of Commerce Bancshares to $62.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 17th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. Commerce Bancshares currently has an average rating of “Hold” and a consensus target price of $58.57.

A number of institutional investors and hedge funds have recently bought and sold shares of CBSH. State of Tennessee Treasury Department lifted its position in Commerce Bancshares by 2,682.1% during the third quarter. State of Tennessee Treasury Department now owns 974,278 shares of the financial services provider’s stock worth $5,909,000 after purchasing an additional 939,259 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Commerce Bancshares by 21.8% in the second quarter. JPMorgan Chase & Co. now owns 1,844,892 shares of the financial services provider’s stock worth $108,536,000 after acquiring an additional 330,268 shares during the last quarter. Nuveen Asset Management LLC bought a new position in shares of Commerce Bancshares in the second quarter worth about $14,048,000. State of New Jersey Common Pension Fund D bought a new position in shares of Commerce Bancshares in the third quarter worth about $8,473,000. Finally, DekaBank Deutsche Girozentrale lifted its holdings in shares of Commerce Bancshares by 204.7% in the second quarter. DekaBank Deutsche Girozentrale now owns 200,112 shares of the financial services provider’s stock worth $11,773,000 after acquiring an additional 134,439 shares during the last quarter. 65.81% of the stock is owned by institutional investors and hedge funds.

Commerce Bancshares Company Profile

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.

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Insider Buying and Selling by Quarter for Commerce Bancshares (NASDAQ:CBSH)

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