Several other large investors also recently added to or reduced their stakes in CBSH. Barclays PLC boosted its position in shares of Commerce Bancshares by 19.4% in the third quarter. Barclays PLC now owns 106,934 shares of the financial services provider’s stock worth $6,353,000 after buying an additional 17,400 shares during the period. Blue Trust Inc. boosted its position in Commerce Bancshares by 35.3% during the 4th quarter. Blue Trust Inc. now owns 1,683 shares of the financial services provider’s stock worth $100,000 after acquiring an additional 439 shares during the period. KBC Group NV grew its stake in Commerce Bancshares by 48.1% during the 4th quarter. KBC Group NV now owns 5,432 shares of the financial services provider’s stock valued at $338,000 after acquiring an additional 1,763 shares in the last quarter. Pacer Advisors Inc. grew its stake in Commerce Bancshares by 6.7% during the 4th quarter. Pacer Advisors Inc. now owns 18,263 shares of the financial services provider’s stock valued at $1,138,000 after acquiring an additional 1,142 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of Commerce Bancshares by 2.8% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 68,643 shares of the financial services provider’s stock valued at $4,277,000 after purchasing an additional 1,863 shares during the period. 70.26% of the stock is owned by institutional investors and hedge funds.

CBSH stock opened at $63.02 on Friday. The firm has a 50 day moving average of $61.31 and a two-hundred day moving average of $64.15. Commerce Bancshares, Inc. has a 12 month low of $49.97 and a 12 month high of $72.75. The company has a market capitalization of $8.41 billion, a price-to-earnings ratio of 15.72, a P/E/G ratio of 2.13 and a beta of 0.60.

Commerce Bancshares (NASDAQ:CBSH – Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.05. The business had revenue of $428.05 million during the quarter, compared to analyst estimates of $417.85 million. Commerce Bancshares had a net margin of 25.24% and a return on equity of 16.31%. On average, research analysts expect that Commerce Bancshares, Inc. will post 3.94 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Friday, June 6th will be given a $0.275 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.75%. Commerce Bancshares’s dividend payout ratio is currently 26.63%.

Several analysts recently commented on CBSH shares. Keefe, Bruyette & Woods decreased their price target on shares of Commerce Bancshares from $74.00 to $70.00 and set a “market perform” rating for the company in a report on Thursday, April 17th. Wall Street Zen lowered shares of Commerce Bancshares from a “hold” rating to a “sell” rating in a research note on Wednesday, May 21st. Morgan Stanley raised shares of Commerce Bancshares from an “underweight” rating to an “equal weight” rating and dropped their price target for the stock from $66.00 to $58.00 in a research note on Monday, April 7th. Wells Fargo & Company cut their price objective on Commerce Bancshares from $70.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday, April 9th. Finally, Piper Sandler lifted their price objective on Commerce Bancshares from $65.00 to $66.00 and gave the company a “neutral” rating in a research report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat.com, Commerce Bancshares has a consensus rating of “Hold” and a consensus target price of $63.20.

Read Our Latest Analysis on Commerce Bancshares

In other Commerce Bancshares news, Director June Mcallister Fowler sold 1,618 shares of the stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $60.72, for a total transaction of $98,244.96. Following the transaction, the director now owns 3,175 shares in the company, valued at $192,786. This trade represents a 33.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 3.10% of the stock is currently owned by corporate insiders.

(Free Report)

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 in the United States. It operates through three segments: Consumer, Commercial, and Wealth.

Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Commerce Bancshares, Inc. (NASDAQ:CBSH – Free Report).

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