News articles about Commerce Bancshares (NASDAQ:CBSH) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Commerce Bancshares earned a coverage optimism score of 0.21 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 46.5283615168262 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Patricia R. Kellerhals Sells 328 Shares of Commerce Bancshares, Inc. (CBSH) Stock (americanbankingnews.com)
- Commerce Bank Recognized by Greenwich Associates with Eight Greenwich Excellence Awards (finance.yahoo.com)
- Zacks: Analysts Anticipate Commerce Bancshares, Inc. (CBSH) Will Post Quarterly Sales of $310.12 Million (americanbankingnews.com)
- Insider Selling: Commerce Bancshares, Inc. (CBSH) Insider Sells 850 Shares of Stock (americanbankingnews.com)
- Insider Selling: Commerce Bancshares, Inc. (CBSH) Vice Chairman Sells 33,424 Shares of Stock (americanbankingnews.com)
CBSH stock traded up $0.19 during trading on Wednesday, hitting $61.34. 283,809 shares of the company’s stock traded hands, compared to its average volume of 485,082. The firm has a market cap of $6,537.49, a PE ratio of 21.17, a P/E/G ratio of 2.29 and a beta of 0.76. Commerce Bancshares has a one year low of $51.90 and a one year high of $61.88.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 26th. Investors of record on Friday, March 9th will be issued a $0.235 dividend. This is a positive change from Commerce Bancshares’s previous quarterly dividend of $0.23. The ex-dividend date is Thursday, March 8th. This represents a $0.94 annualized dividend and a yield of 1.53%. Commerce Bancshares’s dividend payout ratio (DPR) is presently 32.44%.
A number of equities analysts have commented on the stock. Zacks Investment Research downgraded shares of Commerce Bancshares from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Piper Jaffray Companies reiterated a “hold” rating and issued a $58.00 price target on shares of Commerce Bancshares in a report on Tuesday, January 9th. BidaskClub downgraded shares of Commerce Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, January 30th. Barclays reiterated a “hold” rating and issued a $63.00 price target on shares of Commerce Bancshares in a report on Sunday, January 21st. Finally, Keefe, Bruyette & Woods reissued a “sell” rating and issued a $54.00 price objective on shares of Commerce Bancshares in a research note on Friday, January 19th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $57.88.
In other news, VP Daniel D. Callahan sold 1,090 shares of Commerce Bancshares stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $56.95, for a total transaction of $62,075.50. Following the sale, the vice president now owns 32,822 shares in the company, valued at $1,869,212.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Jonathan M. Kemper sold 33,424 shares of the firm’s stock in a transaction that occurred on Wednesday, March 14th. The stock was sold at an average price of $61.04, for a total transaction of $2,040,200.96. Following the sale, the insider now directly owns 1,059,102 shares of the company’s stock, valued at approximately $64,647,586.08. The disclosure for this sale can be found here. Insiders sold 168,774 shares of company stock worth $9,878,981 in the last 90 days. 4.00% of the stock is currently owned by insiders.
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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.
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