John W. Kemper Sells 7,798 Shares of Commerce Bancshares, Inc. (NASDAQ:CBSH) Stock

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Commerce Bancshares, Inc. (NASDAQ:CBSH) CEO John W. Kemper sold 7,798 shares of the business’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $70.52, for a total transaction of $549,914.96. Following the completion of the transaction, the chief executive officer now owns 170,024 shares in the company, valued at $11,990,092.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

John W. Kemper also recently made the following trade(s):

  • On Tuesday, January 28th, John W. Kemper sold 10,960 shares of Commerce Bancshares stock. The shares were sold at an average price of $68.37, for a total transaction of $749,335.20.

Shares of CBSH stock opened at $70.16 on Friday. The stock has a market capitalization of $7.97 billion, a P/E ratio of 19.71, a PEG ratio of 6.90 and a beta of 0.75. The firm’s 50 day moving average is $68.32 and its 200 day moving average is $63.57. Commerce Bancshares, Inc. has a 12 month low of $54.65 and a 12 month high of $71.92.

Commerce Bancshares (NASDAQ:CBSH) last announced its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.93 EPS for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.05. The company had revenue of $346.12 million for the quarter, compared to analysts’ expectations of $332.87 million. Commerce Bancshares had a net margin of 29.06% and a return on equity of 14.18%. During the same period in the prior year, the company posted $0.91 EPS. On average, sell-side analysts anticipate that Commerce Bancshares, Inc. will post 3.42 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Friday, March 6th will be paid a dividend of $0.27 per share. This is a boost from Commerce Bancshares’s previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date is Thursday, March 5th. Commerce Bancshares’s dividend payout ratio is presently 29.05%.

CBSH has been the topic of a number of research analyst reports. Wells Fargo & Co cut shares of Commerce Bancshares from an “equal weight” rating to an “underweight” rating and set a $55.00 target price on the stock. in a research note on Monday, January 6th. They noted that the move was a valuation call. Morgan Stanley boosted their target price on shares of Commerce Bancshares from $56.00 to $57.00 and gave the company an “underweight” rating in a research note on Tuesday, January 28th. DA Davidson upped their price target on shares of Commerce Bancshares to $69.00 and gave the company a “neutral” rating in a research note on Tuesday, December 24th. Finally, BidaskClub upgraded shares of Commerce Bancshares from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. Three analysts have rated the stock with a sell rating and four have given a hold rating to the stock. Commerce Bancshares presently has an average rating of “Hold” and an average price target of $58.00.

Several hedge funds have recently made changes to their positions in the stock. BBVA USA Bancshares Inc. increased its holdings in Commerce Bancshares by 2.7% during the 3rd quarter. BBVA USA Bancshares Inc. now owns 15,502 shares of the financial services provider’s stock worth $940,000 after acquiring an additional 407 shares during the period. Parametric Portfolio Associates LLC increased its holdings in Commerce Bancshares by 1.2% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 184,183 shares of the financial services provider’s stock worth $11,171,000 after acquiring an additional 2,219 shares during the period. Barber Financial Group Inc. increased its holdings in Commerce Bancshares by 6.8% during the 3rd quarter. Barber Financial Group Inc. now owns 16,628 shares of the financial services provider’s stock worth $1,008,000 after acquiring an additional 1,053 shares during the period. First Trust Advisors LP increased its holdings in Commerce Bancshares by 10.9% during the 3rd quarter. First Trust Advisors LP now owns 182,261 shares of the financial services provider’s stock worth $11,054,000 after acquiring an additional 17,949 shares during the period. Finally, Voya Investment Management LLC increased its holdings in Commerce Bancshares by 2.8% during the 3rd quarter. Voya Investment Management LLC now owns 18,151 shares of the financial services provider’s stock worth $1,101,000 after acquiring an additional 493 shares during the period. Institutional investors own 65.81% of the company’s stock.

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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