MSH Capital Advisors LLC Invests $980,000 in Commerce Bancshares, Inc. $CBSH

MSH Capital Advisors LLC acquired a new stake in shares of Commerce Bancshares, Inc. (NASDAQ:CBSH) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 16,972 shares of the financial services provider’s stock, valued at approximately $980,000.

A number of other large investors also recently bought and sold shares of the business. Danske Bank A S bought a new stake in Commerce Bancshares during the 3rd quarter valued at $25,000. Geneos Wealth Management Inc. increased its holdings in shares of Commerce Bancshares by 85.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 469 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 216 shares during the period. Root Financial Partners LLC raised its position in shares of Commerce Bancshares by 104.9% in the 1st quarter. Root Financial Partners LLC now owns 623 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 319 shares in the last quarter. Laurel Wealth Advisors LLC bought a new position in shares of Commerce Bancshares in the 4th quarter worth $34,000. Finally, Rothschild Investment LLC lifted its stake in shares of Commerce Bancshares by 75.3% during the 4th quarter. Rothschild Investment LLC now owns 1,031 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 443 shares during the last quarter. Institutional investors own 70.26% of the company’s stock.

Commerce Bancshares Price Performance

Shares of CBSH opened at $58.87 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.82 and a quick ratio of 0.82. The company’s fifty day moving average price is $58.17 and its 200-day moving average price is $53.76. The firm has a market capitalization of $8.44 billion, a PE ratio of 14.25, a price-to-earnings-growth ratio of 2.12 and a beta of 0.59. Commerce Bancshares, Inc. has a 1-year low of $46.99 and a 1-year high of $60.92.

Commerce Bancshares (NASDAQ:CBSH) last announced its quarterly earnings data on Thursday, July 16th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.06. Commerce Bancshares had a return on equity of 14.31% and a net margin of 26.07%.The firm had revenue of $498.91 million during the quarter, compared to analysts’ expectations of $492.22 million. During the same period last year, the business posted $1.14 earnings per share. On average, equities research analysts predict that Commerce Bancshares, Inc. will post 4.25 EPS for the current year.

Commerce Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Friday, September 4th will be given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Friday, September 4th. Commerce Bancshares’s dividend payout ratio (DPR) is currently 26.63%.

Insider Activity

In related news, SVP Derrick Brooks sold 1,041 shares of Commerce Bancshares stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $59.63, for a total transaction of $62,074.83. Following the completion of the transaction, the senior vice president directly owned 13,117 shares in the company, valued at approximately $782,166.71. This trade represents a 7.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Charles G. Kim sold 19,771 shares of Commerce Bancshares stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $59.18, for a total transaction of $1,170,047.78. Following the transaction, the chief financial officer directly owned 119,410 shares of the company’s stock, valued at approximately $7,066,683.80. This trade represents a 14.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 32,484 shares of company stock valued at $1,936,055 over the last 90 days. Company insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Morgan Stanley reiterated a “positive” rating and issued a $65.00 target price (up from $61.00) on shares of Commerce Bancshares in a research note on Monday, June 29th. Hovde Group cut their price objective on shares of Commerce Bancshares from $63.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 22nd. Wells Fargo & Company set a $63.00 target price on shares of Commerce Bancshares and gave the company an “equal weight” rating in a research report on Monday, August 10th. Piper Sandler restated a “neutral” rating and issued a $66.00 target price (up from $59.00) on shares of Commerce Bancshares in a research note on Friday, July 17th. Finally, Wall Street Zen raised Commerce Bancshares from a “sell” rating to a “hold” rating in a research report on Tuesday, July 28th. Three investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Commerce Bancshares currently has a consensus rating of “Hold” and a consensus target price of $63.29.

About Commerce Bancshares

Commerce Bancshares, Inc is a bank holding company primarily engaged in providing a broad range of banking and financial services across the Midwest. Through its principal subsidiary, Commerce Bank, the company offers commercial and consumer banking, treasury management, trust and wealth advisory, and mortgage lending. Its diversified product suite includes deposit and loan products, cash management solutions, capital markets services, and private banking designed to meet the needs of individuals, small businesses, and large corporations.

The company’s commercial banking group delivers tailored credit facilities, equipment and inventory financing, asset-based lending, and merchant services.