GSA Capital Partners LLP Invests $283,000 in Commerce Bancshares, Inc. (NASDAQ:CBSH)

GSA Capital Partners LLP bought a new stake in shares of Commerce Bancshares, Inc. (NASDAQ:CBSH) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,898 shares of the financial services provider’s stock, valued at approximately $283,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. M&T Bank Corp raised its position in shares of Commerce Bancshares by 1.0% during the 2nd quarter. M&T Bank Corp now owns 6,179 shares of the financial services provider’s stock valued at $351,000 after buying an additional 62 shares in the last quarter. Advisor Group Inc. raised its position in shares of Commerce Bancshares by 2.4% during the 2nd quarter. Advisor Group Inc. now owns 5,023 shares of the financial services provider’s stock valued at $250,000 after buying an additional 120 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Commerce Bancshares by 8.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,339 shares of the financial services provider’s stock valued at $190,000 after buying an additional 264 shares in the last quarter. Citizens Financial Group Inc RI raised its position in shares of Commerce Bancshares by 25.5% during the 2nd quarter. Citizens Financial Group Inc RI now owns 2,650 shares of the financial services provider’s stock valued at $151,000 after buying an additional 539 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its position in shares of Commerce Bancshares by 3.7% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 16,605 shares of the financial services provider’s stock valued at $944,000 after buying an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 59.15% of the company’s stock.

Commerce Bancshares, Inc. (CBSH) opened at $57.79 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.68 and a quick ratio of 0.68. The company has a market cap of $6,184.10, a PE ratio of 21.52, a price-to-earnings-growth ratio of 2.28 and a beta of 0.80. Commerce Bancshares, Inc. has a one year low of $51.90 and a one year high of $60.61.

The business also recently announced a quarterly dividend, which was paid on Monday, December 18th. Shareholders of record on Thursday, November 30th were paid a $0.225 dividend. The ex-dividend date was Wednesday, November 29th. This represents a $0.90 dividend on an annualized basis and a yield of 1.56%. Commerce Bancshares’s dividend payout ratio is currently 33.51%.

A number of analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Commerce Bancshares from a “buy” rating to a “hold” rating in a research report on Monday, October 9th. Piper Jaffray Companies reissued a “neutral” rating and issued a $60.00 price objective on shares of Commerce Bancshares in a research report on Friday, October 6th. BidaskClub raised shares of Commerce Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Finally, Barclays reissued a “hold” rating and issued a $55.00 price objective on shares of Commerce Bancshares in a research report on Sunday, December 24th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $56.25.

In other Commerce Bancshares news, Vice Chairman Jonathan M. Kemper sold 55,000 shares of the company’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $55.06, for a total value of $3,028,300.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider V Raymond Stranghoener sold 6,399 shares of the company’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $58.40, for a total transaction of $373,701.60. Following the completion of the transaction, the insider now owns 47,112 shares in the company, valued at $2,751,340.80. The disclosure for this sale can be found here. 4.30% of the stock is owned by corporate insiders.

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Commerce Bancshares 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.

Institutional Ownership by Quarter for Commerce Bancshares (NASDAQ:CBSH)

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