Commerce Bancshares, Inc. (CBSH) to Release Earnings on Thursday

Commerce Bancshares, Inc. (NASDAQ:CBSH) is scheduled to release its earnings data on Thursday, October 12th. Analysts expect Commerce Bancshares to post earnings of $0.74 per share for the quarter.

Commerce Bancshares (NASDAQ:CBSH) last released its earnings results on Thursday, July 13th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.05. Commerce Bancshares had a return on equity of 12.01% and a net margin of 23.79%. The firm had revenue of $305.89 million for the quarter, compared to the consensus estimate of $309.44 million. During the same period in the prior year, the firm earned $0.70 EPS. The firm’s revenue was up 6.1% on a year-over-year basis. On average, analysts expect Commerce Bancshares to post $2.94 EPS for the current fiscal year and $3.11 EPS for the next fiscal year.

Commerce Bancshares, Inc. (CBSH) opened at 57.98 on Tuesday. The firm has a market capitalization of $5.89 billion, a P/E ratio of 21.01 and a beta of 0.83. Commerce Bancshares, Inc. has a 52-week low of $47.64 and a 52-week high of $60.61. The company has a 50 day moving average price of $55.69 and a 200 day moving average price of $55.92.

The company also recently declared a quarterly dividend, which was paid on Monday, September 25th. Stockholders of record on Friday, September 8th were paid a dividend of $0.225 per share. The ex-dividend date was Thursday, September 7th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.55%. Commerce Bancshares’s dividend payout ratio (DPR) is 32.64%.

In other Commerce Bancshares news, Director John R. Capps sold 10,000 shares of the company’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $54.82, for a total transaction of $548,200.00. Following the transaction, the director now directly owns 12,828 shares in the company, valued at $703,230.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman David W. Kemper sold 10,132 shares of the company’s stock in a transaction dated Friday, July 21st. The stock was sold at an average price of $57.83, for a total transaction of $585,933.56. Following the transaction, the chairman now owns 1,270,757 shares in the company, valued at $73,487,877.31. The disclosure for this sale can be found here. Insiders have sold 20,819 shares of company stock worth $1,174,728 over the last 90 days. 4.30% of the stock is currently owned by company insiders.

A number of research analysts have recently issued reports on CBSH shares. Zacks Investment Research lowered shares of Commerce Bancshares from a “buy” rating to a “hold” rating in a research note on Thursday, August 31st. Piper Jaffray Companies reiterated a “neutral” rating and set a $60.00 price target on shares of Commerce Bancshares in a research note on Friday. Stephens reiterated an “equal weight” rating and set a $56.00 price target (up from $52.00) on shares of Commerce Bancshares in a research note on Monday, July 17th. BidaskClub lowered shares of Commerce Bancshares from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Finally, Barclays PLC set a $58.00 price target on shares of Commerce Bancshares and gave the stock a “hold” rating in a research note on Sunday, July 16th. Five investment analysts have rated the stock with a sell rating and six have given a hold rating to the stock. Commerce Bancshares presently has a consensus rating of “Hold” and a consensus target price of $56.63.

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About Commerce Bancshares

Commerce Bancshares, Inc is a bank holding company of Commerce Bank (the Bank). The Bank is engaged in general banking business,

Commerce Bancshares (NASDAQ:CBSH) last released its earnings results on Thursday, July 13th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.05. Commerce Bancshares had a return on equity of 12.01% and a net margin of 23.79%. The firm had revenue of $305.89 million for the quarter, compared to the consensus estimate of $309.44 million. During the same period in the prior year, the firm earned $0.70 EPS. The firm’s revenue was up 6.1% on a year-over-year basis. On average, analysts expect Commerce Bancshares to post $2.94 EPS for the current fiscal year and $3.11 EPS for the next fiscal year.

Commerce Bancshares, Inc. (CBSH) opened at 57.98 on Tuesday. The firm has a market capitalization of $5.89 billion, a P/E ratio of 21.01 and a beta of 0.83. Commerce Bancshares, Inc. has a 52-week low of $47.64 and a 52-week high of $60.61. The company has a 50 day moving average price of $55.69 and a 200 day moving average price of $55.92.

The company also recently declared a quarterly dividend, which was paid on Monday, September 25th. Stockholders of record on Friday, September 8th were paid a dividend of $0.225 per share. The ex-dividend date was Thursday, September 7th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.55%. Commerce Bancshares’s dividend payout ratio (DPR) is 32.64%.

In other Commerce Bancshares news, Director John R. Capps sold 10,000 shares of the company’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $54.82, for a total transaction of $548,200.00. Following the transaction, the director now directly owns 12,828 shares in the company, valued at $703,230.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman David W. Kemper sold 10,132 shares of the company’s stock in a transaction dated Friday, July 21st. The stock was sold at an average price of $57.83, for a total transaction of $585,933.56. Following the transaction, the chairman now owns 1,270,757 shares in the company, valued at $73,487,877.31. The disclosure for this sale can be found here. Insiders have sold 20,819 shares of company stock worth $1,174,728 over the last 90 days. 4.30% of the stock is currently owned by company insiders.

A number of research analysts have recently issued reports on CBSH shares. Zacks Investment Research lowered shares of Commerce Bancshares from a “buy” rating to a “hold” rating in a research note on Thursday, August 31st. Piper Jaffray Companies reiterated a “neutral” rating and set a $60.00 price target on shares of Commerce Bancshares in a research note on Friday. Stephens reiterated an “equal weight” rating and set a $56.00 price target (up from $52.00) on shares of Commerce Bancshares in a research note on Monday, July 17th. BidaskClub lowered shares of Commerce Bancshares from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Finally, Barclays PLC set a $58.00 price target on shares of Commerce Bancshares and gave the stock a “hold” rating in a research note on Sunday, July 16th. Five investment analysts have rated the stock with a sell rating and six have given a hold rating to the stock. Commerce Bancshares presently has a consensus rating of “Hold” and a consensus target price of $56.63.

COPYRIGHT VIOLATION NOTICE: This report was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this report on another domain, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The correct version of this report can be accessed at https://ledgergazette.com/2017/10/10/commerce-bancshares-inc-cbsh-to-release-earnings-on-thursday.html.

About Commerce Bancshares

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.

Earnings History for Commerce Bancshares (NASDAQ:CBSH)

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