Commerce Bancshares (CBSH) Receiving Favorable Media Coverage, Accern Reports

Media stories about Commerce Bancshares (NASDAQ:CBSH) have been trending positive recently, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Commerce Bancshares earned a daily sentiment score of 0.27 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 46.1560096726919 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Several research analysts have weighed in on CBSH shares. Zacks Investment Research raised shares of Commerce Bancshares from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a report on Tuesday, September 5th. Keefe, Bruyette & Woods reissued a “sell” rating and issued a $51.00 price target on shares of Commerce Bancshares in a report on Friday, September 15th. Finally, Piper Jaffray Companies reissued a “neutral” rating and issued a $60.00 price target on shares of Commerce Bancshares in a report on Friday, October 6th. Five research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $56.63.

Shares of Commerce Bancshares (CBSH) traded down $0.16 on Friday, hitting $55.69. 243,803 shares of the stock traded hands, compared to its average volume of 319,455. Commerce Bancshares has a 12 month low of $49.43 and a 12 month high of $57.91. The company has a market capitalization of $5,942.90, a PE ratio of 20.74, a PEG ratio of 3.24 and a beta of 0.80. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.68 and a quick ratio of 0.68.

Commerce Bancshares (NASDAQ:CBSH) last announced its earnings results on Thursday, October 12th. The financial services provider reported $0.71 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by ($0.03). Commerce Bancshares had a return on equity of 12.08% and a net margin of 23.93%. The business had revenue of $304.83 million for the quarter, compared to the consensus estimate of $317.28 million. During the same period in the prior year, the business posted $0.68 earnings per share. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. sell-side analysts forecast that Commerce Bancshares will post 2.77 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 18th. Stockholders of record on Thursday, November 30th will be issued a dividend of $0.225 per share. The ex-dividend date is Wednesday, November 29th. This represents a $0.90 annualized dividend and a dividend yield of 1.62%. Commerce Bancshares’s dividend payout ratio is presently 33.51%.

In other news, insider V Raymond Stranghoener sold 6,399 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $58.40, for a total transaction of $373,701.60. Following the transaction, the insider now directly owns 47,112 shares of the company’s stock, valued at $2,751,340.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.30% of the stock is currently owned by company insiders.

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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, 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.

Insider Buying and Selling by Quarter for Commerce Bancshares (NASDAQ:CBSH)

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