Commerce Bancshares, Inc. (CBSH) Vice Chairman Jonathan M. Kemper Sells 55,000 Shares of Stock

Commerce Bancshares, Inc. (NASDAQ:CBSH) Vice Chairman Jonathan M. Kemper sold 55,000 shares of Commerce Bancshares stock in a transaction on Monday, December 11th. The stock was sold at an average price of $55.06, for a total transaction of $3,028,300.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of Commerce Bancshares, Inc. (NASDAQ:CBSH) traded down $0.68 during trading hours on Thursday, reaching $54.34. 618,487 shares of the company traded hands, compared to its average volume of 391,704. Commerce Bancshares, Inc. has a 12-month low of $51.90 and a 12-month high of $60.61. 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 firm has a market cap of $5,907.71, a price-to-earnings ratio of 20.61, a P/E/G ratio of 3.23 and a beta of 0.80.

Commerce Bancshares (NASDAQ:CBSH) last announced its quarterly 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 company had revenue of $304.83 million for the quarter, compared to analyst estimates of $317.28 million. During the same quarter in the prior year, the business earned $0.68 earnings per share. Commerce Bancshares’s revenue was up 4.9% compared to the same quarter last year. research analysts anticipate that Commerce Bancshares, Inc. will post 2.77 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 18th. Shareholders of record on Thursday, November 30th will be paid a $0.225 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $0.90 dividend on an annualized basis and a yield of 1.66%. Commerce Bancshares’s dividend payout ratio is presently 33.51%.

Several equities research analysts recently commented on CBSH shares. Zacks Investment Research upgraded shares of Commerce Bancshares from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a research note on Friday, October 6th. 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, October 6th. Finally, Keefe, Bruyette & Woods reiterated a “sell” rating and set a $51.00 price target on shares of Commerce Bancshares in a research note on Friday, September 15th. Six equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. Commerce Bancshares presently has an average rating of “Sell” and a consensus price target of $56.63.

A number of hedge funds and other institutional investors have recently bought and sold shares of CBSH. Public Employees Retirement Association of Colorado increased its stake in Commerce Bancshares by 0.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 12,520 shares of the financial services provider’s stock valued at $712,000 after purchasing an additional 42 shares during the period. Janney Montgomery Scott LLC increased its stake in Commerce Bancshares by 13.7% in the second quarter. Janney Montgomery Scott LLC now owns 5,471 shares of the financial services provider’s stock valued at $311,000 after purchasing an additional 660 shares during the period. Great West Life Assurance Co. Can increased its stake in Commerce Bancshares by 0.4% in the second quarter. Great West Life Assurance Co. Can now owns 71,530 shares of the financial services provider’s stock valued at $4,060,000 after purchasing an additional 265 shares during the period. World Asset Management Inc increased its stake in Commerce Bancshares by 2.8% in the second quarter. World Asset Management Inc now owns 5,568 shares of the financial services provider’s stock valued at $316,000 after purchasing an additional 150 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its stake in Commerce Bancshares by 1.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 468,110 shares of the financial services provider’s stock valued at $26,603,000 after purchasing an additional 8,179 shares during the period. Institutional investors own 59.15% of the company’s stock.

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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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