Commerce Bancshares, Inc. (NASDAQ:CBSH) Holdings Raised by Yousif Capital Management LLC

Yousif Capital Management LLC lifted its stake in Commerce Bancshares, Inc. (NASDAQ:CBSH) by 5.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 55,217 shares of the financial services provider’s stock after purchasing an additional 2,620 shares during the quarter. Yousif Capital Management LLC’s holdings in Commerce Bancshares were worth $2,949,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Cooke & Bieler LP boosted its holdings in shares of Commerce Bancshares by 32.4% in the fourth quarter. Cooke & Bieler LP now owns 972,255 shares of the financial services provider’s stock worth $51,928,000 after buying an additional 237,703 shares during the period. Walleye Capital LLC boosted its stake in Commerce Bancshares by 147.7% in the 3rd quarter. Walleye Capital LLC now owns 296,634 shares of the financial services provider’s stock worth $14,232,000 after purchasing an additional 176,897 shares during the period. Schroder Investment Management Group grew its position in Commerce Bancshares by 12.4% during the 3rd quarter. Schroder Investment Management Group now owns 618,515 shares of the financial services provider’s stock worth $29,676,000 after purchasing an additional 68,256 shares in the last quarter. Boston Trust Walden Corp raised its stake in Commerce Bancshares by 6.7% during the 4th quarter. Boston Trust Walden Corp now owns 1,094,108 shares of the financial services provider’s stock valued at $58,436,000 after purchasing an additional 68,245 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Commerce Bancshares by 382.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 53,192 shares of the financial services provider’s stock valued at $2,552,000 after purchasing an additional 42,167 shares in the last quarter. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Insider Activity at Commerce Bancshares

In other Commerce Bancshares news, Director David W. Kemper sold 2,870 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $50.81, for a total transaction of $145,824.70. Following the transaction, the director now owns 1,181,994 shares in the company, valued at $60,057,115.14. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Commerce Bancshares news, EVP Robert S. Holmes sold 5,000 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $52.66, for a total transaction of $263,300.00. Following the completion of the transaction, the executive vice president now owns 50,293 shares of the company’s stock, valued at approximately $2,648,429.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David W. Kemper sold 2,870 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $50.81, for a total value of $145,824.70. Following the completion of the sale, the director now directly owns 1,181,994 shares in the company, valued at $60,057,115.14. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,876 shares of company stock valued at $510,441. Corporate insiders own 3.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on CBSH shares. Keefe, Bruyette & Woods upped their price target on Commerce Bancshares from $56.00 to $58.00 and gave the company a “market perform” rating in a research report on Wednesday, April 17th. Piper Sandler increased their price target on shares of Commerce Bancshares from $53.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th. Bank of America initiated coverage on shares of Commerce Bancshares in a report on Thursday, January 11th. They set a “neutral” rating and a $55.00 price target for the company. Raymond James upgraded shares of Commerce Bancshares from a “market perform” rating to an “outperform” rating and set a $61.00 target price for the company in a research report on Wednesday, April 17th. Finally, Morgan Stanley boosted their price target on shares of Commerce Bancshares from $46.00 to $55.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $55.00.

Commerce Bancshares Stock Down 0.1 %

NASDAQ CBSH opened at $55.41 on Monday. The stock has a market capitalization of $7.20 billion, a PE ratio of 15.45 and a beta of 0.79. Commerce Bancshares, Inc. has a 12-month low of $40.91 and a 12-month high of $56.75. The company has a 50 day moving average price of $52.48 and a two-hundred day moving average price of $51.30.

Commerce Bancshares (NASDAQ:CBSH) last released its quarterly earnings data on Tuesday, April 16th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.06. The business had revenue of $397.80 million during the quarter, compared to analyst estimates of $389.49 million. Commerce Bancshares had a net margin of 23.33% and a return on equity of 16.78%. Commerce Bancshares’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.90 EPS. As a group, equities analysts anticipate that Commerce Bancshares, Inc. will post 3.43 EPS for the current year.

Commerce Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Wednesday, June 5th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend is Wednesday, June 5th. Commerce Bancshares’s dividend payout ratio is 30.12%.

Commerce Bancshares Profile

Commerce Bancshares, Inc operates as the bank holding company for Commerce Bank that provides retail, mortgage banking, corporate, investment, trust, and asset management products and services to individuals and businesses in the United States. It operates through three segments: Consumer, Commercial, and Wealth.