TFO Wealth Partners LLC Has $176,000 Stake in Commerce Bancshares, Inc. (NASDAQ:CBSH)

TFO Wealth Partners LLC increased its holdings in Commerce Bancshares, Inc. (NASDAQ:CBSHFree Report) by 54,666.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,286 shares of the financial services provider’s stock after buying an additional 3,280 shares during the period. TFO Wealth Partners LLC’s holdings in Commerce Bancshares were worth $176,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. BKM Wealth Management LLC bought a new position in Commerce Bancshares in the fourth quarter valued at approximately $29,000. Creative Financial Designs Inc. ADV bought a new position in Commerce Bancshares in the fourth quarter valued at approximately $35,000. Exchange Traded Concepts LLC bought a new position in Commerce Bancshares in the fourth quarter valued at approximately $55,000. Signaturefd LLC increased its stake in Commerce Bancshares by 14.4% in the fourth quarter. Signaturefd LLC now owns 1,694 shares of the financial services provider’s stock valued at $90,000 after acquiring an additional 213 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its stake in Commerce Bancshares by 11.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,604 shares of the financial services provider’s stock valued at $139,000 after acquiring an additional 264 shares during the last quarter. 70.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CBSH. Keefe, Bruyette & Woods lifted their price objective on shares of Commerce Bancshares from $58.00 to $60.00 and gave the company a “market perform” rating in a research note on Friday, May 10th. Morgan Stanley boosted their target price on shares of Commerce Bancshares from $46.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. Raymond James raised shares of Commerce Bancshares from a “market perform” rating to an “outperform” rating and set a $61.00 target price on the stock in a research note on Wednesday, April 17th. StockNews.com raised shares of Commerce Bancshares from a “sell” rating to a “hold” rating in a research note on Wednesday, April 17th. Finally, Piper Sandler boosted their target price on shares of Commerce Bancshares from $53.00 to $54.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Commerce Bancshares presently has a consensus rating of “Hold” and a consensus target price of $55.29.

Read Our Latest Stock Report on CBSH

Commerce Bancshares Stock Down 1.2 %

Shares of Commerce Bancshares stock opened at $54.98 on Tuesday. Commerce Bancshares, Inc. has a twelve month low of $40.91 and a twelve month high of $57.48. The stock has a market cap of $7.12 billion, a price-to-earnings ratio of 15.33, a P/E/G ratio of 1.83 and a beta of 0.76. The company’s fifty day moving average is $54.59 and its 200 day moving average is $53.08.

Commerce Bancshares (NASDAQ:CBSHGet Free Report) last issued its quarterly earnings data on Tuesday, April 16th. The financial services provider reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.06. Commerce Bancshares had a net margin of 23.33% and a return on equity of 16.78%. The company had revenue of $397.80 million for the quarter, compared to analysts’ expectations of $389.49 million. During the same quarter in the previous year, the firm posted $0.90 earnings per share. Commerce Bancshares’s revenue for the quarter was up 2.2% on a year-over-year basis. As a group, equities analysts anticipate that Commerce Bancshares, Inc. will post 3.54 earnings per share for the current fiscal year.

Commerce Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Wednesday, June 5th will be paid a $0.27 dividend. The ex-dividend date is Wednesday, June 5th. This represents a $1.08 annualized dividend and a dividend yield of 1.96%. Commerce Bancshares’s dividend payout ratio is 30.12%.

Insider Buying and Selling

In related 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 value of $263,300.00. Following the transaction, the executive vice president now owns 50,293 shares in the company, valued at $2,648,429.38. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, CEO John W. Kemper sold 26,581 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $56.77, for a total value of $1,509,003.37. Following the transaction, the chief executive officer now owns 198,387 shares in the company, valued at $11,262,429.99. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, 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 in the company, valued at approximately $2,648,429.38. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by insiders.

Commerce Bancshares Profile

(Free Report)

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.

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

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