Commerce Bancshares (CBSH) to Release Quarterly Earnings on Thursday

Commerce Bancshares (NASDAQ:CBSHGet Free Report) will announce its earnings results before the market opens on Thursday, July 18th. Analysts expect the company to announce earnings of $0.88 per share for the quarter.

Commerce Bancshares (NASDAQ:CBSHGet Free Report) last issued its quarterly earnings data on Tuesday, April 16th. The financial services provider reported $0.86 EPS for the quarter, topping the consensus estimate of $0.80 by $0.06. Commerce Bancshares had a return on equity of 16.78% and a net margin of 23.33%. The company had revenue of $397.80 million during the quarter, compared to analyst estimates of $389.49 million. During the same quarter in the previous year, the company posted $0.90 earnings per share. Commerce Bancshares’s revenue was up 2.2% compared to the same quarter last year. On average, analysts expect Commerce Bancshares to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Commerce Bancshares Stock Performance

NASDAQ:CBSH opened at $57.00 on Thursday. The stock has a 50-day simple moving average of $55.17 and a two-hundred day simple moving average of $53.58. Commerce Bancshares has a 52-week low of $40.91 and a 52-week high of $57.48. The firm has a market capitalization of $7.38 billion, a PE ratio of 15.90, a P/E/G ratio of 1.79 and a beta of 0.76.

Commerce Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 18th. Shareholders of record on Wednesday, June 5th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.89%. The ex-dividend date was Wednesday, June 5th. Commerce Bancshares’s dividend payout ratio is presently 30.12%.

Analysts Set New Price Targets

Several analysts have issued reports on CBSH shares. Jefferies Financial Group boosted their price target on Commerce Bancshares from $60.00 to $62.00 and gave the company a “hold” rating in a report on Wednesday, July 3rd. StockNews.com upgraded Commerce Bancshares from a “sell” rating to a “hold” rating in a research report on Wednesday, April 17th. Raymond James upgraded Commerce Bancshares from a “market perform” rating to an “outperform” rating and set a $61.00 price objective on the stock in a research report on Wednesday, April 17th. Piper Sandler boosted their price objective on Commerce Bancshares from $53.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday, April 17th. Finally, Keefe, Bruyette & Woods boosted their price objective on Commerce Bancshares from $58.00 to $60.00 and gave the company a “market perform” rating in a research report on Friday, May 10th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Commerce Bancshares presently has a consensus rating of “Hold” and a consensus target price of $56.71.

Check Out Our Latest Stock Analysis on CBSH

Insider Buying and Selling

In related news, CEO John W. Kemper sold 26,581 shares of Commerce Bancshares stock in a transaction on Friday, May 10th. The shares were sold at an average price of $56.77, for a total transaction of $1,509,003.37. Following the sale, the chief executive officer now directly owns 198,387 shares in the company, valued at approximately $11,262,429.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.10% of the stock is currently owned by corporate insiders.

Commerce Bancshares Company Profile

(Get 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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Earnings History for Commerce Bancshares (NASDAQ:CBSH)

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