Campbell & CO Investment Adviser LLC Has $1.77 Million Holdings in Commerce Bancshares, Inc. $CBSH

Campbell & CO Investment Adviser LLC decreased its holdings in Commerce Bancshares, Inc. (NASDAQ:CBSH) by 53.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,684 shares of the financial services provider’s stock after selling 33,761 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Commerce Bancshares were worth $1,774,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CBSH. Geneos Wealth Management Inc. grew its position in shares of Commerce Bancshares by 85.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 469 shares of the financial services provider’s stock valued at $29,000 after buying an additional 216 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Commerce Bancshares by 15.9% in the second quarter. GAMMA Investing LLC now owns 2,177 shares of the financial services provider’s stock valued at $135,000 after acquiring an additional 299 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Commerce Bancshares by 0.5% in the second quarter. Public Employees Retirement System of Ohio now owns 39,371 shares of the financial services provider’s stock valued at $2,448,000 after acquiring an additional 190 shares during the last quarter. Signaturefd LLC increased its position in Commerce Bancshares by 13.8% during the 2nd quarter. Signaturefd LLC now owns 2,036 shares of the financial services provider’s stock valued at $127,000 after purchasing an additional 247 shares during the period. Finally, Claris Advisors LLC MO bought a new position in Commerce Bancshares during the 2nd quarter worth approximately $446,000. 70.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on CBSH shares. Hovde Group started coverage on shares of Commerce Bancshares in a research note on Monday, October 6th. They issued an “outperform” rating and a $66.67 price objective on the stock. Piper Sandler reaffirmed a “neutral” rating and set a $64.00 price target (up previously from $60.00) on shares of Commerce Bancshares in a research report on Friday, January 9th. TD Cowen decreased their price target on Commerce Bancshares from $61.00 to $55.00 and set a “hold” rating for the company in a report on Wednesday, January 7th. Keefe, Bruyette & Woods dropped their price objective on Commerce Bancshares from $61.90 to $57.14 and set a “market perform” rating on the stock in a research note on Friday, October 17th. Finally, Zacks Research lowered Commerce Bancshares from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 8th. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $62.03.

Commerce Bancshares Price Performance

CBSH stock opened at $54.29 on Friday. The company’s 50-day moving average is $52.41 and its 200-day moving average is $55.36. The stock has a market capitalization of $7.19 billion, a PE ratio of 12.96, a price-to-earnings-growth ratio of 3.28 and a beta of 0.62. Commerce Bancshares, Inc. has a 1 year low of $48.69 and a 1 year high of $65.59.

Commerce Bancshares (NASDAQ:CBSH) last issued its earnings results on Thursday, October 16th. The financial services provider reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.03). The firm had revenue of $448.85 million during the quarter, compared to the consensus estimate of $447.04 million. Commerce Bancshares had a net margin of 26.48% and a return on equity of 15.73%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.02 earnings per share. On average, analysts anticipate that Commerce Bancshares, Inc. will post 3.94 earnings per share for the current fiscal year.

Commerce Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Tuesday, December 2nd were given a $0.275 dividend. The ex-dividend date of this dividend was Tuesday, December 2nd. This represents a $1.10 annualized dividend and a yield of 2.0%. Commerce Bancshares’s dividend payout ratio (DPR) is presently 26.25%.

About Commerce Bancshares

Commerce Bancshares, Inc is a bank holding company primarily engaged in providing a broad range of banking and financial services across the Midwest. Through its principal subsidiary, Commerce Bank, the company offers commercial and consumer banking, treasury management, trust and wealth advisory, and mortgage lending. Its diversified product suite includes deposit and loan products, cash management solutions, capital markets services, and private banking designed to meet the needs of individuals, small businesses, and large corporations.

The company’s commercial banking group delivers tailored credit facilities, equipment and inventory financing, asset-based lending, and merchant services.