Zacks Research Has Negative Outlook for CBSH Q2 Earnings

Commerce Bancshares, Inc. (NASDAQ:CBSH) – Equities researchers at Zacks Research cut their Q2 2026 earnings per share (EPS) estimates for shares of Commerce Bancshares in a research note issued to investors on Thursday, February 12th. Zacks Research analyst Team now forecasts that the financial services provider will post earnings of $1.02 per share for the quarter, down from their previous forecast of $1.03. Zacks Research currently has a “Strong Sell” rating on the stock. The consensus estimate for Commerce Bancshares’ current full-year earnings is $3.94 per share. Zacks Research also issued estimates for Commerce Bancshares’ Q3 2026 earnings at $1.04 EPS, Q4 2026 earnings at $1.08 EPS, FY2026 earnings at $4.03 EPS, Q1 2027 earnings at $1.06 EPS, Q2 2027 earnings at $1.09 EPS, Q3 2027 earnings at $1.11 EPS, Q4 2027 earnings at $1.13 EPS, FY2027 earnings at $4.38 EPS and FY2028 earnings at $5.07 EPS.

Other research analysts have also issued reports about the company. Wall Street Zen lowered Commerce Bancshares from a “hold” rating to a “sell” rating in a research report on Saturday, October 18th. Keefe, Bruyette & Woods decreased their target price 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. Weiss Ratings restated a “hold (c)” rating on shares of Commerce Bancshares in a report on Monday, December 29th. Piper Sandler set a $62.00 price target on shares of Commerce Bancshares and gave the stock a “neutral” rating in a research note on Monday, January 26th. Finally, TD Cowen reduced their price target on shares of Commerce Bancshares from $61.00 to $55.00 and set a “hold” rating on the stock in a research report on Wednesday, January 7th. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $61.75.

Commerce Bancshares Price Performance

Shares of CBSH stock opened at $53.60 on Friday. Commerce Bancshares has a 1-year low of $48.69 and a 1-year high of $63.87. The firm has a market cap of $7.10 billion, a PE ratio of 12.79, a price-to-earnings-growth ratio of 2.70 and a beta of 0.62. The company has a 50-day moving average of $53.48 and a two-hundred day moving average of $54.39.

Commerce Bancshares (NASDAQ:CBSH) last issued its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.02. Commerce Bancshares had a return on equity of 15.51% and a net margin of 26.51%.The firm had revenue of $449.36 million during the quarter, compared to the consensus estimate of $442.47 million. During the same period last year, the company earned $1.01 EPS. The company’s quarterly revenue was up 6.5% on a year-over-year basis.

Commerce Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Investors of record on Friday, March 6th will be given a $0.275 dividend. The ex-dividend date is Friday, March 6th. This represents a $1.10 annualized dividend and a yield of 2.1%. Commerce Bancshares’s dividend payout ratio is 26.25%.

Insider Buying and Selling

In other Commerce Bancshares news, SVP David L. Roller sold 1,134 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $54.48, for a total transaction of $61,780.32. Following the completion of the sale, the senior vice president directly owned 30,535 shares of the company’s stock, valued at $1,663,546.80. This represents a 3.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Derrick Brooks sold 1,044 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $54.40, for a total value of $56,793.60. Following the sale, the senior vice president owned 14,585 shares of the company’s stock, valued at $793,424. This trade represents a 6.68% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 27,667 shares of company stock worth $1,493,323 in the last 90 days. Company insiders own 3.10% of the company’s stock.

Hedge Funds Weigh In On Commerce Bancshares

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of Commerce Bancshares during the fourth quarter valued at approximately $85,282,000. Champlain Investment Partners LLC acquired a new position in Commerce Bancshares in the 4th quarter valued at $58,830,000. Vanguard Group Inc. lifted its stake in shares of Commerce Bancshares by 8.1% during the 4th quarter. Vanguard Group Inc. now owns 14,690,039 shares of the financial services provider’s stock worth $768,877,000 after purchasing an additional 1,098,142 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Commerce Bancshares by 1,433.7% during the fourth quarter. Victory Capital Management Inc. now owns 1,145,683 shares of the financial services provider’s stock worth $59,965,000 after purchasing an additional 1,070,980 shares during the last quarter. Finally, First Trust Advisors LP grew its position in shares of Commerce Bancshares by 37.4% in the fourth quarter. First Trust Advisors LP now owns 2,352,406 shares of the financial services provider’s stock valued at $123,125,000 after purchasing an additional 640,928 shares during the period. Institutional investors and hedge funds own 70.26% of the company’s stock.

Commerce Bancshares News Roundup

Here are the key news stories impacting Commerce Bancshares this week:

• Positive Sentiment: Commerce reported a modest earnings beat in its most recent quarter (EPS $1.01 vs. $0.99 consensus) and revenue growth year-over-year, supporting underlying profitability and return-on-equity metrics — a tailwind for the share price. MarketBeat: CBSH
• Neutral Sentiment: Multiple filings report a large “increase” in short interest for February, but the published figures show 0 shares and NaN changes — indicating a likely data glitch or reporting lag. Current published days-to-cover is 0.0, so don’t read this as confirmed rising short pressure until corrected exchange/clearing data appear. MarketBeat: CBSH
• Neutral Sentiment: Comparative coverage: a Zacks piece comparing UMB Financial (UMBF) and CBSH can influence relative flows among Midwest bank stocks as investors rotate to perceived better values. Readers may use it to reassess positioning versus peers. UMBF vs. CBSH
• Negative Sentiment: Zacks Research issued a broad set of lower EPS estimates across FY2026–FY2028 and assigned a “Strong Sell” rating, trimming quarterly and annual forecasts materially versus prior calls. Those downward revisions and a negative stance from a known research house are likely putting immediate pressure on the stock and can influence short-term flows and sentiment. MarketBeat: CBSH (Zacks notes)

Commerce Bancshares Company Profile

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.