Zacks Research Has Bearish Outlook for CBSH FY2026 Earnings

Commerce Bancshares, Inc. (NASDAQ:CBSH) – Investment analysts at Zacks Research dropped their FY2026 earnings per share (EPS) estimates for shares of Commerce Bancshares in a research note issued to investors on Thursday, April 2nd. Zacks Research analyst Team now expects that the financial services provider will post earnings per share of $3.97 for the year, down from their prior estimate of $4.04. Zacks Research currently has a “Hold” 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’ Q2 2027 earnings at $1.09 EPS and Q1 2028 earnings at $1.19 EPS.

A number of other brokerages also recently issued reports on CBSH. TD Cowen cut their price objective on Commerce Bancshares from $61.00 to $55.00 and set a “hold” rating for the company in a research report on Wednesday, January 7th. Wells Fargo & Company cut their price objective on Commerce Bancshares from $60.00 to $53.00 and set an “equal weight” rating for the company in a research report on Monday, March 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Commerce Bancshares in a research report on Friday, March 27th. Piper Sandler set a $62.00 price objective on Commerce Bancshares and gave the stock a “neutral” rating in a research report on Monday, January 26th. Finally, Morgan Stanley cut their price objective on Commerce Bancshares from $67.00 to $65.00 and set an “equal weight” rating for the company in a research report on Monday, March 2nd. One research analyst has rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $60.92.

Commerce Bancshares Stock Performance

Shares of NASDAQ:CBSH opened at $49.97 on Tuesday. The business has a 50-day moving average price of $51.14 and a 200 day moving average price of $52.27. The company has a market capitalization of $7.34 billion, a price-to-earnings ratio of 11.93, a PEG ratio of 2.50 and a beta of 0.60. Commerce Bancshares has a 12-month low of $46.99 and a 12-month high of $63.19.

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. The firm had revenue of $449.36 million during the quarter, compared to the consensus estimate of $442.47 million. Commerce Bancshares had a return on equity of 15.34% and a net margin of 26.51%.The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the company earned $1.01 EPS.

Commerce Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Friday, March 6th were given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Friday, March 6th. Commerce Bancshares’s payout ratio is currently 26.25%.

Insider Buying and Selling

In other news, Director Timothy S. Dunn bought 2,500 shares of the company’s stock in a transaction on Friday, March 13th. The stock was bought at an average cost of $47.71 per share, with a total value of $119,275.00. Following the transaction, the director directly owned 5,403 shares in the company, valued at $257,777.13. The trade was a 86.12% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Kim L. Jakovich sold 949 shares of Commerce Bancshares stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $51.45, for a total value of $48,826.05. Following the completion of the transaction, the senior vice president directly owned 12,741 shares of the company’s stock, valued at approximately $655,524.45. This represents a 6.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 29,477 shares of company stock worth $1,586,655 over the last 90 days. 1.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Commerce Bancshares

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Commerce Bancshares by 8.1% during the fourth quarter. Vanguard Group Inc. now owns 14,690,039 shares of the financial services provider’s stock worth $768,877,000 after buying an additional 1,098,142 shares in the last quarter. State Street Corp grew its position in shares of Commerce Bancshares by 8.4% during the fourth quarter. State Street Corp now owns 7,318,898 shares of the financial services provider’s stock worth $383,071,000 after buying an additional 566,853 shares in the last quarter. Commerce Bank grew its position in shares of Commerce Bancshares by 7.0% during the fourth quarter. Commerce Bank now owns 5,660,823 shares of the financial services provider’s stock worth $296,287,000 after buying an additional 369,636 shares in the last quarter. American Century Companies Inc. grew its position in shares of Commerce Bancshares by 5.4% during the third quarter. American Century Companies Inc. now owns 3,972,884 shares of the financial services provider’s stock worth $237,420,000 after buying an additional 202,758 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Commerce Bancshares by 15.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,049,064 shares of the financial services provider’s stock worth $159,597,000 after buying an additional 406,063 shares in the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.

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.