MidFirst Bank Acquires Shares of 28,951 Canadian Imperial Bank of Commerce $CM

Posted by Brenda Bartman on Jun 19th, 2026

MidFirst Bank bought a new stake in Canadian Imperial Bank of Commerce (NYSE:CM – Free Report) (TSE:CM) in the fourth quarter, Holdings Channel reports. The institutional investor bought 28,951 shares of the bank’s stock, valued at approximately $2,623,000.

Several other hedge funds have also made changes to their positions in the business. CIBC Bancorp USA Inc. acquired a new stake in shares of Canadian Imperial Bank of Commerce during the third quarter worth $11,217,000. Mackenzie Financial Corp increased its stake in Canadian Imperial Bank of Commerce by 1.1% in the 3rd quarter. Mackenzie Financial Corp now owns 6,380,638 shares of the bank’s stock valued at $509,763,000 after buying an additional 67,738 shares during the period. Legal & General Group Plc increased its stake in Canadian Imperial Bank of Commerce by 2.0% in the 4th quarter. Legal & General Group Plc now owns 6,475,253 shares of the bank’s stock valued at $587,790,000 after buying an additional 125,069 shares during the period. Fisher Asset Management LLC raised its position in Canadian Imperial Bank of Commerce by 34.8% during the 3rd quarter. Fisher Asset Management LLC now owns 1,686,816 shares of the bank’s stock worth $134,760,000 after buying an additional 435,799 shares during the last quarter. Finally, Intech Investment Management LLC raised its position in Canadian Imperial Bank of Commerce by 6.5% during the 4th quarter. Intech Investment Management LLC now owns 343,828 shares of the bank’s stock worth $31,211,000 after buying an additional 21,078 shares during the last quarter. Institutional investors and hedge funds own 49.88% of the company’s stock.

Canadian Imperial Bank of Commerce Price Performance

Canadian Imperial Bank of Commerce stock opened at $111.72 on Friday. Canadian Imperial Bank of Commerce has a one year low of $68.53 and a one year high of $117.05. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.05 and a current ratio of 1.05. The business has a fifty day moving average of $110.15 and a two-hundred day moving average of $100.01. The company has a market cap of $101.98 billion, a P/E ratio of 15.35, a price-to-earnings-growth ratio of 1.21 and a beta of 1.02.

Canadian Imperial Bank of Commerce (NYSE:CM – Get Free Report) (TSE:CM) last posted its quarterly earnings results on Thursday, May 28th. The bank reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.08. Canadian Imperial Bank of Commerce had a net margin of 15.84% and a return on equity of 16.31%. The business had revenue of $5.89 billion for the quarter, compared to analysts’ expectations of $5.86 billion. During the same period in the prior year, the company posted $2.05 EPS. The business’s revenue for the quarter was up 14.0% on a year-over-year basis. As a group, analysts predict that Canadian Imperial Bank of Commerce will post 7.43 earnings per share for the current fiscal year.

Canadian Imperial Bank of Commerce Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 28th. Investors of record on Monday, June 29th will be issued a dividend of $1.07 per share. The ex-dividend date of this dividend is Monday, June 29th. This represents a $4.28 dividend on an annualized basis and a yield of 3.8%. Canadian Imperial Bank of Commerce’s payout ratio is currently 43.13%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Scotiabank restated an “outperform” rating on shares of Canadian Imperial Bank of Commerce in a research note on Tuesday. Royal Bank Of Canada increased their price target on shares of Canadian Imperial Bank of Commerce from $147.00 to $167.00 and gave the stock an “outperform” rating in a report on Monday, June 1st. Raymond James Financial restated a “market perform” rating on shares of Canadian Imperial Bank of Commerce in a research report on Tuesday, May 12th. Weiss Ratings lowered Canadian Imperial Bank of Commerce from a “buy (a-)” rating to a “buy (b+)” rating in a report on Thursday, June 4th. Finally, Barclays reiterated an “overweight” rating on shares of Canadian Imperial Bank of Commerce in a research report on Monday, June 1st. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $167.00.

View Our Latest Research Report on Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce Profile

(Free Report)

Canadian Imperial Bank of Commerce (NYSE: CM), commonly known as CIBC, is a major Canadian financial institution headquartered in Toronto. Formed in 1961 through the merger of the Canadian Bank of Commerce and the Imperial Bank of Canada, CIBC is one of Canada’s largest banks and provides a broad range of banking and financial services to retail, small business, commercial and institutional clients.

CIBC’s activities span personal and business banking, wealth management, capital markets and corporate banking.