Commerce Bancshares, Inc. $CBSH Stock: Cooke & Bieler LP Cuts Stake

Posted by Brian Himes on Oct 22nd, 2026

Cooke & Bieler LP lowered its stake in Commerce Bancshares, Inc. (NASDAQ:CBSH – Free Report) by 5.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 558,940 shares of the financial services provider’s stock after selling 32,281 shares during the quarter. Cooke & Bieler LP’s holdings in Commerce Bancshares were worth $30,596,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Commerce Bancshares in the second quarter worth about $755,669,000. Commerce Bank bought a new position in shares of Commerce Bancshares in the second quarter valued at approximately $316,010,000. Dimensional Fund Advisors LP boosted its position in shares of Commerce Bancshares by 29.3% in the first quarter. Dimensional Fund Advisors LP now owns 3,943,247 shares of the financial services provider’s stock valued at $193,999,000 after acquiring an additional 894,183 shares during the period. First Trust Advisors LP grew its stake in Commerce Bancshares by 11.0% during the first quarter. First Trust Advisors LP now owns 2,610,223 shares of the financial services provider’s stock valued at $128,423,000 after acquiring an additional 257,817 shares in the last quarter. Finally, Bank of America Corp DE purchased a new position in Commerce Bancshares during the second quarter valued at approximately $83,328,000. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Charles G. Kim sold 19,771 shares of the stock in a transaction on Monday, July 27th. The shares were sold at an average price of $59.18, for a total value of $1,170,047.78. Following the transaction, the chief financial officer owned 119,410 shares of the company’s stock, valued at $7,066,683.80. This represents a 14.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO John W. Kemper sold 5,830 shares of the firm’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $60.58, for a total transaction of $353,181.40. Following the sale, the chief executive officer owned 206,528 shares in the company, valued at approximately $12,511,466.24. This trade represents a 2.75% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 32,950 shares of company stock worth $1,963,777. 1.80% of the stock is owned by corporate insiders.

More Commerce Bancshares News

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

Positive Sentiment: Third-quarter earnings were $1.08 per share, ahead of the $1.07 consensus estimate and up from $1.06 a year earlier. Net income rose to $155.0 million from $141.5 million, supported by the company’s diversified banking, investment-banking and wealth-services operations. Commerce Bancshares Third Quarter Earnings Release
Positive Sentiment: Non-interest income increased $24.0 million year over year to $185.5 million, while non-interest expense declined $11.1 million from the prior quarter to $285.9 million. Average loans also grew by $172.3 million sequentially to $20.7 billion, indicating continued underlying loan demand. Commerce Bancshares Third Quarter Metrics
Positive Sentiment: Commerce Bancshares repurchased approximately 1.9 million shares at an average price of $58.84, which should support per-share results and signals management’s willingness to return capital to shareholders. Commerce Bancshares Share Repurchases
Neutral Sentiment: Management highlighted acquisitions that are expanding Commerce’s investment-banking and wealth-services capabilities, potentially improving revenue diversification over time. Commerce Bancshares Acquisitions and Third Quarter Results
Negative Sentiment: Quarterly revenue of $494.3 million fell short of the $496.8 million analyst estimate and declined from $499.0 million in the second quarter. Net-interest income also decreased $6.2 million sequentially, while quarterly EPS fell from $1.10 in the prior quarter.
Negative Sentiment: Recent insider activity was entirely weighted toward selling, with eight reported sales and no purchases over the past six months. Although insider transactions may reflect personal financial decisions, the pattern can weigh on investor sentiment. Commerce Bancshares Insider Trading Activity

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Morgan Stanley upped their target price on shares of Commerce Bancshares from $76.00 to $77.00 and gave the stock an “overweight” rating in a report on Monday, September 28th. Piper Sandler set a $60.50 price target on shares of Commerce Bancshares and gave the company a “neutral” rating in a report on Wednesday. Wells Fargo & Company set a $61.00 price target on shares of Commerce Bancshares and gave the company an “equal weight” rating in a report on Tuesday, September 29th. Stephens set a $62.00 price target on shares of Commerce Bancshares and gave the company an “equal weight” rating in a research report on Wednesday. Finally, Raymond James Financial upgraded shares of Commerce Bancshares to a “hold” rating in a research report on Thursday, August 27th. Three equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $63.64.

Read Our Latest Analysis on CBSH

Commerce Bancshares Trading Down 0.8%

Shares of CBSH opened at $55.14 on Thursday. Commerce Bancshares, Inc. has a 12-month low of $46.99 and a 12-month high of $60.92. The company has a market cap of $7.91 billion, a PE ratio of 13.29, a price-to-earnings-growth ratio of 1.69 and a beta of 0.60. The stock has a 50-day moving average price of $56.92 and a 200-day moving average price of $55.50.

Commerce Bancshares (NASDAQ:CBSH – Get Free Report) last posted its quarterly earnings data on Tuesday, October 20th. The financial services provider reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.01. The company had revenue of $494.34 million for the quarter, compared to analysts’ expectations of $496.75 million. Commerce Bancshares had a net margin of 26.06% and a return on equity of 14.27%. During the same period in the prior year, the business earned $1.06 earnings per share. As a group, analysts predict that Commerce Bancshares, Inc. will post 4.23 earnings per share for the current year.

Commerce Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Friday, September 4th were given a dividend of $0.2750 per share. The ex-dividend date was Friday, September 4th. This represents a $1.10 annualized dividend and a yield of 2.0%. Commerce Bancshares’s payout ratio is presently 26.63%.

About Commerce Bancshares

(Free Report)

Commerce Bancshares, Inc is a financial holding company headquartered in Kansas City, Missouri. Founded in 1865, the company operates Commerce Bank, which provides banking and related financial services to individuals, businesses, institutions and government entities.

Commerce Bank offers deposit accounts, consumer and commercial lending, mortgages, treasury and payment services, credit cards, investment management, trust services and institutional banking solutions. Its businesses also include capital markets and brokerage services, supporting corporate, municipal and institutional clients.

The bank serves customers primarily through a regional network spanning Missouri, Kansas, Illinois, Oklahoma and Colorado, along with digital banking channels.