Commerce Bancshares, Inc. (NASDAQ:CBSH – Get Free Report) EVP Robert Holmes sold 5,000 shares of the firm’s stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $60.20, for a total value of $301,000.00. Following the completion of the transaction, the executive vice president owned 55,962 shares of the company’s stock, valued at $3,368,912.40. This trade represents a 8.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Commerce Bancshares Stock Performance
Commerce Bancshares stock traded down $0.12 during trading hours on Friday, hitting $59.32. 565,872 shares of the stock traded hands, compared to its average volume of 1,285,214. The firm’s 50 day moving average price is $56.23 and its 200-day moving average price is $53.18. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market capitalization of $8.65 billion, a price-to-earnings ratio of 14.37, a P/E/G ratio of 2.16 and a beta of 0.58. Commerce Bancshares, Inc. has a 1 year low of $46.99 and a 1 year high of $60.92.
Commerce Bancshares (NASDAQ:CBSH – Get Free Report) last posted its quarterly earnings results on Thursday, July 16th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.06. Commerce Bancshares had a net margin of 26.07% and a return on equity of 14.31%. The company had revenue of $498.91 million during the quarter, compared to analyst estimates of $492.22 million. During the same period last year, the firm posted $1.14 EPS. As a group, equities analysts expect that Commerce Bancshares, Inc. will post 4.22 EPS for the current fiscal year.
Analyst Ratings Changes
Check Out Our Latest Analysis on Commerce Bancshares
Hedge Funds Weigh In On Commerce Bancshares
Large investors have recently bought and sold shares of the business. Fulton Bank N.A. grew its holdings in Commerce Bancshares by 21.8% in the second quarter. Fulton Bank N.A. now owns 11,757 shares of the financial services provider’s stock valued at $679,000 after purchasing an additional 2,105 shares during the period. Trust Point Inc. lifted its position in shares of Commerce Bancshares by 10.6% during the 2nd quarter. Trust Point Inc. now owns 4,919 shares of the financial services provider’s stock valued at $284,000 after buying an additional 471 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Commerce Bancshares by 39.7% during the 2nd quarter. GAMMA Investing LLC now owns 1,900 shares of the financial services provider’s stock valued at $110,000 after buying an additional 540 shares in the last quarter. Stonebridge Financial Group LLC grew its stake in Commerce Bancshares by 4.4% in the 2nd quarter. Stonebridge Financial Group LLC now owns 81,288 shares of the financial services provider’s stock valued at $4,694,000 after acquiring an additional 3,433 shares during the period. Finally, Pacer Advisors Inc. grew its stake in Commerce Bancshares by 5.2% in the 1st quarter. Pacer Advisors Inc. now owns 16,273 shares of the financial services provider’s stock valued at $801,000 after acquiring an additional 805 shares during the period. Institutional investors and hedge funds own 70.26% of the company’s stock.
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.
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