Commerce Bancshares, Inc. $CBSH Shares Newly Purchased by 55 North Private Wealth LLC

55 North Private Wealth LLC bought a new position in shares of Commerce Bancshares, Inc. (NASDAQ:CBSH – Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 31,996 shares of the financial services provider’s stock, valued at approximately $1,751,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Versant Capital Management Inc grew its stake in Commerce Bancshares by 146.6% in the 3rd quarter. Versant Capital Management Inc now owns 508 shares of the financial services provider’s stock valued at $28,000 after buying an additional 302 shares during the last quarter. Keating Financial Advisory Services Inc. acquired a new position in Commerce Bancshares in the 2nd quarter valued at $29,000. Root Financial Partners LLC increased its position in Commerce Bancshares by 104.9% during the 1st quarter. Root Financial Partners LLC now owns 623 shares of the financial services provider’s stock worth $31,000 after buying an additional 319 shares during the period. Continuum Advisory LLC bought a new position in Commerce Bancshares during the 2nd quarter worth $64,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in Commerce Bancshares during the 2nd quarter worth $93,000. Institutional investors own 70.26% of the company’s stock.

Insider Transactions at Commerce Bancshares

In other news, CEO John Kemper sold 5,830 shares of the business’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $60.58, for a total value of $353,181.40. Following the completion of the transaction, the chief executive officer directly owned 206,528 shares in the company, valued at approximately $12,511,466.24. The trade was a 2.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Douglas Neff sold 666 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $58.15, for a total transaction of $38,727.90. Following the completion of the transaction, the senior vice president owned 11,746 shares of the company’s stock, valued at $683,029.90. The trade was a 5.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 32,950 shares of company stock worth $1,963,777. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CBSH. Weiss Ratings raised shares of Commerce Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday. Keefe, Bruyette & Woods upped their price target on shares of Commerce Bancshares from $60.00 to $62.00 and gave the company a “market perform” rating in a research note on Monday, July 20th. Stephens set a $64.00 price target on shares of Commerce Bancshares and gave the stock an “equal weight” rating in a research report on Friday, July 17th. TD Cowen reiterated a “hold” rating and issued a $63.00 price objective (up from $62.00) on shares of Commerce Bancshares in a research note on Friday, July 17th. Finally, Raymond James Financial raised shares of Commerce Bancshares to a “hold” rating in a report on Thursday, August 27th. Three investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, Commerce Bancshares presently has a consensus rating of “Hold” and an average target price of $64.29.

Read Our Latest Analysis on CBSH

Commerce Bancshares Price Performance

Shares of CBSH traded up $0.33 during trading hours on Tuesday, hitting $55.44. 298,800 shares of the company were exchanged, compared to its average volume of 1,188,421. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.01. Commerce Bancshares, Inc. has a fifty-two week low of $46.99 and a fifty-two week high of $60.92. The company has a market cap of $7.95 billion, a price-to-earnings ratio of 13.42, a P/E/G ratio of 1.70 and a beta of 0.60. The firm’s fifty day moving average is $57.08 and its 200 day moving average is $55.41.

Commerce Bancshares (NASDAQ:CBSH – Get Free Report) last posted its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. Commerce Bancshares had a return on equity of 14.31% and a net margin of 26.07%. The business had revenue of $494.34 million during the quarter, compared to the consensus estimate of $496.75 million. During the same quarter in the previous year, the firm earned $1.06 earnings per share. On average, equities analysts anticipate that Commerce Bancshares, Inc. will post 4.23 earnings per share for the current fiscal year.

Commerce Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Friday, September 4th were issued a $0.2750 dividend. This represents a $1.10 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Friday, September 4th. Commerce Bancshares’s dividend payout ratio (DPR) is currently 26.63%.

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, up from $1.06 a year earlier and narrowly above the $1.07 analyst consensus. Net income increased to $155.0 million from $141.5 million. Commerce Bancshares Third Quarter Earnings Release
  • Positive Sentiment: Profitability remained solid, with a 26.07% net margin and 14.31% return on equity. Non-interest income rose $24.0 million year over year, while non-interest expense declined $11.1 million from the prior quarter, supporting operating efficiency. Commerce Bancshares Q3 Results
  • Positive Sentiment: Average loans increased by $172.3 million sequentially to $20.7 billion, indicating continued lending growth. The company also repurchased approximately 1.9 million shares at an average price of $58.84, which may support per-share results and signal confidence in valuation. Commerce Bancshares Loan Growth and Share Repurchases
  • Neutral Sentiment: Revenue totaled $494.3 million, slightly below the $496.8 million consensus and down from $499.0 million in the second quarter. Analysts may view the small miss as manageable given the earnings beat and expense control. Commerce Bancshares Earnings Results
  • Negative Sentiment: Net interest income fell $6.2 million from the prior quarter, and quarterly EPS declined from $1.10 in the second quarter. These trends suggest continued pressure on the bank’s core interest-rate-sensitive business. Commerce Bancshares Net Interest Income Report
  • Negative Sentiment: Recent reported insider activity consisted of eight sales and no purchases over six months, a potentially cautious signal, although such transactions may reflect routine diversification rather than a fundamental outlook change. Commerce Bancshares Insider Activity

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.

See Also

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Institutional Ownership by Quarter for Commerce Bancshares (NASDAQ:CBSH)

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