News articles about Commerce Bancshares (NASDAQ:CBSH) have trended positive on Friday, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Commerce Bancshares earned a news impact score of 0.26 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 47.1799126663862 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Several brokerages have recently issued reports on CBSH. BidaskClub upgraded Commerce Bancshares from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 9th. Bank of America lowered Commerce Bancshares from a “neutral” rating to an “underperform” rating and set a $64.00 price target for the company. in a report on Tuesday. They noted that the move was a valuation call. Morgan Stanley lifted their price target on Commerce Bancshares from $57.00 to $59.00 and gave the company an “underweight” rating in a report on Tuesday, April 17th. ValuEngine upgraded Commerce Bancshares from a “hold” rating to a “buy” rating in a report on Thursday, April 12th. Finally, DA Davidson lifted their price target on Commerce Bancshares to $67.00 and gave the company a “neutral” rating in a report on Friday, April 13th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. Commerce Bancshares presently has an average rating of “Hold” and a consensus target price of $60.70.
CBSH opened at $65.19 on Friday. Commerce Bancshares has a twelve month low of $63.99 and a twelve month high of $65.11. The company has a market capitalization of $6.94 billion, a P/E ratio of 23.53, a P/E/G ratio of 2.27 and a beta of 0.69.
Commerce Bancshares (NASDAQ:CBSH) last posted its earnings results on Thursday, April 12th. The financial services provider reported $0.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.12. Commerce Bancshares had a return on equity of 13.21% and a net margin of 27.16%. The firm had revenue of $312.58 million during the quarter, compared to analyst estimates of $310.64 million. During the same period in the previous year, the company earned $0.68 EPS. analysts predict that Commerce Bancshares will post 3.61 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, June 25th. Investors of record on Friday, June 8th will be issued a $0.235 dividend. The ex-dividend date is Thursday, June 7th. This represents a $0.94 annualized dividend and a yield of 1.44%. Commerce Bancshares’s dividend payout ratio (DPR) is currently 33.94%.
In related news, CEO David W. Kemper sold 8,414 shares of the business’s stock in a transaction that occurred on Wednesday, April 18th. The stock was sold at an average price of $63.07, for a total value of $530,670.98. Following the completion of the sale, the chief executive officer now directly owns 1,266,502 shares in the company, valued at approximately $79,878,281.14. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Charles G. Kim sold 2,135 shares of the business’s stock in a transaction that occurred on Wednesday, April 18th. The stock was sold at an average price of $62.96, for a total value of $134,419.60. Following the completion of the sale, the chief financial officer now owns 69,740 shares of the company’s stock, valued at $4,390,830.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 51,536 shares of company stock valued at $3,175,008. Corporate insiders own 4.00% of the company’s stock.
Commerce Bancshares Company Profile
Commerce Bancshares, Inc operates as the holding company for Commerce Bank that provides retail, mortgage banking, corporate, investment, trust, and asset management products and services to individuals and businesses. It operates through three segments: Consumer, Commercial, and Wealth. The Consumer segment offers various banking products and services, including consumer deposits; consumer loans, such as automobile, motorcycle, marine, tractor/trailer, recreational vehicle, fixed rate and revolving home equity, and other consumer loans; patient health care financing; real estate loans; indirect and other consumer financing; personal mortgage banking; consumer installment lending; and consumer debit and credit bank cards, as well as provides online, mobile, and telephone banking services.
Receive News & Ratings for Commerce Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Commerce Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.