Duncker Streett & Co. Inc. Has $370,000 Stock Holdings in Commerce Bancshares, Inc. (NASDAQ:CBSH)

Duncker Streett & Co. Inc. raised its holdings in shares of Commerce Bancshares, Inc. (NASDAQ:CBSH) by 5.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 6,936 shares of the financial services provider’s stock after acquiring an additional 342 shares during the period. Duncker Streett & Co. Inc.’s holdings in Commerce Bancshares were worth $370,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in CBSH. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Commerce Bancshares by 13.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,835 shares of the financial services provider’s stock worth $1,433,000 after acquiring an additional 3,107 shares during the last quarter. Capital Advisors Inc. OK boosted its position in shares of Commerce Bancshares by 5.0% during the fourth quarter. Capital Advisors Inc. OK now owns 4,431 shares of the financial services provider’s stock worth $237,000 after purchasing an additional 210 shares in the last quarter. Outlook Wealth Advisors LLC acquired a new position in shares of Commerce Bancshares in the 4th quarter valued at $212,000. Louisiana State Employees Retirement System bought a new stake in shares of Commerce Bancshares in the 4th quarter valued at $1,784,000. Finally, Vaughan David Investments LLC IL raised its stake in Commerce Bancshares by 5.2% during the 4th quarter. Vaughan David Investments LLC IL now owns 19,769 shares of the financial services provider’s stock worth $1,056,000 after buying an additional 981 shares during the period. Institutional investors and hedge funds own 70.26% of the company’s stock.

Commerce Bancshares Stock Performance

Commerce Bancshares stock traded up $1.21 during midday trading on Wednesday, reaching $53.22. The stock had a trading volume of 192,565 shares, compared to its average volume of 480,426. The stock has a market capitalization of $6.91 billion, a P/E ratio of 14.33 and a beta of 0.79. The firm’s fifty day simple moving average is $51.92 and its 200-day simple moving average is $50.90. Commerce Bancshares, Inc. has a 1-year low of $40.91 and a 1-year high of $56.75.

Commerce Bancshares (NASDAQ:CBSH) last issued its quarterly earnings results on Tuesday, April 16th. The financial services provider reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.06. The company had revenue of $397.80 million during the quarter, compared to analysts’ expectations of $389.49 million. Commerce Bancshares had a net margin of 24.41% and a return on equity of 17.46%. The business’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period last year, the business earned $0.90 EPS. On average, sell-side analysts anticipate that Commerce Bancshares, Inc. will post 3.24 earnings per share for the current fiscal year.

Commerce Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Thursday, March 7th were paid a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $1.08 annualized dividend and a yield of 2.03%. Commerce Bancshares’s payout ratio is currently 29.75%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Morgan Stanley increased their price target on Commerce Bancshares from $46.00 to $55.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. Keefe, Bruyette & Woods increased their target price on Commerce Bancshares from $54.00 to $56.00 and gave the stock a “market perform” rating in a research note on Friday, January 19th. Finally, Bank of America started coverage on shares of Commerce Bancshares in a research note on Thursday, January 11th. They issued a “neutral” rating and a $55.00 price target on the stock. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $53.17.

Insiders Place Their Bets

In related news, Director Benjamin F. Rassieur III sold 1,785 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $53.83, for a total transaction of $96,086.55. Following the completion of the transaction, the director now directly owns 33,567 shares of the company’s stock, valued at $1,806,911.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Douglas D. Neff sold 614 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $50.25, for a total transaction of $30,853.50. Following the transaction, the senior vice president now directly owns 8,038 shares in the company, valued at approximately $403,909.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Benjamin F. Rassieur III sold 1,785 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $53.83, for a total transaction of $96,086.55. Following the completion of the sale, the director now owns 33,567 shares of the company’s stock, valued at $1,806,911.61. The disclosure for this sale can be found here. Insiders have sold 14,321 shares of company stock valued at $752,387 in the last three months. 3.10% of the stock is currently owned by corporate insiders.

Commerce Bancshares Profile

Commerce Bancshares, Inc operates as the bank holding company for Commerce Bank that provides retail, mortgage banking, corporate, investment, trust, and asset management products and services to individuals and businesses in the United States. It operates through three segments: Consumer, Commercial, and Wealth.