Capstone Investment Advisors LLC Invests $1.01 Million in Commerce Bancshares, Inc. $CBSH

Capstone Investment Advisors LLC purchased a new stake in Commerce Bancshares, Inc. (NASDAQ:CBSH) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 17,425 shares of the financial services provider’s stock, valued at approximately $1,006,000.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. purchased a new position in Commerce Bancshares in the 2nd quarter valued at approximately $755,669,000. Commerce Bank purchased a new stake in shares of Commerce Bancshares during the second quarter worth $316,010,000. Norges Bank bought a new position in shares of Commerce Bancshares in the fourth quarter worth $85,282,000. Bank of America Corp DE bought a new position in shares of Commerce Bancshares in the second quarter worth $83,328,000. Finally, Champlain Investment Partners LLC purchased a new position in shares of Commerce Bancshares in the fourth quarter valued at $58,830,000. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CBSH has been the topic of a number of recent research reports. Weiss Ratings raised Commerce Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, July 21st. Keefe, Bruyette & Woods increased their price target on shares of Commerce Bancshares from $60.00 to $62.00 and gave the stock a “market perform” rating in a report on Monday, July 20th. Wall Street Zen upgraded shares of Commerce Bancshares from a “sell” rating to a “hold” rating in a research report on Tuesday, July 28th. Wells Fargo & Company set a $63.00 price objective on shares of Commerce Bancshares and gave the company an “equal weight” rating in a research note on Monday, August 10th. Finally, Stephens set a $64.00 price target on shares of Commerce Bancshares and gave the stock an “equal weight” rating in a report on Friday, July 17th. Three investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $63.29.

Commerce Bancshares Price Performance

Shares of Commerce Bancshares stock opened at $58.05 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $8.33 billion, a PE ratio of 14.06, a price-to-earnings-growth ratio of 2.08 and a beta of 0.59. The business’s 50-day moving average price is $58.57 and its 200-day moving average price is $53.95. Commerce Bancshares, Inc. has a 12 month low of $46.99 and a 12 month high of $60.92.

Commerce Bancshares (NASDAQ:CBSH) last announced its quarterly earnings data on Thursday, July 16th. The financial services provider reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.06. The company had revenue of $498.91 million for the quarter, compared to analysts’ expectations of $492.22 million. Commerce Bancshares had a return on equity of 14.31% and a net margin of 26.07%.During the same period last year, the firm posted $1.14 EPS. Sell-side analysts forecast that Commerce Bancshares, Inc. will post 4.25 EPS for the current fiscal year.

Commerce Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Friday, September 4th will be paid a dividend of $0.275 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.10 annualized dividend and a dividend yield of 1.9%. Commerce Bancshares’s dividend payout ratio (DPR) is 26.63%.

Insider Transactions at Commerce Bancshares

In related news, EVP Robert S. Holmes sold 5,000 shares of Commerce Bancshares stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $60.20, for a total value of $301,000.00. Following the transaction, the executive vice president owned 55,962 shares in the company, valued at $3,368,912.40. This trade represents a 8.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Derrick Brooks sold 1,041 shares of the business’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $59.63, for a total transaction of $62,074.83. Following the completion of the sale, the senior vice president directly owned 13,117 shares of the company’s stock, valued at $782,166.71. This represents a 7.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 32,484 shares of company stock worth $1,936,055. Corporate insiders own 1.80% of the company’s stock.

Commerce Bancshares 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.