Commerce Bancshares (NASDAQ:CBSH) SVP David Roller Sells 1,134 Shares of Stock

Commerce Bancshares, Inc. (NASDAQ:CBSH) SVP David Roller sold 1,134 shares of Commerce Bancshares stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $54.48, for a total transaction of $61,780.32. Following the completion of the transaction, the senior vice president owned 30,535 shares of the company’s stock, valued at $1,663,546.80. This trade represents a 3.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Commerce Bancshares Trading Up 1.6%

Shares of NASDAQ CBSH traded up $0.86 during mid-day trading on Friday, reaching $55.25. The company had a trading volume of 19,292 shares, compared to its average volume of 1,246,571. The firm has a 50 day simple moving average of $53.15 and a two-hundred day simple moving average of $54.61. The stock has a market cap of $7.32 billion, a P/E ratio of 13.15, a PEG ratio of 2.71 and a beta of 0.62. Commerce Bancshares, Inc. has a 52-week low of $48.69 and a 52-week high of $65.36.

Commerce Bancshares (NASDAQ:CBSH) last posted its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.02. Commerce Bancshares had a net margin of 26.51% and a return on equity of 15.51%. The company had revenue of $449.36 million for the quarter, compared to analyst estimates of $442.47 million. During the same period in the previous year, the business posted $1.01 earnings per share. Commerce Bancshares’s quarterly revenue was up 6.5% on a year-over-year basis. On average, equities analysts expect that Commerce Bancshares, Inc. will post 3.94 EPS for the current year.

Institutional Investors Weigh In On Commerce Bancshares

Large investors have recently bought and sold shares of the business. Danske Bank A S bought a new stake in shares of Commerce Bancshares in the 3rd quarter valued at about $25,000. Geneos Wealth Management Inc. raised its holdings in shares of Commerce Bancshares by 85.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 469 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 216 shares during the period. Daytona Street Capital LLC acquired a new stake in Commerce Bancshares during the fourth quarter worth approximately $25,000. Quent Capital LLC acquired a new stake in Commerce Bancshares during the 3rd quarter worth approximately $31,000. Finally, CoreFirst Bank & Trust bought a new stake in shares of Commerce Bancshares in the second quarter valued at about $33,000. 70.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CBSH has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Commerce Bancshares in a research note on Monday, December 29th. Piper Sandler set a $62.00 target price on shares of Commerce Bancshares and gave the stock a “neutral” rating in a research report on Monday, January 26th. Wall Street Zen cut shares of Commerce Bancshares from a “hold” rating to a “sell” rating in a report on Saturday, October 18th. Keefe, Bruyette & Woods lowered their price objective on Commerce Bancshares from $61.90 to $57.14 and set a “market perform” rating for the company in a research note on Friday, October 17th. Finally, Wells Fargo & Company cut their price objective on shares of Commerce Bancshares from $61.90 to $57.14 and set an “equal weight” rating on the stock in a research report on Tuesday, October 21st. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $61.75.

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.