Commerce Bancshares Inc. (NASDAQ:CBSH) shares saw unusually-strong trading volume on Friday . Approximately 939,926 shares traded hands during mid-day trading, an increase of 70% from the previous session’s volume of 551,923 shares.The stock last traded at $48.34 and had previously closed at $48.98.

A number of analysts have recently weighed in on CBSH shares. Morgan Stanley restated a “hold” rating on shares of Commerce Bancshares in a research note on Tuesday, May 24th. Jefferies Group restated a “hold” rating on shares of Commerce Bancshares in a research note on Saturday, May 14th. Bank of America Corp. restated a “hold” rating and issued a $50.00 target price on shares of Commerce Bancshares in a research note on Friday, May 13th. Zacks Investment Research upgraded Commerce Bancshares from a “sell” rating to a “hold” rating in a research note on Monday, June 20th. Finally, Piper Jaffray Cos. started coverage on Commerce Bancshares in a research note on Monday. They issued a “neutral” rating and a $43.50 target price for the company. One analyst has rated the stock with a sell rating and nine have assigned a hold rating to the stock. The stock has an average rating of “Hold” and an average target price of $45.31.

The company has a market cap of $4.67 billion and a PE ratio of 18.39. The stock has a 50-day moving average price of $47.69 and a 200 day moving average price of $44.81.

Commerce Bancshares (NASDAQ:CBSH) last released its earnings results on Wednesday, July 13th. The financial services provider reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. During the same quarter in the previous year, the company posted $0.71 earnings per share. The company had revenue of $288.40 million for the quarter, compared to the consensus estimate of $295.65 million. The business’s revenue was up 3.9% compared to the same quarter last year. On average, equities analysts expect that Commerce Bancshares Inc. will post $2.77 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, June 27th. Stockholders of record on Friday, June 10th were given a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, June 8th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.86%.

In other news, Vice Chairman Jonathan M. Kemper sold 40,000 shares of the business’s stock in a transaction on Tuesday, May 31st. The stock was sold at an average price of $48.99, for a total transaction of $1,959,600.00. Following the completion of the transaction, the insider now owns 1,292,407 shares of the company’s stock, valued at approximately $63,315,018.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Robert Rauscher sold 14,700 shares of the business’s stock in a transaction on Thursday, May 26th. The stock was sold at an average price of $48.59, for a total value of $714,273.00. Following the transaction, the senior vice president now directly owns 22,061 shares of the company’s stock, valued at approximately $1,071,943.99. The disclosure for this sale can be found here.

Several institutional investors have bought and sold shares of the company. Vanguard Group Inc. boosted its position in Commerce Bancshares by 7.2% in the fourth quarter. Vanguard Group Inc. now owns 6,278,044 shares of the financial services provider’s stock worth $267,068,000 after buying an additional 419,044 shares during the period. Nuance Investments LLC boosted its position in Commerce Bancshares by 32.1% in the fourth quarter. Nuance Investments LLC now owns 667,906 shares of the financial services provider’s stock worth $28,413,000 after buying an additional 162,207 shares during the period. Wells Fargo & Company MN boosted its position in Commerce Bancshares by 29.4% in the fourth quarter. Wells Fargo & Company MN now owns 567,231 shares of the financial services provider’s stock worth $24,130,000 after buying an additional 128,978 shares during the period. Schroder Investment Management Group boosted its position in Commerce Bancshares by 2.2% in the fourth quarter. Schroder Investment Management Group now owns 493,853 shares of the financial services provider’s stock worth $21,009,000 after buying an additional 10,514 shares during the period. Finally, Vaughan David Investments Inc. IL boosted its position in Commerce Bancshares by 5.0% in the fourth quarter. Vaughan David Investments Inc. IL now owns 417,028 shares of the financial services provider’s stock worth $17,740,000 after buying an additional 19,757 shares during the period.

Commerce Bancshares, Inc is a bank holding company of Commerce Bank (the Bank). The Bank is engaged in general banking business, providing a range of retail, corporate, investment, trust and asset management products and services to individuals and businesses. The Company operates through three segments: Consumer, Commercial and Wealth.

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