Commerce Bancshares Inc. (NASDAQ:CBSH) saw an uptick in trading volume on Friday . 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 brokerages recently weighed in on CBSH. Jefferies Group reaffirmed a “hold” rating on shares of Commerce Bancshares in a research note on Saturday, May 14th. Bank of America Corp. reaffirmed a “hold” rating and issued a $50.00 target price on shares of Commerce Bancshares in a research note on Friday, May 13th. Morgan Stanley reaffirmed a “hold” rating on shares of Commerce Bancshares in a research note on Tuesday, May 24th. Zacks Investment Research raised shares of Commerce Bancshares from a “sell” rating to a “hold” rating in a research note on Friday. Finally, Piper Jaffray Cos. began coverage on shares of Commerce Bancshares in a research note on Monday, July 11th. They issued a “neutral” rating and a $43.50 target price on the stock. Six analysts have rated the stock with a hold rating, Commerce Bancshares presently has an average rating of “Hold” and an average target price of $45.08.

The company has a 50-day moving average of $47.69 and a 200-day moving average of $44.81. The firm has a market cap of $4.67 billion and a PE ratio of 18.59.

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

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

In other Commerce Bancshares news, SVP Robert Rauscher sold 2,322 shares of the company’s stock in a transaction that occurred on Thursday, May 12th. The stock was sold at an average price of $47.48, for a total value of $110,248.56. Following the completion of the transaction, the senior vice president now directly owns 47,615 shares in the company, valued at approximately $2,260,760.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Patricia R. Kellerhals sold 685 shares of the company’s stock in a transaction that occurred on Monday, April 25th. The stock was sold at an average price of $46.71, for a total value of $31,996.35. Following the completion of the transaction, the senior vice president now owns 5,630 shares of the company’s stock, valued at $262,977.30. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have bought and sold shares of CBSH. Apriem Advisors increased its position in Commerce Bancshares by 5.0% in the fourth quarter. Apriem Advisors now owns 26,250 shares of the financial services provider’s stock valued at $1,117,000 after buying an additional 1,250 shares during the last quarter. Vaughan David Investments Inc. IL increased 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 in the last quarter. Vanguard Group Inc. increased 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 in the last quarter. Brown Advisory Inc. increased its position in Commerce Bancshares by 5.8% in the fourth quarter. Brown Advisory Inc. now owns 49,490 shares of the financial services provider’s stock worth $2,106,000 after buying an additional 2,735 shares in the last quarter. Finally, State of Wisconsin Investment Board increased its position in Commerce Bancshares by 2.3% in the fourth quarter. State of Wisconsin Investment Board now owns 62,857 shares of the financial services provider’s stock worth $2,674,000 after buying an additional 1,435 shares in the last quarter.

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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