Commerce Bancshares Inc. (NASDAQ:CBSH) – FIG Partners issued their FY2018 earnings estimates for Commerce Bancshares in a research report issued to clients and investors on Monday. FIG Partners analyst J. Rodis expects that the brokerage will post earnings of $3.12 per share for the year.

Commerce Bancshares (NASDAQ:CBSH) last posted its quarterly earnings results on Friday, October 14th. The financial services provider reported $0.68 EPS for the quarter, missing the Zacks’ consensus estimate of $0.70 by $0.02. The company earned $290.60 million during the quarter. Commerce Bancshares had a return on equity of 11.52% and a net margin of 23.01%. The company’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.63 EPS. ILLEGAL ACTIVITY NOTICE: This news story was originally published by Daily Political and is the sole property of of Daily Political. If you are viewing this news story on another domain, it was stolen and reposted in violation of United States & international copyright and trademark law. The original version of this news story can be viewed at http://www.dailypolitical.com/2016/11/30/commerce-bancshares-inc-cbsh-expected-to-post-fy2018-earnings-of-3-12-per-share.html.

Earnings History and Estimates for Commerce Bancshares (NASDAQ:CBSH)

Several other equities research analysts have also recently issued reports on the stock. Zacks Investment Research raised shares of Commerce Bancshares from a “sell” rating to a “hold” rating in a research note on Thursday, October 13th. Barclays PLC lifted their target price on shares of Commerce Bancshares from $45.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 11th. Morgan Stanley cut shares of Commerce Bancshares from an “equal weight” rating to an “underweight” rating and set a $45.00 target price on the stock. in a research note on Tuesday, September 20th. Finally, Jefferies Group reaffirmed a “hold” rating on shares of Commerce Bancshares in a research note on Thursday, August 18th. One analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $45.75.

Commerce Bancshares (NASDAQ:CBSH) traded up 0.66% on Tuesday, hitting $54.91. 164,949 shares of the stock were exchanged. Commerce Bancshares has a 52-week low of $37.44 and a 52-week high of $58.21. The firm has a market cap of $5.30 billion, a PE ratio of 20.66 and a beta of 0.66. The stock’s 50 day moving average price is $52.15 and its 200 day moving average price is $49.33.

A number of hedge funds have recently modified their holdings of the stock. Walleye Trading LLC bought a new stake in shares of Commerce Bancshares during the second quarter valued at about $101,000. Pacad Investment Ltd. bought a new stake in shares of Commerce Bancshares during the second quarter valued at about $120,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Commerce Bancshares by 28.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,547 shares of the financial services provider’s stock valued at $122,000 after buying an additional 566 shares during the period. Mosaic Family Wealth LLC raised its stake in shares of Commerce Bancshares by 11.2% in the third quarter. Mosaic Family Wealth LLC now owns 2,889 shares of the financial services provider’s stock valued at $142,000 after buying an additional 291 shares during the period. Finally, WFG Advisors LP raised its stake in shares of Commerce Bancshares by 0.5% in the second quarter. WFG Advisors LP now owns 3,725 shares of the financial services provider’s stock valued at $178,000 after buying an additional 20 shares during the period. Hedge funds and other institutional investors own 61.41% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This news story was originally published by Daily Political and is the sole property of of Daily Political. If you are viewing this news story on another domain, it was stolen and reposted in violation of United States & international copyright and trademark law. The original version of this news story can be viewed at http://www.dailypolitical.com/2016/11/30/commerce-bancshares-inc-cbsh-expected-to-post-fy2018-earnings-of-3-12-per-share.html.

In related news, insider Sara E. Foster sold 4,783 shares of the business’s stock in a transaction dated Friday, November 25th. The shares were sold at an average price of $57.98, for a total value of $277,318.34. Following the sale, the insider now directly owns 59,728 shares in the company, valued at approximately $3,463,029.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Vice Chairman Jonathan M. Kemper sold 50,000 shares of the business’s stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $50.07, for a total transaction of $2,503,500.00. Following the completion of the sale, the insider now owns 1,192,407 shares in the company, valued at $59,703,818.49. The disclosure for this sale can be found here. 4.60% of the stock is currently owned by corporate insiders.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 19th. Investors of record on Friday, December 2nd will be issued a $0.225 dividend. The ex-dividend date is Wednesday, November 30th. This represents a $0.90 annualized dividend and a yield of 1.57%. Commerce Bancshares’s dividend payout ratio (DPR) is currently 33.83%.

About Commerce Bancshares

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.

5 Day Chart for NASDAQ:CBSH

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