Speece Thorson Capital Group Inc. lifted its holdings in shares of Commerce Bancshares, Inc. (NASDAQ:CBSH) by 4.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 156,763 shares of the financial services provider’s stock after purchasing an additional 6,440 shares during the quarter. Speece Thorson Capital Group Inc.’s holdings in Commerce Bancshares were worth $8,754,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Cliftonlarsonallen Wealth Advisors LLC increased its stake in shares of Commerce Bancshares by 5.0% during the 4th quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 18,060 shares of the financial services provider’s stock worth $1,008,000 after purchasing an additional 858 shares during the last quarter. Bank of Montreal Can increased its stake in shares of Commerce Bancshares by 2.5% during the 4th quarter. Bank of Montreal Can now owns 35,974 shares of the financial services provider’s stock worth $2,009,000 after purchasing an additional 866 shares during the last quarter. Thomas Story & Son LLC increased its stake in shares of Commerce Bancshares by 5.0% during the 4th quarter. Thomas Story & Son LLC now owns 19,139 shares of the financial services provider’s stock worth $1,069,000 after purchasing an additional 910 shares during the last quarter. Stratos Wealth Partners LTD. increased its stake in shares of Commerce Bancshares by 2.1% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 45,688 shares of the financial services provider’s stock worth $2,639,000 after purchasing an additional 946 shares during the last quarter. Finally, Barber Financial Group Inc. increased its stake in shares of Commerce Bancshares by 7.0% during the 4th quarter. Barber Financial Group Inc. now owns 15,010 shares of the financial services provider’s stock worth $838,000 after purchasing an additional 985 shares during the last quarter. Institutional investors own 59.77% of the company’s stock.

Shares of Commerce Bancshares, Inc. (NASDAQ:CBSH) opened at $57.52 on Wednesday. The stock has a market cap of $6,140.00, a price-to-earnings ratio of 19.90, a P/E/G ratio of 2.14 and a beta of 0.77. Commerce Bancshares, Inc. has a 1-year low of $51.90 and a 1-year high of $60.61.

Commerce Bancshares (NASDAQ:CBSH) last posted its quarterly earnings data on Thursday, January 18th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.03. The business had revenue of $314.22 million during the quarter, compared to the consensus estimate of $312.98 million. Commerce Bancshares had a net margin of 25.27% and a return on equity of 12.22%. equities analysts predict that Commerce Bancshares, Inc. will post 3.36 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, March 26th. Shareholders of record on Friday, March 9th will be issued a $0.235 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This is an increase from Commerce Bancshares’s previous quarterly dividend of $0.23. This represents a $0.94 dividend on an annualized basis and a yield of 1.63%. Commerce Bancshares’s dividend payout ratio is 31.14%.

In other Commerce Bancshares news, VP Daniel D. Callahan sold 2,972 shares of the stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $58.56, for a total value of $174,040.32. Following the completion of the sale, the vice president now directly owns 36,266 shares of the company’s stock, valued at approximately $2,123,736.96. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Charles G. Kim sold 6,909 shares of the stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $58.66, for a total transaction of $405,281.94. Following the completion of the sale, the chief financial officer now directly owns 87,303 shares of the company’s stock, valued at $5,121,193.98. The disclosure for this sale can be found here. Over the last three months, insiders sold 171,298 shares of company stock valued at $9,758,949. Insiders own 4.30% of the company’s stock.

Several research analysts have recently commented on the stock. Zacks Investment Research lowered shares of Commerce Bancshares from a “buy” rating to a “hold” rating in a research note on Tuesday. BidaskClub upgraded shares of Commerce Bancshares from a “sell” rating to a “hold” rating in a research note on Monday, February 5th. Barclays reaffirmed a “hold” rating and set a $63.00 price objective on shares of Commerce Bancshares in a report on Sunday, January 21st. Keefe, Bruyette & Woods reaffirmed a “sell” rating and set a $54.00 price objective on shares of Commerce Bancshares in a report on Friday, January 19th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $58.00 price objective on shares of Commerce Bancshares in a report on Tuesday, January 9th. Four equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $57.13.

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Commerce Bancshares Profile

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, mortgage banking, 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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Institutional Ownership by Quarter for Commerce Bancshares (NASDAQ:CBSH)

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