Commerce Bancshares, Inc. (NASDAQ:CBSH) – Analysts at Jefferies Financial Group issued their Q1 2019 earnings per share estimates for shares of Commerce Bancshares in a research note issued to investors on Tuesday, October 9th. Jefferies Financial Group analyst C. Haire anticipates that the financial services provider will post earnings of $0.97 per share for the quarter. Jefferies Financial Group also issued estimates for Commerce Bancshares’ Q2 2019 earnings at $1.03 EPS, Q3 2019 earnings at $1.05 EPS and Q4 2019 earnings at $1.10 EPS.

Commerce Bancshares (NASDAQ:CBSH) last posted its earnings results on Thursday, October 11th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.07. The company had revenue of $331.47 million during the quarter, compared to the consensus estimate of $330.91 million. Commerce Bancshares had a net margin of 28.84% and a return on equity of 14.24%.

CBSH has been the subject of a number of other reports. Bank of America set a $68.00 target price on shares of Commerce Bancshares and gave the company a “sell” rating in a research report on Friday, July 13th. ValuEngine downgraded shares of Commerce Bancshares from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd. BidaskClub downgraded shares of Commerce Bancshares from a “buy” rating to a “hold” rating in a research report on Tuesday, August 28th. Zacks Investment Research downgraded shares of Commerce Bancshares from a “buy” rating to a “hold” rating in a research report on Monday, September 24th. Finally, Raymond James downgraded shares of Commerce Bancshares from a “market perform” rating to an “underperform” rating in a research report on Tuesday, July 10th. Four equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $65.22.

NASDAQ CBSH opened at $61.64 on Thursday. The firm has a market cap of $7.04 billion, a P/E ratio of 22.70, a price-to-earnings-growth ratio of 1.96 and a beta of 0.67. Commerce Bancshares has a 1 year low of $54.24 and a 1 year high of $72.55.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 24th. Shareholders of record on Friday, September 7th were issued a $0.235 dividend. The ex-dividend date of this dividend was Thursday, September 6th. This represents a $0.94 dividend on an annualized basis and a yield of 1.52%. Commerce Bancshares’s payout ratio is 33.94%.

In other Commerce Bancshares news, insider Daniel D. Callahan sold 8,000 shares of Commerce Bancshares stock in a transaction on Tuesday, July 17th. The shares were sold at an average price of $67.43, for a total value of $539,440.00. Following the completion of the transaction, the insider now owns 27,257 shares of the company’s stock, valued at $1,837,939.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Jonathan M. Kemper sold 3,000 shares of Commerce Bancshares stock in a transaction on Friday, July 20th. The shares were sold at an average price of $68.59, for a total transaction of $205,770.00. Following the completion of the transaction, the insider now directly owns 947,348 shares of the company’s stock, valued at approximately $64,978,599.32. The disclosure for this sale can be found here. Insiders sold 69,931 shares of company stock valued at $4,920,470 in the last ninety days. 4.00% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CBSH. Citadel Advisors LLC increased its holdings in Commerce Bancshares by 3,463.9% in the second quarter. Citadel Advisors LLC now owns 996,514 shares of the financial services provider’s stock valued at $64,484,000 after buying an additional 968,553 shares in the last quarter. Cornerstone Wealth Management LLC increased its holdings in Commerce Bancshares by 6,424.8% in the second quarter. Cornerstone Wealth Management LLC now owns 649,283 shares of the financial services provider’s stock valued at $9,951,000 after buying an additional 639,332 shares in the last quarter. Schroder Investment Management Group increased its holdings in Commerce Bancshares by 34.1% in the second quarter. Schroder Investment Management Group now owns 1,621,188 shares of the financial services provider’s stock valued at $72,468,000 after buying an additional 412,145 shares in the last quarter. Findlay Park Partners LLP increased its holdings in Commerce Bancshares by 15.9% in the second quarter. Findlay Park Partners LLP now owns 1,500,000 shares of the financial services provider’s stock valued at $97,065,000 after buying an additional 206,083 shares in the last quarter. Finally, WINTON GROUP Ltd increased its holdings in Commerce Bancshares by 2,341.9% in the second quarter. WINTON GROUP Ltd now owns 166,439 shares of the financial services provider’s stock valued at $10,770,000 after buying an additional 159,623 shares in the last quarter. 64.80% of the stock is owned by institutional investors.

About Commerce Bancshares

Commerce Bancshares, Inc operates as the holding company for Commerce Bank that provides retail, mortgage banking, corporate, investment, trust, and asset management products and services to individuals and businesses. It operates through three segments: Consumer, Commercial, and Wealth. The Consumer segment offers various banking products and services, including consumer deposits; consumer loans, such as automobile, motorcycle, marine, tractor/trailer, recreational vehicle, fixed rate and revolving home equity, and other consumer loans; patient health care financing; real estate loans; indirect and other consumer financing; personal mortgage banking; consumer installment lending; and consumer debit and credit bank cards, as well as provides online, mobile, and telephone banking services.

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

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