Commerce Bancshares (NASDAQ:CBSH) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Commerce Bancshares (NASDAQ:CBSH) from a sell rating to a hold rating in a research report report published on Tuesday.

A number of other analysts have also recently weighed in on the company. Morgan Stanley restated a “positive” rating and issued a $65.00 price target (up from $61.00) on shares of Commerce Bancshares in a research note on Monday, June 29th. Piper Sandler reiterated a “neutral” rating and issued a $66.00 price objective (up from $59.00) on shares of Commerce Bancshares in a report on Friday, July 17th. TD Cowen reissued a “hold” rating and set a $63.00 target price (up from $62.00) on shares of Commerce Bancshares in a research report on Friday, July 17th. Weiss Ratings upgraded shares of Commerce Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, July 21st. Finally, Wells Fargo & Company boosted their price target on shares of Commerce Bancshares from $53.00 to $57.00 and gave the company an “equal weight” rating in a research report on Monday, July 6th. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Commerce Bancshares presently has an average rating of “Hold” and an average price target of $62.43.

Commerce Bancshares Trading Down 1.5%

Shares of NASDAQ:CBSH opened at $59.44 on Tuesday. Commerce Bancshares has a 52 week low of $46.99 and a 52 week high of $60.92. The company’s 50 day moving average is $56.23 and its two-hundred day moving average is $53.18. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.01. The company has a market cap of $8.67 billion, a PE ratio of 14.39, a P/E/G ratio of 2.16 and a beta of 0.58.

Commerce Bancshares (NASDAQ:CBSH) last released its quarterly earnings data on Thursday, July 16th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.06. The business had revenue of $498.91 million during the quarter, compared to analysts’ expectations of $492.22 million. Commerce Bancshares had a net margin of 26.07% and a return on equity of 14.31%. During the same period in the previous year, the company earned $1.14 EPS. Equities analysts predict that Commerce Bancshares will post 4.22 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Charles G. Kim sold 19,771 shares of the company’s stock in a transaction on Monday, July 27th. The shares were sold at an average price of $59.18, for a total value of $1,170,047.78. Following the completion of the sale, the chief financial officer owned 119,410 shares in the company, valued at $7,066,683.80. This represents a 14.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John W. Kemper sold 5,830 shares of the stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $60.58, for a total transaction of $353,181.40. Following the sale, the chief executive officer owned 206,528 shares of the company’s stock, valued at approximately $12,511,466.24. This represents a 2.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 26,842 shares of company stock valued at $1,596,310. 1.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Apriem Advisors lifted its position in Commerce Bancshares by 5.0% during the fourth quarter. Apriem Advisors now owns 4,018 shares of the financial services provider’s stock worth $210,000 after buying an additional 191 shares during the period. Heartland Bank & Trust Co grew its holdings in Commerce Bancshares by 4.4% in the 4th quarter. Heartland Bank & Trust Co now owns 4,595 shares of the financial services provider’s stock valued at $240,000 after buying an additional 192 shares during the period. Outlook Wealth Advisors LLC grew its holdings in Commerce Bancshares by 3.7% in the 4th quarter. Outlook Wealth Advisors LLC now owns 5,934 shares of the financial services provider’s stock valued at $311,000 after buying an additional 214 shares during the period. Elser Financial Planning Inc lifted its holdings in shares of Commerce Bancshares by 5.0% during the 4th quarter. Elser Financial Planning Inc now owns 4,531 shares of the financial services provider’s stock worth $237,000 after acquiring an additional 215 shares during the period. Finally, Centerpoint Advisory Group lifted its holdings in shares of Commerce Bancshares by 5.0% during the 4th quarter. Centerpoint Advisory Group now owns 4,534 shares of the financial services provider’s stock worth $237,000 after acquiring an additional 215 shares during the period. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Commerce Bancshares

Here are the key news stories impacting Commerce Bancshares this week:

• Positive Sentiment: Value-stock appeal: Zacks highlighted CBSH as a strong value stock, which may attract investors seeking a profitable regional bank trading at a relatively reasonable valuation. Here’s Why Commerce Bancshares Is a Strong Value Stock
• Positive Sentiment: Recent earnings beat estimates: Commerce Bancshares reported quarterly EPS of $1.10, exceeding the $1.04 consensus estimate, while revenue of $498.91 million also topped expectations of $492.22 million. The company generated a 26.07% net margin and 14.31% return on equity, supporting the fundamental case for the stock.
• Neutral Sentiment: Analyst outlook remains mixed: Several firms recently raised their price targets, including Piper Sandler to $66 and Keefe, Bruyette & Woods to $62, but ratings remain mostly neutral. CBSH has an overall “Hold” consensus and an average target price of $62.43, implying limited upside from recent levels.
• Negative Sentiment: Multiple insiders sold shares: CEO John W. Kemper sold 5,830 shares worth approximately $353,181, CFO Charles G. Kim sold 19,771 shares worth about $1.17 million, and SVP Derrick Brooks sold 1,041 shares valued at roughly $62,075. The transactions reduced their individual holdings by approximately 2.75%, 14.21%, and 7.35%, respectively. Although insider sales can reflect personal financial planning rather than concerns about business prospects, the concentration of selling may weigh on sentiment, particularly with the stock near its 52-week high. Commerce Bancshares Insider Selling

Commerce Bancshares Company Profile

Commerce Bancshares, Inc is a bank holding company primarily engaged in providing a broad range of banking and financial services across the Midwest. Through its principal subsidiary, Commerce Bank, the company offers commercial and consumer banking, treasury management, trust and wealth advisory, and mortgage lending. Its diversified product suite includes deposit and loan products, cash management solutions, capital markets services, and private banking designed to meet the needs of individuals, small businesses, and large corporations.

The company’s commercial banking group delivers tailored credit facilities, equipment and inventory financing, asset-based lending, and merchant services.