FY2027 Earnings Estimate for CBSH Issued By Zacks Research

Commerce Bancshares, Inc. (NASDAQ:CBSH) – Equities researchers at Zacks Research raised their FY2027 earnings per share (EPS) estimates for Commerce Bancshares in a note issued to investors on Thursday, March 20th. Zacks Research analyst R. Department now anticipates that the financial services provider will earn $4.47 per share for the year, up from their previous estimate of $4.42. The consensus estimate for Commerce Bancshares’ current full-year earnings is $3.94 per share.

A number of other brokerages also recently commented on CBSH. Raymond James downgraded Commerce Bancshares from an “outperform” rating to a “market perform” rating in a research report on Thursday, December 19th. Wells Fargo & Company boosted their target price on shares of Commerce Bancshares from $67.00 to $70.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 29th. Piper Sandler lifted their price target on shares of Commerce Bancshares from $69.00 to $72.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. Morgan Stanley dropped their price objective on Commerce Bancshares from $72.00 to $66.00 and set an “underweight” rating on the stock in a research note on Thursday, March 13th. Finally, StockNews.com upgraded Commerce Bancshares from a “sell” rating to a “hold” rating in a research note on Monday, January 13th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to data from MarketBeat, Commerce Bancshares presently has an average rating of “Hold” and a consensus price target of $68.17.

Commerce Bancshares Stock Performance

Commerce Bancshares stock opened at $62.63 on Monday. The stock has a market cap of $8.40 billion, a PE ratio of 15.62, a price-to-earnings-growth ratio of 2.13 and a beta of 0.78. Commerce Bancshares has a fifty-two week low of $48.49 and a fifty-two week high of $72.75. The firm’s 50-day simple moving average is $64.44 and its 200 day simple moving average is $64.43.

Commerce Bancshares (NASDAQ:CBSH) last issued its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.06. The business had revenue of $422.10 million for the quarter, compared to analysts’ expectations of $417.48 million. Commerce Bancshares had a return on equity of 16.31% and a net margin of 25.24%. The business’s revenue was up 7.3% on a year-over-year basis. During the same period last year, the business earned $0.84 EPS.

Commerce Bancshares Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Friday, March 7th will be given a $0.275 dividend. The ex-dividend date of this dividend is Friday, March 7th. This is a positive change from Commerce Bancshares’s previous quarterly dividend of $0.27. This represents a $1.10 annualized dividend and a yield of 1.76%. Commerce Bancshares’s payout ratio is 27.43%.

Insider Buying and Selling at Commerce Bancshares

In other Commerce Bancshares news, SVP Patricia R. Kellerhals sold 1,719 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $67.30, for a total transaction of $115,688.70. Following the completion of the sale, the senior vice president now directly owns 18,688 shares in the company, valued at $1,257,702.40. This represents a 8.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP David L. Orf sold 1,036 shares of Commerce Bancshares stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $68.24, for a total value of $70,696.64. Following the completion of the transaction, the vice president now owns 22,175 shares in the company, valued at approximately $1,513,222. This represents a 4.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 78,434 shares of company stock worth $5,248,272 over the last 90 days. Corporate insiders own 3.20% of the company’s stock.

Institutional Investors Weigh In On Commerce Bancshares

A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Commerce Bancshares by 5.1% during the 4th quarter. Vanguard Group Inc. now owns 13,225,491 shares of the financial services provider’s stock valued at $824,080,000 after purchasing an additional 642,401 shares during the last quarter. Aristotle Capital Management LLC increased its position in Commerce Bancshares by 4.3% during the 4th quarter. Aristotle Capital Management LLC now owns 8,566,476 shares of the financial services provider’s stock valued at $533,777,000 after purchasing an additional 351,406 shares during the period. American Century Companies Inc. raised its holdings in Commerce Bancshares by 25.5% in the 4th quarter. American Century Companies Inc. now owns 3,675,031 shares of the financial services provider’s stock worth $228,991,000 after purchasing an additional 745,661 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Commerce Bancshares by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 2,484,463 shares of the financial services provider’s stock worth $155,756,000 after purchasing an additional 87,723 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Commerce Bancshares by 11.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,272,118 shares of the financial services provider’s stock valued at $141,584,000 after purchasing an additional 227,052 shares in the last quarter. Institutional investors own 70.26% of the company’s stock.

About Commerce Bancshares

Commerce Bancshares, Inc operates as the bank holding company for Commerce Bank that provides retail, mortgage banking, corporate, investment, trust, and asset management products and services to individuals and businesses in the United States. It operates through three segments: Consumer, Commercial, and Wealth.