Commerce Bancshares, Inc. (NASDAQ:CBSH) is expected to pay $0.23 on Dec 19, 2016. The indicated annual dividend is $0.90. Shareholders owning the stock before Nov 30, 2016 will be eligible to receive the payout. Based on Commerce Bancshares, Inc.’s current price of $57.17, the dividend is 0.39%. This dividend’s record date is Dec 2, 2016 and the announcement date is Oct 31, 2016. The stock decreased 1.31% or $0.76 during the last trading session, hitting $57.17. Commerce Bancshares, Inc. (NASDAQ:CBSH) has risen 20.33% since April 26, 2016 and is uptrending. It has outperformed by 15.07% the S&P500.
Commerce Bancshares, Inc. is a bank holding firm of Commerce Bank . The company has a market cap of $5.52 billion. The Bank is engaged in general banking business, providing a range of retail, corporate, investment, trust and asset management services and products to individuals and businesses. It has a 21.49 P/E ratio. The Firm operates through three divisions: Consumer, Commercial and Wealth.
Insitutional Activity: The institutional sentiment increased to 1.03 in Q2 2016. Its up 0.01, from 1.02 in 2016Q1. The ratio increased, as 15 funds sold all Commerce Bancshares, Inc. shares owned while 85 reduced positions. 15 funds bought stakes while 87 increased positions. They now own 58.05 million shares or 0.51% less from 58.34 million shares in 2016Q1.
Frontier Inv Management Com, a Texas-based fund reported 5,859 shares. The New York-based First Manhattan has invested 0% in Commerce Bancshares, Inc. (NASDAQ:CBSH). Fmr Limited Com has invested 0.01% of its portfolio in Commerce Bancshares, Inc. (NASDAQ:CBSH). Nomura Asset Mgmt holds 0% or 1,600 shares in its portfolio. The New York-based Metropolitan Life Insurance New York has invested 0.03% in Commerce Bancshares, Inc. (NASDAQ:CBSH). Susquehanna Intl Grp Llp accumulated 0% or 33,730 shares. Janus Capital Management Ltd Com accumulated 0.01% or 157,554 shares. Advisory Serv Inc reported 8,789 shares or 0.16% of all its holdings. Bancshares last reported 8.07 million shares in the company. Utah Retirement holds 15,105 shares or 0.02% of its portfolio. Fifth Third Savings Bank accumulated 0% or 3,274 shares. Balasa Dinverno & Foltz Ltd Liability Corp owns 28,008 shares or 0.24% of their US portfolio. Royal Natl Bank Of Canada reported 116,967 shares or 0% of all its holdings. Wfg Advisors Limited Partnership reported 3,725 shares or 0.05% of all its holdings. Arizona State Retirement has invested 0.02% of its portfolio in Commerce Bancshares, Inc. (NASDAQ:CBSH).
Insider Transactions: Since May 31, 2016, the stock had 1 insider purchase, and 14 selling transactions for $13.45 million net activity. KEMPER JONATHAN M sold $2.36 million worth of stock. Another trade for 50,000 shares valued at $2.46 million was made by KEMPER DAVID W on Tuesday, August 23. On Thursday, November 10 the insider Callahan Daniel D. sold $217,147. 7,804 Commerce Bancshares, Inc. (NASDAQ:CBSH) shares with value of $450,792 were sold by KIM CHARLES G. 206 Commerce Bancshares, Inc. (NASDAQ:CBSH) shares with value of $9,756 were sold by PETRIE MICHAEL J. The insider STRANGHOENER V RAYMOND sold 4,964 shares worth $240,707. Shares for $277,318 were sold by FOSTER SARA E on Wednesday, November 23.
Commerce Bancshares, Inc. (NASDAQ:CBSH) Ratings Coverage
Out of 3 analysts covering Commerce Bancshares (NASDAQ:CBSH), 0 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 0 are positive. Commerce Bancshares has been the topic of 8 analyst reports since October 15, 2015 according to StockzIntelligence Inc. Piper Jaffray initiated the stock with “Neutral” rating in Monday, July 11 report. The stock has “Underweight” rating given by Morgan Stanley on Tuesday, September 20. The stock of Commerce Bancshares, Inc. (NASDAQ:CBSH) earned “Hold” rating by Jefferies on Thursday, October 15.
More news for Commerce Bancshares, Inc. (NASDAQ:CBSH) were recently published by: Streetinsider.com, which released: “Form 4 COMMERCE BANCSHARES INC For: Nov 23 Filed by: FOSTER SARA E” on November 28, 2016. Businesswire.com‘s article titled: “Commerce Bancshares, Inc. (CBSH) Releases Results of 2016 Dodd-Frank Act …” and published on October 20, 2016 is yet another important article.
CBSH Company Profile
Commerce Bancshares, Inc., incorporated on August 4, 1966, is a bank holding firm of Commerce Bank (the Bank). The Bank is engaged in general banking business, providing a range of retail, corporate, investment, trust and asset management services and products to individuals and businesses. The Firm operates through three divisions: Consumer, Commercial and Wealth. The Firm also owns, directly or through the Bank, various non-banking subsidiaries. The Company’s activities include private equity investment, securities brokerage, insurance agency, mortgage banking, and leasing activities.
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