The stock of Commerce Bancshares, Inc. (NASDAQ:CBSH) is a huge mover today! The stock increased 0.48% or $0.26 during the last trading session, hitting $54.81. About 479,122 shares traded hands or 10.15% up from the average. Commerce Bancshares, Inc. (NASDAQ:CBSH) has risen 21.54% since April 27, 2016 and is uptrending. It has outperformed by 16.31% the S&P500.
The move comes after 8 months negative chart setup for the $5.32B company. It was reported on Nov, 30 by Barchart.com. We have $50.43 PT which if reached, will make NASDAQ:CBSH worth $425.60M less.
Analysts await Commerce Bancshares, Inc. (NASDAQ:CBSH) to report earnings on January, 18. They expect $0.70 earnings per share, up 11.11% or $0.07 from last year’s $0.63 per share. CBSH’s profit will be $67.94M for 19.58 P/E if the $0.70 EPS becomes a reality. After $0.68 actual earnings per share reported by Commerce Bancshares, Inc. for the previous quarter, Wall Street now forecasts 2.94% EPS growth.
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. The firm earned “Hold” rating on Thursday, October 15 by Jefferies. The firm earned “Underweight” rating on Tuesday, September 20 by Morgan Stanley. Piper Jaffray initiated the stock with “Neutral” rating in Monday, July 11 report.
According to Zacks Investment Research, “Commerce Bancshares, Inc. is a registered bank holding company offering a full line of banking services, including retail and commercial banking, investment management and securities brokerage. The company operates locations in Missouri, Illinois, and Kansas. The company also has five other operating subsidiaries involved in mortgage banking, credit related insurance, venture capital, and real estate activities. (Company Press Release)”
Insitutional Activity: The institutional sentiment increased to 1.03 in 2016 Q2. Its up 0.01, from 1.02 in 2016Q1. The ratio is positive, 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.
Moreover, Kanaly Tru has 0% invested in Commerce Bancshares, Inc. (NASDAQ:CBSH) for 188 shares. Moreover, Mutual Of America Capital Mngmt Ltd Liability Corp has 0.07% invested in Commerce Bancshares, Inc. (NASDAQ:CBSH) for 67,680 shares. Moreover, Prudential Fin has 0.01% invested in Commerce Bancshares, Inc. (NASDAQ:CBSH) for 72,899 shares. Sg Americas Secs Lc has 0.02% invested in the company for 62,500 shares. Oppenheimer &, a New York-based fund reported 110,952 shares. Umb Bancshares N A Mo accumulated 0.25% or 126,112 shares. Parametric Port Assocs Limited Liability Co last reported 0.01% of its portfolio in the stock. Gw Henssler & Assoc Limited has 0.03% invested in the company for 4,901 shares. First Manhattan last reported 0% of its portfolio in the stock. Cetera Advisors Limited has 0.03% invested in the company for 7,499 shares. Archford Cap Strategies Ltd Liability reported 963 shares or 0.02% of all its holdings. Glenmede Tru Na has 14,185 shares for 0% of their US portfolio. Barclays Public Ltd Co owns 121,596 shares or 0.01% of their US portfolio. Credit Suisse Ag last reported 101,474 shares in the company. Envestnet Asset Management holds 0% of its portfolio in Commerce Bancshares, Inc. (NASDAQ:CBSH) for 11,620 shares.
Insider Transactions: Since May 31, 2016, the stock had 1 insider purchase, and 14 insider sales for $13.45 million net activity. $217,147 worth of Commerce Bancshares, Inc. (NASDAQ:CBSH) was sold by Callahan Daniel D.. The insider Kellerhals Patricia R sold 273 shares worth $13,729. KIM CHARLES G also sold $450,792 worth of Commerce Bancshares, Inc. (NASDAQ:CBSH) on Monday, November 21. STRANGHOENER V RAYMOND sold $240,707 worth of Commerce Bancshares, Inc. (NASDAQ:CBSH) on Friday, August 5. KEMPER JONATHAN M also sold $2.36M worth of Commerce Bancshares, Inc. (NASDAQ:CBSH) shares. ABERDEEN JEFFERY D had bought 2,000 shares worth $58,105. $312,546 worth of shares were sold by BARTH KEVIN G on Friday, August 5.
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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