Commerce Bancshares, Inc. (NASDAQ:CBSH) EVP Kevin G. Barth Sells 24,870 Shares

Commerce Bancshares, Inc. (NASDAQ:CBSH) EVP Kevin G. Barth sold 24,870 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $66.06, for a total transaction of $1,642,912.20. Following the transaction, the executive vice president now owns 45,511 shares of the company’s stock, valued at approximately $3,006,456.66. This represents a 35.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Commerce Bancshares Stock Performance

CBSH traded down $0.33 during trading on Tuesday, reaching $66.61. 316,007 shares of the stock were exchanged, compared to its average volume of 535,684. The stock has a market cap of $8.54 billion, a P/E ratio of 16.61, a price-to-earnings-growth ratio of 3.64 and a beta of 0.79. The stock’s 50 day moving average price is $66.44 and its two-hundred day moving average price is $63.87. Commerce Bancshares, Inc. has a twelve month low of $47.09 and a twelve month high of $72.75.

Commerce Bancshares (NASDAQ:CBSH) last issued its earnings results on Wednesday, January 22nd. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.06. The business had revenue of $422.10 million during the quarter, compared to the consensus estimate of $417.48 million. Commerce Bancshares had a net margin of 25.24% and a return on equity of 16.31%. Commerce Bancshares’s revenue was up 7.3% on a year-over-year basis. During the same period last year, the business posted $0.84 EPS. Equities research analysts predict that Commerce Bancshares, Inc. will post 3.73 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Commerce Bancshares

A number of large investors have recently added to or reduced their stakes in the business. Sound Stewardship LLC lifted its holdings in Commerce Bancshares by 3.9% during the 3rd quarter. Sound Stewardship LLC now owns 4,339 shares of the financial services provider’s stock worth $258,000 after purchasing an additional 163 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its position in Commerce Bancshares by 4.9% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 3,908 shares of the financial services provider’s stock worth $244,000 after buying an additional 183 shares during the period. Verde Capital Management lifted its holdings in shares of Commerce Bancshares by 5.4% during the fourth quarter. Verde Capital Management now owns 3,573 shares of the financial services provider’s stock worth $223,000 after buying an additional 183 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Commerce Bancshares by 19.6% in the fourth quarter. GAMMA Investing LLC now owns 1,139 shares of the financial services provider’s stock valued at $71,000 after acquiring an additional 187 shares during the period. Finally, Wealthcare Advisory Partners LLC grew its stake in shares of Commerce Bancshares by 5.3% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 3,727 shares of the financial services provider’s stock valued at $232,000 after acquiring an additional 187 shares in the last quarter. Institutional investors own 70.26% of the company’s stock.

Analysts Set New Price Targets

CBSH has been the topic of several research analyst reports. Keefe, Bruyette & Woods raised their price objective on Commerce Bancshares from $66.00 to $78.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Morgan Stanley lowered Commerce Bancshares from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $66.00 to $64.00 in a research report on Monday, September 30th. Raymond James downgraded shares of Commerce Bancshares from an “outperform” rating to a “market perform” rating in a report on Thursday, December 19th. Wells Fargo & Company lifted their price target on shares of Commerce Bancshares from $62.00 to $67.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 3rd. Finally, StockNews.com raised shares of Commerce Bancshares from a “sell” rating to a “hold” rating in a research report on Monday, January 13th. Seven analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $67.33.

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.