EntryPoint Capital LLC Has $64,000 Holdings in Commerce Bancshares, Inc. (NASDAQ:CBSH)

EntryPoint Capital LLC lessened its holdings in shares of Commerce Bancshares, Inc. (NASDAQ:CBSH) by 29.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,202 shares of the financial services provider’s stock after selling 495 shares during the period. EntryPoint Capital LLC’s holdings in Commerce Bancshares were worth $64,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of CBSH. Pacer Advisors Inc. lifted its holdings in Commerce Bancshares by 86.8% in the fourth quarter. Pacer Advisors Inc. now owns 17,846 shares of the financial services provider’s stock valued at $953,000 after buying an additional 8,292 shares during the period. Delta Financial Group Inc. lifted its holdings in Commerce Bancshares by 5.0% in the fourth quarter. Delta Financial Group Inc. now owns 5,250 shares of the financial services provider’s stock valued at $280,000 after buying an additional 250 shares during the period. PFW Advisors LLC lifted its holdings in Commerce Bancshares by 2.5% in the fourth quarter. PFW Advisors LLC now owns 20,605 shares of the financial services provider’s stock valued at $1,101,000 after buying an additional 506 shares during the period. New Mexico Educational Retirement Board lifted its holdings in Commerce Bancshares by 5.0% in the fourth quarter. New Mexico Educational Retirement Board now owns 24,431 shares of the financial services provider’s stock valued at $1,305,000 after buying an additional 1,163 shares during the period. Finally, Country Club Bank GFN lifted its holdings in Commerce Bancshares by 5.0% in the fourth quarter. Country Club Bank GFN now owns 35,025 shares of the financial services provider’s stock valued at $1,896,000 after buying an additional 1,667 shares during the period. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insider Activity at Commerce Bancshares

In related news, SVP David L. Roller sold 861 shares of the company’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $64.30, for a total transaction of $55,362.30. Following the sale, the senior vice president now owns 30,949 shares of the company’s stock, valued at approximately $1,990,020.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Commerce Bancshares news, Director Jonathan M. Kemper sold 19,626 shares of the firm’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $63.66, for a total transaction of $1,249,391.16. Following the completion of the sale, the director now directly owns 997,112 shares in the company, valued at approximately $63,476,149.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP David L. Roller sold 861 shares of Commerce Bancshares stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $64.30, for a total transaction of $55,362.30. Following the completion of the sale, the senior vice president now owns 30,949 shares of the company’s stock, valued at $1,990,020.70. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 47,068 shares of company stock worth $2,813,757. 3.20% of the stock is owned by corporate insiders.

Commerce Bancshares Price Performance

Shares of NASDAQ:CBSH traded up $0.84 during midday trading on Friday, hitting $65.08. 698,722 shares of the company’s stock were exchanged, compared to its average volume of 678,064. The stock has a 50 day moving average price of $56.53 and a 200-day moving average price of $54.27. The company has a market cap of $8.43 billion, a PE ratio of 18.15 and a beta of 0.76. Commerce Bancshares, Inc. has a 12 month low of $40.91 and a 12 month high of $65.83.

Commerce Bancshares (NASDAQ:CBSH) last released its quarterly earnings results on Thursday, July 18th. The financial services provider reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.17. Commerce Bancshares had a net margin of 23.62% and a return on equity of 16.50%. The business had revenue of $414.90 million for the quarter, compared to analysts’ expectations of $406.88 million. During the same period in the previous year, the company earned $0.97 earnings per share. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, analysts anticipate that Commerce Bancshares, Inc. will post 3.82 EPS for the current fiscal year.

Commerce Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Investors of record on Thursday, September 5th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.66%. Commerce Bancshares’s payout ratio is currently 30.12%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CBSH shares. StockNews.com upgraded shares of Commerce Bancshares from a “sell” rating to a “hold” rating in a report on Wednesday, April 17th. Raymond James raised shares of Commerce Bancshares from a “market perform” rating to an “outperform” rating and set a $61.00 price target for the company in a research note on Wednesday, April 17th. Morgan Stanley lifted their price target on shares of Commerce Bancshares from $55.00 to $58.00 and gave the company an “equal weight” rating in a research note on Monday, July 22nd. Piper Sandler lifted their price target on shares of Commerce Bancshares from $53.00 to $54.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. Finally, Jefferies Financial Group lifted their price target on shares of Commerce Bancshares from $60.00 to $62.00 and gave the company a “hold” rating in a research note on Wednesday, July 3rd. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $58.86.

Commerce Bancshares Profile

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.