Commerce Bancshares, Inc. (NASDAQ:CBSH) Shares Sold by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC lessened its position in shares of Commerce Bancshares, Inc. (NASDAQ:CBSH) by 31.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,236 shares of the financial services provider’s stock after selling 1,908 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Commerce Bancshares were worth $226,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Victory Capital Management Inc. raised its position in shares of Commerce Bancshares by 16.5% during the 3rd quarter. Victory Capital Management Inc. now owns 130,936 shares of the financial services provider’s stock valued at $6,282,000 after buying an additional 18,535 shares during the period. Mutual Advisors LLC raised its position in shares of Commerce Bancshares by 3.9% during the 3rd quarter. Mutual Advisors LLC now owns 417,063 shares of the financial services provider’s stock valued at $20,011,000 after buying an additional 15,508 shares during the period. Handelsinvest Investeringsforvaltning purchased a new stake in shares of Commerce Bancshares during the 4th quarter valued at approximately $526,000. CWM LLC raised its position in shares of Commerce Bancshares by 10.7% during the 3rd quarter. CWM LLC now owns 147,743 shares of the financial services provider’s stock valued at $7,089,000 after buying an additional 14,323 shares during the period. Finally, Stifel Financial Corp raised its position in shares of Commerce Bancshares by 23.0% during the 3rd quarter. Stifel Financial Corp now owns 110,881 shares of the financial services provider’s stock valued at $5,322,000 after buying an additional 20,737 shares during the period. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Commerce Bancshares Trading Down 0.7 %

Commerce Bancshares stock opened at $51.41 on Friday. Commerce Bancshares, Inc. has a twelve month low of $40.91 and a twelve month high of $56.75. The stock’s fifty day simple moving average is $51.87 and its 200-day simple moving average is $50.83. The firm has a market capitalization of $6.68 billion, a P/E ratio of 14.16 and a beta of 0.79.

Commerce Bancshares (NASDAQ:CBSH) last posted its quarterly earnings data on Thursday, January 18th. The financial services provider reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.02. Commerce Bancshares had a return on equity of 17.46% and a net margin of 24.41%. The business had revenue of $393.30 million for the quarter, compared to analyst estimates of $386.34 million. During the same quarter in the prior year, the company earned $0.99 earnings per share. The company’s revenue was up .5% on a year-over-year basis. Sell-side analysts predict that Commerce Bancshares, Inc. will post 3.24 earnings per share for the current year.

Commerce Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Thursday, March 7th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.10%. Commerce Bancshares’s payout ratio is currently 29.75%.

Insider Buying and Selling

In related news, SVP Douglas D. Neff sold 614 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $50.25, for a total transaction of $30,853.50. Following the completion of the transaction, the senior vice president now owns 8,038 shares in the company, valued at $403,909.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Commerce Bancshares news, SVP Douglas D. Neff sold 614 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $50.25, for a total value of $30,853.50. Following the completion of the transaction, the senior vice president now owns 8,038 shares in the company, valued at $403,909.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Robert S. Holmes sold 5,000 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $52.66, for a total transaction of $263,300.00. Following the completion of the transaction, the executive vice president now owns 50,293 shares of the company’s stock, valued at approximately $2,648,429.38. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,321 shares of company stock worth $752,387. Corporate insiders own 3.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on CBSH shares. Bank of America started coverage on Commerce Bancshares in a research report on Thursday, January 11th. They issued a “neutral” rating and a $55.00 target price on the stock. Morgan Stanley boosted their target price on Commerce Bancshares from $46.00 to $55.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. Finally, Keefe, Bruyette & Woods boosted their target price on Commerce Bancshares from $54.00 to $56.00 and gave the company a “market perform” rating in a research report on Friday, January 19th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $53.17.

Commerce Bancshares Company 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.