Outlook Wealth Advisors LLC Invests $212,000 in Commerce Bancshares, Inc. (NASDAQ:CBSH)

Outlook Wealth Advisors LLC purchased a new position in shares of Commerce Bancshares, Inc. (NASDAQ:CBSH) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 3,964 shares of the financial services provider’s stock, valued at approximately $212,000.

Other institutional investors also recently modified their holdings of the company. First Republic Investment Management Inc. grew its position in Commerce Bancshares by 0.3% during the 2nd quarter. First Republic Investment Management Inc. now owns 53,245 shares of the financial services provider’s stock worth $3,496,000 after acquiring an additional 138 shares during the last quarter. Cetera Advisors LLC grew its position in Commerce Bancshares by 3.6% during the 4th quarter. Cetera Advisors LLC now owns 5,099 shares of the financial services provider’s stock worth $347,000 after acquiring an additional 179 shares during the last quarter. Treasurer of the State of North Carolina grew its position in Commerce Bancshares by 0.5% during the 2nd quarter. Treasurer of the State of North Carolina now owns 49,934 shares of the financial services provider’s stock worth $2,432,000 after acquiring an additional 230 shares during the last quarter. Delta Financial Group Inc. grew its position in Commerce Bancshares by 5.0% during the 4th quarter. Delta Financial Group Inc. now owns 5,250 shares of the financial services provider’s stock worth $280,000 after acquiring an additional 250 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its position in Commerce Bancshares by 1.1% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 23,906 shares of the financial services provider’s stock worth $1,147,000 after acquiring an additional 250 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insider Activity

In other news, SVP Patricia R. Kellerhals sold 730 shares of the company’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $54.87, for a total value of $40,055.10. Following the completion of the transaction, the senior vice president now directly owns 25,502 shares of the company’s stock, valued at $1,399,294.74. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Commerce Bancshares news, Director Benjamin F. Rassieur III sold 1,785 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $53.83, for a total transaction of $96,086.55. Following the completion of the transaction, the director now directly owns 33,567 shares of the company’s stock, valued at $1,806,911.61. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Patricia R. Kellerhals sold 730 shares of the stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $54.87, for a total value of $40,055.10. Following the transaction, the senior vice president now directly owns 25,502 shares of the company’s stock, valued at $1,399,294.74. The disclosure for this sale can be found here. Insiders sold a total of 14,321 shares of company stock valued at $752,387 over the last three months. Corporate insiders own 3.10% of the company’s stock.

Analysts Set New Price Targets

CBSH has been the topic of a number of research reports. Bank of America initiated coverage on Commerce Bancshares in a research report on Thursday, January 11th. They set a “neutral” rating and a $55.00 price objective on the stock. Morgan Stanley upped their price target 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 upped their price target 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 investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat.com, Commerce Bancshares presently has an average rating of “Hold” and an average price target of $53.17.

Commerce Bancshares Stock Down 0.7 %

Shares of Commerce Bancshares stock opened at $51.41 on Monday. The company has a market cap of $6.68 billion, a PE ratio of 14.16 and a beta of 0.79. Commerce Bancshares, Inc. has a 52 week low of $40.91 and a 52 week high of $56.75. The business has a 50 day moving average price of $51.87 and a 200-day moving average price of $50.85.

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

Commerce Bancshares Announces Dividend

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

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.