FY2024 Earnings Estimate for CBSH Issued By Zacks Research

Commerce Bancshares, Inc. (NASDAQ:CBSHFree Report) – Research analysts at Zacks Research lowered their FY2024 earnings per share estimates for shares of Commerce Bancshares in a research note issued to investors on Monday, January 13th. Zacks Research analyst R. Department now anticipates that the financial services provider will post earnings per share of $3.92 for the year, down from their previous estimate of $3.97. The consensus estimate for Commerce Bancshares’ current full-year earnings is $3.92 per share. Zacks Research also issued estimates for Commerce Bancshares’ Q4 2024 earnings at $0.92 EPS, Q1 2025 earnings at $0.87 EPS, Q2 2025 earnings at $0.92 EPS, Q3 2025 earnings at $0.94 EPS, Q4 2025 earnings at $0.95 EPS, FY2025 earnings at $3.69 EPS, Q1 2026 earnings at $0.99 EPS, Q2 2026 earnings at $0.97 EPS, Q3 2026 earnings at $0.98 EPS, Q4 2026 earnings at $1.01 EPS and FY2026 earnings at $3.94 EPS.

A number of other equities analysts have also commented on CBSH. 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. Wells Fargo & Company lifted their price target on Commerce Bancshares from $62.00 to $67.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 3rd. Raymond James lowered Commerce Bancshares from an “outperform” rating to a “market perform” rating in a research note on Thursday, December 19th. Piper Sandler set a $68.50 price target on Commerce Bancshares and gave the company a “neutral” rating in a research note on Friday, October 18th. Finally, Morgan Stanley lowered Commerce Bancshares from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $66.00 to $64.00 in a research report on Monday, September 30th. Seven equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $66.75.

View Our Latest Research Report on Commerce Bancshares

Commerce Bancshares Trading Down 0.8 %

NASDAQ:CBSH opened at $63.78 on Wednesday. The stock has a market cap of $8.18 billion, a P/E ratio of 16.61, a PEG ratio of 3.38 and a beta of 0.79. The stock has a 50 day simple moving average of $67.36 and a 200 day simple moving average of $63.29. Commerce Bancshares has a 1-year low of $47.09 and a 1-year high of $72.75.

Commerce Bancshares (NASDAQ:CBSHGet Free Report) last released its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.07. The business had revenue of $421.38 million during the quarter, compared to analysts’ expectations of $412.85 million. Commerce Bancshares had a return on equity of 15.93% and a net margin of 24.15%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Victory Capital Management Inc. lifted its stake in shares of Commerce Bancshares by 10.8% in the 2nd quarter. Victory Capital Management Inc. now owns 103,649 shares of the financial services provider’s stock valued at $5,782,000 after purchasing an additional 10,076 shares during the period. Private Advisor Group LLC acquired a new position in shares of Commerce Bancshares in the 2nd quarter valued at about $697,000. Daiwa Securities Group Inc. lifted its stake in shares of Commerce Bancshares by 11.7% in the 2nd quarter. Daiwa Securities Group Inc. now owns 6,915 shares of the financial services provider’s stock valued at $386,000 after purchasing an additional 723 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Commerce Bancshares by 19.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,069,924 shares of the financial services provider’s stock valued at $115,453,000 after purchasing an additional 342,793 shares during the period. Finally, Edgestream Partners L.P. acquired a new position in shares of Commerce Bancshares in the 2nd quarter valued at about $489,000. 70.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Commerce Bancshares news, SVP Douglas D. Neff sold 888 shares of Commerce Bancshares stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $72.10, for a total transaction of $64,024.80. Following the transaction, the senior vice president now directly owns 8,038 shares of the company’s stock, valued at approximately $579,539.80. The trade was a 9.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Patricia R. Kellerhals sold 500 shares of Commerce Bancshares stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $68.55, for a total value of $34,275.00. Following the transaction, the senior vice president now directly owns 22,265 shares in the company, valued at $1,526,265.75. The trade was a 2.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 39,398 shares of company stock worth $2,504,665 in the last 90 days. Insiders own 3.10% of the company’s stock.

Commerce Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $1.08 dividend on an annualized basis and a yield of 1.69%. Commerce Bancshares’s dividend payout ratio is currently 28.13%.

Commerce Bancshares Company Profile

(Get Free Report)

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.

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Earnings History and Estimates for Commerce Bancshares (NASDAQ:CBSH)

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