Commerce Bancshares, Inc. (NASDAQ:CBSH) Shares Bought by Inceptionr LLC

Inceptionr LLC raised its stake in shares of Commerce Bancshares, Inc. (NASDAQ:CBSH - Free Report) by 29.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,389 shares of the financial services provider's stock after acquiring an additional 6,393 shares during the quarter. Inceptionr LLC's holdings in Commerce Bancshares were worth $1,769,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in CBSH. Marshall Investment Management LLC bought a new position in Commerce Bancshares during the 4th quarter valued at $35,000. Capital Performance Advisors LLP bought a new position in shares of Commerce Bancshares in the 3rd quarter worth about $39,000. True Wealth Design LLC bought a new position in shares of Commerce Bancshares in the 3rd quarter worth about $47,000. V Square Quantitative Management LLC lifted its position in shares of Commerce Bancshares by 84.0% in the 4th quarter. V Square Quantitative Management LLC now owns 791 shares of the financial services provider's stock worth $49,000 after buying an additional 361 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of Commerce Bancshares by 48.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 882 shares of the financial services provider's stock worth $52,000 after buying an additional 287 shares during the last quarter. 70.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CBSH. Wells Fargo & Company raised their price target on shares of Commerce Bancshares from $67.00 to $70.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 29th. Piper Sandler raised their price target on shares of Commerce Bancshares from $69.00 to $72.00 and gave the stock a "neutral" rating in a research report on Thursday, January 23rd. Raymond James downgraded shares of Commerce Bancshares from an "outperform" rating to a "market perform" rating in a research report on Thursday, December 19th. StockNews.com upgraded shares of Commerce Bancshares from a "sell" rating to a "hold" rating in a research report on Monday, January 13th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Commerce Bancshares from $66.00 to $78.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th. Seven analysts have rated the stock with a hold rating, According to data from MarketBeat, Commerce Bancshares has an average rating of "Hold" and an average price target of $67.83.

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Commerce Bancshares Price Performance

CBSH stock traded up $0.26 on Friday, reaching $62.22. The company's stock had a trading volume of 678,637 shares, compared to its average volume of 532,012. Commerce Bancshares, Inc. has a 52 week low of $47.89 and a 52 week high of $72.75. The company has a market capitalization of $8.33 billion, a P/E ratio of 15.52, a price-to-earnings-growth ratio of 2.13 and a beta of 0.78. The firm has a fifty day moving average of $64.73 and a two-hundred day moving average of $64.56.

Commerce Bancshares (NASDAQ:CBSH - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.95 by $0.06. Commerce Bancshares had a return on equity of 16.31% and a net margin of 25.24%. The business had revenue of $422.10 million during the quarter, compared to analyst estimates of $417.48 million. During the same period in the prior year, the company posted $0.84 EPS. The business's revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, equities analysts expect that Commerce Bancshares, Inc. will post 3.94 EPS for the current fiscal year.

Commerce Bancshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Friday, March 7th will be issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 1.77%. This is a positive change from Commerce Bancshares's previous quarterly dividend of $0.27. The ex-dividend date is Friday, March 7th. Commerce Bancshares's dividend payout ratio is 27.43%.

Insiders Place Their Bets

In other Commerce Bancshares news, CFO Charles G. Kim sold 13,493 shares of the company's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $67.76, for a total value of $914,285.68. Following the completion of the sale, the chief financial officer now directly owns 86,246 shares in the company, valued at $5,844,028.96. This represents a 13.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP David L. Orf sold 1,036 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $68.24, for a total value of $70,696.64. Following the completion of the sale, the vice president now owns 22,175 shares of the company's stock, valued at $1,513,222. This trade represents a 4.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 81,516 shares of company stock worth $5,457,086 over the last ninety days. Company insiders own 3.20% of the company's stock.

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.