Zacks Research Has Pessimistic Outlook of CBSH Q1 Earnings

Commerce Bancshares, Inc. (NASDAQ:CBSH - Free Report) - Research analysts at Zacks Research decreased their Q1 2025 earnings per share (EPS) estimates for shares of Commerce Bancshares in a note issued to investors on Tuesday, December 10th. Zacks Research analyst R. Department now anticipates that the financial services provider will earn $0.89 per share for the quarter, down from their previous forecast of $0.91. The consensus estimate for Commerce Bancshares' current full-year earnings is $3.95 per share. Zacks Research also issued estimates for Commerce Bancshares' Q2 2025 earnings at $0.95 EPS, Q3 2025 earnings at $0.96 EPS, Q4 2025 earnings at $0.98 EPS, FY2025 earnings at $3.78 EPS, Q1 2026 earnings at $1.01 EPS, Q2 2026 earnings at $0.99 EPS, Q3 2026 earnings at $1.00 EPS and FY2026 earnings at $4.04 EPS.

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

CBSH has been the subject of several other research reports. Morgan Stanley cut Commerce Bancshares from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $66.00 to $64.00 in a research note on Monday, September 30th. Wells Fargo & Company raised their price objective on Commerce Bancshares from $62.00 to $67.00 and gave the stock an "equal weight" rating in a research report on Tuesday, December 3rd. Keefe, Bruyette & Woods increased their target price on shares of Commerce Bancshares from $66.00 to $78.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th. Piper Sandler set a $68.50 price target on shares of Commerce Bancshares and gave the company a "neutral" rating in a research report on Friday, October 18th. Finally, StockNews.com upgraded shares of Commerce Bancshares from a "sell" rating to a "hold" rating in a report on Friday, October 18th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $65.07.

Commerce Bancshares Stock Down 0.6 %

Shares of Commerce Bancshares stock traded down $0.39 during mid-day trading on Friday, hitting $67.27. The stock had a trading volume of 109,684 shares, compared to its average volume of 552,809. The firm has a market cap of $8.63 billion, a P/E ratio of 17.62, a price-to-earnings-growth ratio of 2.95 and a beta of 0.77. The firm has a 50-day moving average of $66.42 and a two-hundred day moving average of $61.70. Commerce Bancshares has a 12-month low of $47.09 and a 12-month high of $72.75.

Hedge Funds Weigh In On Commerce Bancshares

A number of institutional investors and hedge funds have recently modified their holdings of CBSH. V Square Quantitative Management LLC acquired a new position in Commerce Bancshares in the third quarter valued at approximately $26,000. Allworth Financial LP boosted its holdings in shares of Commerce Bancshares by 51.1% in the 3rd quarter. Allworth Financial LP now owns 568 shares of the financial services provider's stock valued at $34,000 after buying an additional 192 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Commerce Bancshares in the 3rd quarter valued at $39,000. True Wealth Design LLC acquired a new stake in Commerce Bancshares during the 3rd quarter worth $47,000. Finally, Farther Finance Advisors LLC raised its stake in Commerce Bancshares by 48.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 882 shares of the financial services provider's stock worth $52,000 after acquiring an additional 287 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company's stock.

Insider Buying and Selling at Commerce Bancshares

In other news, SVP Patricia R. Kellerhals sold 2,000 shares of the business's stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $62.23, for a total transaction of $124,460.00. Following the completion of the transaction, the senior vice president now directly owns 23,381 shares of the company's stock, valued at approximately $1,454,999.63. The trade was a 7.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman David W. Kemper sold 30,000 shares of Commerce Bancshares stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $61.78, for a total transaction of $1,853,400.00. Following the completion of the transaction, the chairman now owns 1,151,994 shares of the company's stock, valued at $71,170,189.32. This represents a 2.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,816 shares of company stock valued at $2,454,586 in the last 90 days. Company insiders own 3.20% of the company's stock.

Commerce Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $1.08 dividend on an annualized basis and a yield of 1.61%. Commerce Bancshares's dividend payout ratio (DPR) is presently 28.13%.

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.