What is Zacks Research's Forecast for CBSH FY2027 Earnings?

Commerce Bancshares, Inc. (NASDAQ:CBSH - Free Report) - Zacks Research boosted their FY2027 earnings per share (EPS) estimates for Commerce Bancshares in a note issued to investors on Thursday, March 20th. Zacks Research analyst R. Department now forecasts that the financial services provider will post earnings of $4.47 per share for the year, up from their prior forecast of $4.42. The consensus estimate for Commerce Bancshares' current full-year earnings is $3.94 per share.

Commerce Bancshares (NASDAQ:CBSH - Get Free Report) last released 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 net margin of 25.24% and a return on equity of 16.31%. The business had revenue of $422.10 million during the quarter, compared to analysts' expectations of $417.48 million. During the same period in the prior year, the company earned $0.84 EPS. The firm's quarterly revenue was up 7.3% compared to the same quarter last year.

Other equities analysts also recently issued reports about the company. Raymond James downgraded Commerce Bancshares from an "outperform" rating to a "market perform" rating in a research report on Thursday, December 19th. Keefe, Bruyette & Woods boosted their target price on shares of Commerce Bancshares from $66.00 to $78.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. Wells Fargo & Company lifted their price target on shares of Commerce Bancshares from $67.00 to $70.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 29th. Piper Sandler increased their price objective on Commerce Bancshares from $69.00 to $72.00 and gave the company a "neutral" rating in a report on Thursday, January 23rd. Finally, StockNews.com raised Commerce Bancshares from a "sell" rating to a "hold" rating in a report on Monday, January 13th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $68.17.

Commerce Bancshares Stock Down 0.7 %

Shares of NASDAQ:CBSH traded down $0.42 during trading on Monday, hitting $62.27. 409,966 shares of the company were exchanged, compared to its average volume of 597,186. The company has a market capitalization of $8.35 billion, a P/E ratio of 15.53, a price-to-earnings-growth ratio of 2.13 and a beta of 0.78. Commerce Bancshares has a 1-year low of $48.49 and a 1-year high of $72.75. The business's 50 day moving average is $64.40 and its 200-day moving average is $64.43.

Institutional Investors Weigh In On Commerce Bancshares

Several hedge funds and other institutional investors have recently bought and sold shares of CBSH. Vanguard Group Inc. boosted its position in shares of Commerce Bancshares by 5.1% during the 4th quarter. Vanguard Group Inc. now owns 13,225,491 shares of the financial services provider's stock worth $824,080,000 after purchasing an additional 642,401 shares in the last quarter. Aristotle Capital Management LLC raised its stake in Commerce Bancshares by 4.3% during the 4th quarter. Aristotle Capital Management LLC now owns 8,566,476 shares of the financial services provider's stock worth $533,777,000 after buying an additional 351,406 shares during the period. American Century Companies Inc. boosted its holdings in Commerce Bancshares by 25.5% in the fourth quarter. American Century Companies Inc. now owns 3,675,031 shares of the financial services provider's stock worth $228,991,000 after acquiring an additional 745,661 shares in the last quarter. Geode Capital Management LLC grew its stake in Commerce Bancshares by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 2,484,463 shares of the financial services provider's stock valued at $155,756,000 after acquiring an additional 87,723 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Commerce Bancshares by 11.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,272,118 shares of the financial services provider's stock valued at $141,584,000 after acquiring an additional 227,052 shares during the period. 70.26% of the stock is owned by institutional investors.

Insider Buying and Selling at Commerce Bancshares

In other news, VP David L. Orf sold 1,036 shares of Commerce Bancshares stock in a transaction on Wednesday, February 5th. The shares were 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 in the company, valued at $1,513,222. The trade was a 4.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Charles G. Kim sold 13,493 shares of the business's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $67.76, for a total transaction of $914,285.68. Following the transaction, the chief financial officer now owns 86,246 shares in the company, valued at $5,844,028.96. The trade was a 13.53 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 78,434 shares of company stock valued at $5,248,272. 3.20% of the stock is currently owned by insiders.

Commerce Bancshares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Friday, March 7th were paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date was Friday, March 7th. This is an increase from Commerce Bancshares's previous quarterly dividend of $0.27. Commerce Bancshares's dividend payout ratio (DPR) is currently 27.43%.

About Commerce Bancshares

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.