November 28, 2016 - By Michael Collier
Sara Foster, Executive Vice President of Commerce Bancshares Inc is the insider, our financial writers want to tell you about. Mr. Sara submitted a legal document with the Security Exchange Commission making public a transaction for 4,783 shares of the Missouri-based company, the one she is an insider in. At the time of the selling deal, the average market stock price of Commerce Bancshares Inc was $58.0, making the insider sale worth $277,318 U.S Dollars. At present, Sara Foster owns 57,517 shares which make up roughly 0.06% of Commerce Bancshares Inc’s market cap.
Out of 3 analysts covering Commerce Bancshares (NASDAQ:CBSH), 0 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 0 are positive. $47 is the highest target while $40 is the lowest. The $43.25 average target is -24.98% below today’s ($57.65) stock price. Commerce Bancshares has been the topic of 8 analyst reports since October 15, 2015 according to StockzIntelligence Inc. The firm has “Underweight” rating given on Tuesday, September 20 by Morgan Stanley. The stock of Commerce Bancshares, Inc. (NASDAQ:CBSH) earned “Neutral” rating by Piper Jaffray on Monday, July 11. The firm has “Hold” rating given on Thursday, October 15 by Jefferies.
Insitutional Activity: The institutional sentiment increased to 1.03 in Q2 2016. Its up 0.01, from 1.02 in 2016Q1. The ratio improved, as 15 funds sold all Commerce Bancshares, Inc. shares owned while 85 reduced positions. 15 funds bought stakes while 87 increased positions. They now own 58.05 million shares or 0.51% less from 58.34 million shares in 2016Q1.
Vaughan David Invs Il has 380,231 shares for 1% of their US portfolio. Century accumulated 0.28% or 5.13M shares. Rowland And Inv Counsel Adv holds 2,105 shares or 0% of its portfolio. Fmr Ltd Llc holds 0.01% or 2.16 million shares in its portfolio. Mcf Advisors Ltd Liability Corp, a Kentucky-based fund reported 1,000 shares. Ballentine Lc last reported 0.03% of its portfolio in the stock. Mutual Of America Cap Mgmt Limited Liability Company last reported 0.07% of its portfolio in the stock. The New York-based Goldman Sachs Gp has invested 0.01% in Commerce Bancshares, Inc. (NASDAQ:CBSH). Nomura Asset Mgmt Company Limited last reported 1,600 shares in the company. State Of Wisconsin Investment Board accumulated 0.01% or 54,186 shares. Chicago Equity Ltd Co holds 0.09% or 66,833 shares in its portfolio. Jpmorgan Chase & holds 0.01% of its portfolio in Commerce Bancshares, Inc. (NASDAQ:CBSH) for 555,447 shares. First Quadrant Lp Ca last reported 481 shares in the company. Ameriprise Fincl has 216,221 shares for 0.01% of their US portfolio. Archford Strategies Ltd Com has 963 shares for 0.02% of their US portfolio.
Insider Transactions: Since May 31, 2016, the stock had 1 insider buy, and 13 insider sales for $13.18 million net activity. Shares for $9,756 were sold by PETRIE MICHAEL J on Wednesday, July 27. KEMPER JONATHAN M also sold $2.50M worth of Commerce Bancshares, Inc. (NASDAQ:CBSH) shares. KEMPER DAVID W also sold $1.95 million worth of Commerce Bancshares, Inc. (NASDAQ:CBSH) shares. Another trade for 1,372 shares valued at $67,043 was sold by Callahan Daniel D. 7,804 Commerce Bancshares, Inc. (NASDAQ:CBSH) shares with value of $450,792 were sold by KIM CHARLES G. BARTH KEVIN G sold 6,440 shares worth $312,546. The insider ABERDEEN JEFFERY D bought 2,000 shares worth $58,105.
About 153,135 shares traded hands. Commerce Bancshares, Inc. (NASDAQ:CBSH) has risen 22.68% since April 25, 2016 and is uptrending. It has outperformed by 16.67% the S&P500.
Commerce Bancshares, Inc. is a bank holding firm of Commerce Bank . The company has a market cap of $5.56 billion. The Bank is engaged in general banking business, providing a range of retail, corporate, investment, trust and asset management services and products to individuals and businesses. It has a 21.67 P/E ratio. The Firm operates through three divisions: Consumer, Commercial and Wealth.
According to Zacks Investment Research, “Commerce Bancshares, Inc. is a registered bank holding company offering a full line of banking services, including retail and commercial banking, investment management and securities brokerage. The company operates locations in Missouri, Illinois, and Kansas. The company also has five other operating subsidiaries involved in mortgage banking, credit related insurance, venture capital, and real estate activities. (Company Press Release)”
Analysts await Commerce Bancshares, Inc. (NASDAQ:CBSH) to report earnings on January, 18. They expect $0.70 earnings per share, up 11.11% or $0.07 from last year’s $0.63 per share. CBSH’s profit will be $67.51M for 20.59 P/E if the $0.70 EPS becomes a reality. After $0.68 actual earnings per share reported by Commerce Bancshares, Inc. for the previous quarter, Wall Street now forecasts 2.94% EPS growth.
More news for Commerce Bancshares, Inc. (NASDAQ:CBSH) were recently published by: Forbes.com, which released: “Ex-Dividend Reminder: UnitedHealth Group, M & T Bank and Commerce Bancshares” on November 28, 2016. Businesswire.com‘s article titled: “Commerce Bancshares, Inc. (CBSH) Releases Results of 2016 Dodd-Frank Act ..” and published on October 20, 2016 is yet another important article.
Commerce Bancshares, Inc., incorporated on August 4, 1966, is a bank holding firm of Commerce Bank (the Bank). The Bank is engaged in general banking business, providing a range of retail, corporate, investment, trust and asset management services and products to individuals and businesses. The Firm operates through three divisions: Consumer, Commercial and Wealth. The Firm also owns, directly or through the Bank, various non-banking subsidiaries. The Company’s activities include private equity investment, securities brokerage, insurance agency, mortgage banking, and leasing activities.
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