Wealthcare Advisory Partners LLC Purchases 187 Shares of Commerce Bancshares, Inc. (NASDAQ:CBSH)

Wealthcare Advisory Partners LLC boosted its holdings in shares of Commerce Bancshares, Inc. (NASDAQ:CBSH) by 5.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,727 shares of the financial services provider’s stock after purchasing an additional 187 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Commerce Bancshares were worth $232,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in CBSH. Procyon Advisors LLC purchased a new position in Commerce Bancshares during the fourth quarter worth $200,000. SignalPoint Asset Management LLC lifted its stake in shares of Commerce Bancshares by 9.2% during the 4th quarter. SignalPoint Asset Management LLC now owns 4,734 shares of the financial services provider’s stock worth $295,000 after acquiring an additional 398 shares during the last quarter. Outlook Wealth Advisors LLC grew its position in Commerce Bancshares by 14.2% in the 4th quarter. Outlook Wealth Advisors LLC now owns 7,201 shares of the financial services provider’s stock valued at $449,000 after acquiring an additional 898 shares during the last quarter. Meyer Handelman Co. lifted its position in shares of Commerce Bancshares by 5.0% during the fourth quarter. Meyer Handelman Co. now owns 31,299 shares of the financial services provider’s stock worth $1,950,000 after purchasing an additional 1,490 shares during the last quarter. Finally, First Community Trust NA grew its holdings in shares of Commerce Bancshares by 5.0% in the fourth quarter. First Community Trust NA now owns 19,051 shares of the financial services provider’s stock worth $1,187,000 after purchasing an additional 907 shares during the last quarter. 70.26% of the stock is currently owned by institutional investors.

Insider Activity

In related news, SVP Patricia R. Kellerhals sold 1,000 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $67.69, for a total transaction of $67,690.00. Following the completion of the sale, the senior vice president now owns 21,265 shares of the company’s stock, valued at approximately $1,439,427.85. This represents a 4.49 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kevin G. Barth sold 1,582 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $67.54, for a total value of $106,848.28. Following the completion of the sale, the executive vice president now directly owns 65,409 shares of the company’s stock, valued at approximately $4,417,723.86. This represents a 2.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,398 shares of company stock worth $651,265 in the last ninety days. Company insiders own 3.10% of the company’s stock.

Commerce Bancshares Stock Up 1.0 %

Shares of CBSH stock opened at $65.48 on Wednesday. The stock has a market cap of $8.40 billion, a PE ratio of 17.05, a price-to-earnings-growth ratio of 3.60 and a beta of 0.79. Commerce Bancshares, Inc. has a 52-week low of $47.09 and a 52-week high of $72.75. The business has a 50-day simple moving average of $66.90 and a 200-day simple moving average of $63.60.

Commerce Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd were issued a $0.27 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $1.08 dividend on an annualized basis and a yield of 1.65%. Commerce Bancshares’s payout ratio is 28.13%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CBSH. Keefe, Bruyette & Woods raised 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 report on Wednesday, December 4th. Piper Sandler set a $68.50 target price on Commerce Bancshares and gave the company a “neutral” rating in a research report on Friday, October 18th. Raymond James lowered shares of Commerce Bancshares from an “outperform” rating to a “market perform” rating in a research report on Thursday, December 19th. Wells Fargo & Company lifted their price target on shares of Commerce Bancshares from $62.00 to $67.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 3rd. Finally, Morgan Stanley lowered Commerce Bancshares from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $66.00 to $64.00 in a research report on Monday, September 30th. Seven investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $66.75.

Commerce Bancshares 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.