Research Analysts Issue Forecasts for CBSH FY2027 Earnings

Commerce Bancshares, Inc. (NASDAQ:CBSH) – Equities researchers at Zacks Research lifted their FY2027 earnings estimates for Commerce Bancshares in a research note issued to investors on Thursday, March 20th. Zacks Research analyst R. Department now expects that the financial services provider will post earnings of $4.47 per share for the year, up from their prior estimate of $4.42. The consensus estimate for Commerce Bancshares’ current full-year earnings is $3.94 per share.

Commerce Bancshares (NASDAQ:CBSH) last issued its earnings results on Wednesday, January 22nd. The financial services provider reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.06. The business had revenue of $422.10 million for the quarter, compared to the consensus estimate of $417.48 million. Commerce Bancshares had a net margin of 25.24% and a return on equity of 16.31%. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.84 earnings per share.

A number of other brokerages also recently weighed in on CBSH. Wells Fargo & Company boosted their target price 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. Keefe, Bruyette & Woods upped their price objective on shares of Commerce Bancshares from $66.00 to $78.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Piper Sandler upped their price objective on shares of Commerce Bancshares from $69.00 to $72.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. StockNews.com upgraded shares of Commerce Bancshares from a “sell” rating to a “hold” rating in a report on Monday, January 13th. Finally, Raymond James downgraded shares of Commerce Bancshares from an “outperform” rating to a “market perform” rating in a report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $68.17.

Commerce Bancshares Trading Down 0.3 %

Shares of CBSH opened at $61.24 on Monday. The company has a market cap of $8.21 billion, a price-to-earnings ratio of 15.27, a PEG 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 company’s fifty day simple moving average is $64.42 and its 200 day simple moving average is $64.43.

Commerce Bancshares Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Friday, March 7th will be given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend is Friday, March 7th. This is a boost from Commerce Bancshares’s previous quarterly dividend of $0.27. Commerce Bancshares’s payout ratio is presently 27.43%.

Insider Activity

In other news, SVP Patricia R. Kellerhals sold 1,719 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $67.30, for a total value of $115,688.70. Following the completion of the sale, the senior vice president now owns 18,688 shares of the company’s stock, valued at approximately $1,257,702.40. The trade was a 8.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP John K. Handy sold 2,722 shares of the business’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $66.68, for a total transaction of $181,502.96. Following the completion of the sale, the executive vice president now directly owns 39,638 shares of the company’s stock, valued at approximately $2,643,061.84. The trade was a 6.43 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 78,434 shares of company stock valued at $5,248,272. 3.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Commerce Bancshares

A number of institutional investors have recently modified their holdings of the business. California State Teachers Retirement System lifted its position in Commerce Bancshares by 3.2% during the fourth quarter. California State Teachers Retirement System now owns 119,939 shares of the financial services provider’s stock worth $7,473,000 after purchasing an additional 3,750 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in Commerce Bancshares by 6.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,016 shares of the financial services provider’s stock worth $936,000 after purchasing an additional 848 shares during the period. Smith Shellnut Wilson LLC ADV lifted its position in Commerce Bancshares by 5.0% during the fourth quarter. Smith Shellnut Wilson LLC ADV now owns 6,254 shares of the financial services provider’s stock worth $390,000 after purchasing an additional 295 shares during the period. Jefferies Financial Group Inc. lifted its position in Commerce Bancshares by 23.8% during the fourth quarter. Jefferies Financial Group Inc. now owns 48,407 shares of the financial services provider’s stock worth $3,016,000 after purchasing an additional 9,321 shares during the period. Finally, United Advisor Group LLC lifted its position in Commerce Bancshares by 1.8% during the fourth quarter. United Advisor Group LLC now owns 31,122 shares of the financial services provider’s stock worth $1,939,000 after purchasing an additional 537 shares during the period. Institutional investors own 70.26% of the company’s stock.

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.