Press coverage about Commerce Bancshares (NASDAQ:CBSH) has been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research group scores the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Commerce Bancshares earned a news impact score of 0.19 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 47.7551666088191 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- Commerce Bancshares, Inc. (CBSH) Insider Sells $373,701.60 in Stock (americanbankingnews.com)
- Commerce Bancshares, Inc. Declares Stock Dividend and Quarterly Cash Dividends on Common and Preferred Stock (finance.yahoo.com)
- Brokerages Anticipate Commerce Bancshares, Inc. (CBSH) Will Announce Quarterly Sales of $313.24 Million (americanbankingnews.com)
- Commerce Bancshares, Inc. (CBSH) Declares Quarterly Dividend of $0.23 (americanbankingnews.com)
- Prosperity Bancshares (PB) Gains 2.3% on Q3 Earnings Beat (nasdaq.com)
A number of research firms recently weighed in on CBSH. Zacks Investment Research upgraded shares of Commerce Bancshares from a “hold” rating to a “buy” rating and set a $62.00 price objective on the stock in a research report on Tuesday, September 5th. Raymond James Financial, Inc. reiterated an “underperform” rating on shares of Commerce Bancshares in a research report on Thursday, August 10th. Barclays PLC reiterated an “equal weight” rating and issued a $54.00 price objective (down from $55.00) on shares of Commerce Bancshares in a research report on Wednesday, July 12th. Jefferies Group LLC reiterated a “hold” rating and issued a $61.00 price objective on shares of Commerce Bancshares in a research report on Friday, July 14th. Finally, Wells Fargo & Company reiterated a “market perform” rating and issued a $53.00 price objective (up from $51.00) on shares of Commerce Bancshares in a research report on Friday, July 14th. Five investment analysts have rated the stock with a sell rating and six have given a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $56.63.
Shares of Commerce Bancshares (CBSH) opened at 58.16 on Wednesday. Commerce Bancshares has a 12 month low of $46.57 and a 12 month high of $60.61. The stock has a market capitalization of $5.91 billion, a price-to-earnings ratio of 20.60 and a beta of 0.83. The firm’s 50 day moving average is $57.16 and its 200 day moving average is $56.20.
Commerce Bancshares (NASDAQ:CBSH) last released its quarterly earnings results on Thursday, October 12th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by ($0.03). Commerce Bancshares had a return on equity of 12.08% and a net margin of 23.93%. The business had revenue of $304.83 million during the quarter, compared to the consensus estimate of $317.28 million. During the same period in the previous year, the company posted $0.68 EPS. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, equities analysts predict that Commerce Bancshares will post $2.90 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Stockholders of record on Thursday, November 30th will be paid a $0.225 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $0.90 annualized dividend and a dividend yield of 1.55%. Commerce Bancshares’s payout ratio is 31.91%.
In related news, Director John R. Capps sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $54.82, for a total transaction of $548,200.00. Following the completion of the transaction, the director now owns 12,828 shares of the company’s stock, valued at $703,230.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider V Raymond Stranghoener sold 6,399 shares of the firm’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $58.40, for a total value of $373,701.60. Following the transaction, the insider now directly owns 47,112 shares of the company’s stock, valued at approximately $2,751,340.80. The disclosure for this sale can be found here. Corporate insiders own 4.30% of the company’s stock.
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Commerce Bancshares Company Profile
Commerce Bancshares, Inc is a bank holding company of Commerce Bank (the Bank). The Bank is engaged in general banking business, providing a range of retail, mortgage banking, corporate, investment, trust and asset management products and services to individuals and businesses. The Company operates through three segments: Consumer, Commercial and Wealth.
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