Somewhat Positive Press Coverage Somewhat Unlikely to Affect Commerce Bancshares (CBSH) Share Price

Headlines about Commerce Bancshares (NASDAQ:CBSH) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Commerce Bancshares earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 45.5307748152702 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

A number of research firms have recently commented on CBSH. BidaskClub cut shares of Commerce Bancshares from a “sell” rating to a “strong sell” rating in a report on Saturday, December 16th. Zacks Investment Research lowered shares of Commerce Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Piper Jaffray Companies reiterated a “neutral” rating and issued a $60.00 price objective on shares of Commerce Bancshares in a report on Friday, October 6th. Finally, Keefe, Bruyette & Woods reiterated a “sell” rating and issued a $51.00 price objective on shares of Commerce Bancshares in a report on Friday, September 15th. Six investment analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. The company has a consensus rating of “Sell” and an average price target of $56.63.

Shares of Commerce Bancshares (NASDAQ:CBSH) traded down $0.04 during mid-day trading on Friday, hitting $56.75. 500,400 shares of the stock traded hands, compared to its average volume of 397,786. The firm has a market cap of $5,996.28, a P/E ratio of 21.13, a price-to-earnings-growth ratio of 3.27 and a beta of 0.80. Commerce Bancshares has a one year low of $51.90 and a one year high of $60.61. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.04.

Commerce Bancshares (NASDAQ:CBSH) last announced its quarterly earnings data on Thursday, October 12th. The financial services provider reported $0.71 EPS for the quarter, missing the 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 company had revenue of $304.83 million for the quarter, compared to analyst estimates of $317.28 million. During the same period last year, the business earned $0.68 EPS. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. equities analysts expect that Commerce Bancshares will post 2.77 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, December 18th. Investors of record on Thursday, November 30th were given a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 1.59%. The ex-dividend date was Wednesday, November 29th. Commerce Bancshares’s payout ratio is currently 33.51%.

In related news, insider V Raymond Stranghoener sold 6,399 shares of Commerce Bancshares stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $58.40, for a total value of $373,701.60. Following the completion of the sale, the insider now owns 47,112 shares of the company’s stock, valued at approximately $2,751,340.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Vice Chairman Jonathan M. Kemper sold 55,000 shares of Commerce Bancshares stock in a transaction on Monday, December 11th. The shares were sold at an average price of $55.06, for a total transaction of $3,028,300.00. The disclosure for this sale can be found here. Company insiders own 4.30% of the company’s stock.

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About Commerce Bancshares

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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