CBSH Stock Gets Increased EPS Estimate from Zacks Research

Commerce Bancshares, Inc. (NASDAQ:CBSH) – Equities researchers at Zacks Research boosted their Q3 2027 earnings estimates for Commerce Bancshares in a research report issued to clients and investors on Tuesday, November 10th. Zacks Research analyst Team now forecasts that the financial services provider will post earnings of $1.15 per share for the quarter, up from their previous estimate of $1.14. The consensus estimate for Commerce Bancshares’ current full-year earnings is $4.27 per share. Zacks Research also issued estimates for Commerce Bancshares’ Q4 2027 earnings at $1.19 EPS and Q2 2028 earnings at $1.24 EPS.

Commerce Bancshares (NASDAQ:CBSH) last posted its quarterly earnings data on Tuesday, October 20th. The financial services provider reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.01. The company had revenue of $494.34 million during the quarter, compared to analyst estimates of $496.75 million. Commerce Bancshares had a net margin of 26.06% and a return on equity of 14.27%. During the same quarter last year, the firm posted $1.06 EPS.

CBSH has been the topic of several other research reports. Weiss Ratings upgraded shares of Commerce Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 16th. Morgan Stanley increased their price objective on Commerce Bancshares from $76.00 to $77.00 and gave the company an “overweight” rating in a research report on Monday, September 28th. Keefe, Bruyette & Woods raised their price objective on Commerce Bancshares from $60.00 to $62.00 and gave the stock a “market perform” rating in a research note on Monday, July 20th. Wells Fargo & Company decreased their target price on Commerce Bancshares from $61.00 to $60.00 and set an “equal weight” rating on the stock in a report on Monday. Finally, TD Cowen reissued a “hold” rating and issued a $63.00 price target (up from $62.00) on shares of Commerce Bancshares in a research note on Friday, July 17th. Three analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, Commerce Bancshares has a consensus rating of “Hold” and an average price target of $63.50.

Commerce Bancshares Price Performance

NASDAQ CBSH opened at $56.03 on Wednesday. The company’s 50 day simple moving average is $56.05 and its 200 day simple moving average is $54.49. Commerce Bancshares has a 12 month low of $46.99 and a 12 month high of $60.92. The company has a market capitalization of $7.93 billion, a P/E ratio of 13.50, a PEG ratio of 2.35 and a beta of 0.61.

Shares of Commerce Bancshares are going to split before the market opens on Tuesday, December 1st. The 1.05-1 split was recently announced. The newly created shares will be distributed to shareholders after the closing bell on Monday, November 30th.

Institutional Investors Weigh In On Commerce Bancshares

Institutional investors have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Commerce Bancshares in the 2nd quarter valued at approximately $755,669,000. Commerce Bank bought a new position in Commerce Bancshares during the second quarter valued at approximately $316,010,000. Bank of America Corp DE acquired a new stake in Commerce Bancshares in the second quarter valued at approximately $83,328,000. Bank of New York Mellon Corp acquired a new stake in Commerce Bancshares in the second quarter valued at approximately $54,444,000. Finally, Dimensional Fund Advisors LP grew its position in Commerce Bancshares by 29.3% in the first quarter. Dimensional Fund Advisors LP now owns 3,943,247 shares of the financial services provider’s stock worth $193,999,000 after acquiring an additional 894,183 shares in the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP David L. Orf sold 642 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $60.35, for a total transaction of $38,744.70. Following the completion of the sale, the vice president directly owned 24,962 shares in the company, valued at approximately $1,506,456.70. This trade represents a 2.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Douglas D. Neff sold 666 shares of Commerce Bancshares stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $58.15, for a total value of $38,727.90. Following the sale, the senior vice president directly owned 11,746 shares of the company’s stock, valued at approximately $683,029.90. The trade was a 5.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.80% of the company’s stock.

Commerce Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 21st. Investors of record on Tuesday, December 1st will be issued a dividend of $0.2750 per share. This represents a $1.10 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Tuesday, December 1st. Commerce Bancshares’s dividend payout ratio (DPR) is currently 26.51%.

Commerce Bancshares Company Profile

Commerce Bancshares, Inc. is a bank holding company headquartered in Kansas City, Missouri. Founded in 1865, it provides banking and financial services through its principal subsidiary, Commerce Bank. The company serves consumers, businesses, institutions and public-sector organizations. Its services include checking and savings accounts, lending, mortgage banking, treasury management, payment processing, and wealth management and trust services. Commerce Bank operates across several Midwestern and neighboring states, including Missouri, Kansas, Illinois, Oklahoma and Colorado.