Missouri Trust & Investment Co Has $277,000 Stock Position in Commerce Bancshares, Inc. (NASDAQ:CBSH)

Missouri Trust & Investment Co increased its stake in Commerce Bancshares, Inc. (NASDAQ:CBSH) by 5.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,449 shares of the financial services provider’s stock after buying an additional 211 shares during the quarter. Missouri Trust & Investment Co’s holdings in Commerce Bancshares were worth $277,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CBSH. Geode Capital Management LLC lifted its stake in Commerce Bancshares by 7.3% in the third quarter. Geode Capital Management LLC now owns 2,396,740 shares of the financial services provider’s stock valued at $142,951,000 after acquiring an additional 163,782 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Commerce Bancshares by 19.8% during the second quarter. Dimensional Fund Advisors LP now owns 2,069,924 shares of the financial services provider’s stock worth $115,453,000 after acquiring an additional 342,793 shares during the last quarter. NFJ Investment Group LLC lifted its holdings in Commerce Bancshares by 17.7% during the 3rd quarter. NFJ Investment Group LLC now owns 707,168 shares of the financial services provider’s stock worth $42,006,000 after purchasing an additional 106,316 shares during the last quarter. Sei Investments Co. boosted its position in shares of Commerce Bancshares by 0.5% in the second quarter. Sei Investments Co. now owns 624,715 shares of the financial services provider’s stock valued at $34,846,000 after acquiring an additional 3,391 shares during the period. Finally, Los Angeles Capital Management LLC boosted its holdings in Commerce Bancshares by 7,407.2% in the 3rd quarter. Los Angeles Capital Management LLC now owns 362,900 shares of the financial services provider’s stock valued at $21,556,000 after purchasing an additional 358,066 shares during the period. 70.26% of the stock is owned by institutional investors.

Insider Activity

In related news, SVP David L. Roller sold 890 shares of Commerce Bancshares stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $72.27, for a total transaction of $64,320.30. Following the sale, the senior vice president now directly owns 30,949 shares in the company, valued at $2,236,684.23. This trade represents a 2.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kevin G. Barth sold 1,582 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $67.54, for a total transaction of $106,848.28. Following the completion of the transaction, the executive vice president now owns 65,409 shares of the company’s stock, valued at approximately $4,417,723.86. This trade represents a 2.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,398 shares of company stock valued at $651,265. 3.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

CBSH has been the topic of a number of recent research reports. Piper Sandler set a $68.50 price objective on Commerce Bancshares and gave the stock a “neutral” rating in a research note on Friday, October 18th. Wells Fargo & Company boosted their price target on Commerce Bancshares from $62.00 to $67.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 3rd. Morgan Stanley lowered shares of Commerce Bancshares from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $66.00 to $64.00 in a report on Monday, September 30th. StockNews.com raised shares of Commerce Bancshares from a “sell” rating to a “hold” rating in a report on Monday, January 13th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Commerce Bancshares from $66.00 to $78.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Seven analysts have rated the stock with a hold rating, Based on data from MarketBeat, Commerce Bancshares presently has an average rating of “Hold” and a consensus target price of $66.75.

Commerce Bancshares Trading Up 1.0 %

Shares of Commerce Bancshares stock opened at $65.48 on Wednesday. The firm’s 50 day moving average is $66.90 and its 200 day moving average is $63.60. The firm has a market capitalization 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 1 year low of $47.09 and a 1 year high of $72.75.

Commerce Bancshares (NASDAQ:CBSH) last posted 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. Commerce Bancshares had a net margin of 24.15% and a return on equity of 15.93%. The firm had revenue of $422.10 million for the quarter, compared to analysts’ expectations of $417,482 billion. During the same quarter in the previous year, the firm posted $0.84 earnings per share. The company’s revenue was up 7.3% on a year-over-year basis. As a group, research analysts anticipate that Commerce Bancshares, Inc. will post 3.91 earnings per share for the current year.

Commerce Bancshares Announces Dividend

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

Commerce Bancshares Company 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.