Shorts Action: Is Buying Commerce Bancshares Incorporated (NASDAQ:CBSH) Here Good Idea?

November 28, 2016 - By Louis Casey   ·   0 Comments

Shorts Action: Is Buying Commerce Bancshares Incorporated (NASDAQ:CBSH) Here Good Idea?

The stock of Commerce Bancshares Incorporated (NASDAQ:CBSH) registered a decrease of 31.07% in short interest. CBSH’s total short interest was 3.46M shares in November as published by FINRA. Its down 31.07% from 5.01 million shares, reported previously. With 409,100 shares average volume, it will take short sellers 8 days to cover their CBSH’s short positions. The short interest to Commerce Bancshares Incorporated’s float is 4.17%. About 249,178 shares traded hands. Commerce Bancshares, Inc. (NASDAQ:CBSH) has risen 22.68% since April 25, 2016 and is uptrending. It has outperformed by 16.67% the S&P500.

Commerce Bancshares, Inc. is a bank holding firm of Commerce Bank . The company has a market cap of $5.51 billion. The Bank is engaged in general banking business, providing a range of retail, corporate, investment, trust and asset management services and products to individuals and businesses. It has a 21.45 P/E ratio. The Firm operates through three divisions: Consumer, Commercial and Wealth.

Insitutional Activity: The institutional sentiment increased to 1.03 in Q2 2016. Its up 0.01, from 1.02 in 2016Q1. The ratio improved, as 15 funds sold all Commerce Bancshares, Inc. shares owned while 85 reduced positions. 15 funds bought stakes while 87 increased positions. They now own 58.05 million shares or 0.51% less from 58.34 million shares in 2016Q1.
Calvert Management Inc accumulated 0.02% or 6,175 shares. Bessemer Gru accumulated 104,804 shares or 0.03% of the stock. Moreover, Northern has 0.01% invested in Commerce Bancshares, Inc. (NASDAQ:CBSH) for 635,079 shares. Proshare Advsrs reported 64,039 shares or 0.04% of all its holdings. Advantus Mgmt accumulated 10,056 shares or 0.01% of the stock. The Ontario – Canada-based Td Asset Mgmt has invested 0% in Commerce Bancshares, Inc. (NASDAQ:CBSH). Pggm Invs holds 0.02% or 79,671 shares in its portfolio. Retail Bank Of Montreal Can accumulated 0.01% or 162,247 shares. Merriman Wealth Management Ltd Liability reported 6,964 shares or 0.09% of all its holdings. Country Fincl Bank holds 0.01% of its portfolio in Commerce Bancshares, Inc. (NASDAQ:CBSH) for 4,778 shares. Walleye Trading Ltd Com owns 2,108 shares or 0% of their US portfolio. Financial Counselors holds 0.41% of its portfolio in Commerce Bancshares, Inc. (NASDAQ:CBSH) for 142,202 shares. Los Angeles Capital Management And Equity Research accumulated 130,434 shares or 0.05% of the stock. Sei Invs reported 242,983 shares or 0.07% of all its holdings. Menta Cap Ltd Com, a California-based fund reported 8,176 shares.

Insider Transactions: Since May 31, 2016, the stock had 1 buy, and 13 selling transactions for $13.18 million net activity. STRANGHOENER V RAYMOND sold $240,707 worth of stock. Callahan Daniel D. had sold 4,000 shares worth $217,147 on Thursday, November 10. KEMPER JONATHAN M also sold $2.50M worth of Commerce Bancshares, Inc. (NASDAQ:CBSH) shares. $2.46 million worth of Commerce Bancshares, Inc. (NASDAQ:CBSH) shares were sold by KEMPER DAVID W. Shares for $9,756 were sold by PETRIE MICHAEL J. The insider KIM CHARLES G sold 7,804 shares worth $450,792. On Friday, September 2 Kellerhals Patricia R sold $13,729 worth of the stock or 273 shares.

Commerce Bancshares, Inc. (NASDAQ:CBSH) Ratings Coverage

Out of 3 analysts covering Commerce Bancshares (NASDAQ:CBSH), 0 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 0 are positive. Commerce Bancshares has been the topic of 8 analyst reports since October 15, 2015 according to StockzIntelligence Inc. Jefferies maintained it with “Hold” rating and $44 target price in Thursday, October 15 report. Morgan Stanley downgraded Commerce Bancshares, Inc. (NASDAQ:CBSH) on Tuesday, September 20 to “Underweight” rating. The stock has “Neutral” rating given by Piper Jaffray on Monday, July 11.

CBSH Company Profile

Commerce Bancshares, Inc., incorporated on August 4, 1966, is a bank holding firm of Commerce Bank (the Bank). The Bank is engaged in general banking business, providing a range of retail, corporate, investment, trust and asset management services and products to individuals and businesses. The Firm operates through three divisions: Consumer, Commercial and Wealth. The Firm also owns, directly or through the Bank, various non-banking subsidiaries. The Company’s activities include private equity investment, securities brokerage, insurance agency, mortgage banking, and leasing activities.

More news for Commerce Bancshares, Inc. (NASDAQ:CBSH) were recently published by: Forbes.com, which released: “Ex-Dividend Reminder: UnitedHealth Group, M & T Bank and Commerce Bancshares” on November 28, 2016. Businesswire.com‘s article titled: “Commerce Bancshares, Inc. (CBSH) Releases Results of 2016 Dodd-Frank Act …” and published on October 20, 2016 is yet another important article.

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By Louis Casey


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