Today’s Stock On Watch: Commerce Bancshares Inc (NASDAQ:CBSH) Institutional Investors Quarterly Sentiment

November 30, 2016 - By Hazel Jackson   ·   0 Comments

Today's Stock On Watch: Commerce Bancshares Inc (NASDAQ:CBSH) Institutional Investors Quarterly Sentiment

Sentiment for Commerce Bancshares Inc (NASDAQ:CBSH)

Commerce Bancshares Inc (NASDAQ:CBSH) institutional sentiment increased to 1.03 in Q2 2016. Its up 0.01, from 1.02 in 2016Q1. The ratio is better, as 102 institutional investors opened new or increased holdings, while 100 sold and trimmed equity positions in Commerce Bancshares Inc. The institutional investors in our partner’s database now own: 58.05 million shares, down from 58.34 million shares in 2016Q1. Also, the number of institutional investors holding Commerce Bancshares Inc in their top 10 holdings decreased from 3 to 1 for a decrease of 2. Sold All: 15 Reduced: 85 Increased: 87 New Position: 15.

Commerce Bancshares, Inc. is a bank holding firm of Commerce Bank . The company has a market cap of $5.33 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 20.62 P/E ratio. The Firm operates through three divisions: Consumer, Commercial and Wealth.

About 299,461 shares traded hands. Commerce Bancshares, Inc. (NASDAQ:CBSH) has risen 21.54% since April 27, 2016 and is uptrending. It has outperformed by 16.31% the S&P500.

Analysts await Commerce Bancshares, Inc. (NASDAQ:CBSH) to report earnings on January, 18. They expect $0.70 EPS, up 11.11% or $0.07 from last year’s $0.63 per share. CBSH’s profit will be $68.00 million for 19.60 P/E if the $0.70 EPS becomes a reality. After $0.68 actual EPS reported by Commerce Bancshares, Inc. for the previous quarter, Wall Street now forecasts 2.94% EPS growth.

According to Zacks Investment Research, “Commerce Bancshares, Inc. is a registered bank holding company offering a full line of banking services, including retail and commercial banking, investment management and securities brokerage. The company operates locations in Missouri, Illinois, and Kansas. The company also has five other operating subsidiaries involved in mortgage banking, credit related insurance, venture capital, and real estate activities. (Company Press Release)”

Commerce Bank holds 6.12% of its portfolio in Commerce Bancshares, Inc. for 8.07 million shares. Speece Thorson Capital Group Inc owns 279,621 shares or 2.91% of their US portfolio. Moreover, Nuance Investments Llc has 2.37% invested in the company for 478,626 shares. The Illinois-based Evanston Investments Inc. Dba Evanston Advisors has invested 2.17% in the stock. Vigilant Capital Management Llc, a Maine-based fund reported 179,133 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 1 buying transaction, and 14 insider sales for $13.45 million net activity.

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

Ratings analysis reveals 0 of Commerce Bancshares’s analysts are positive. Out of 3 Wall Street analysts rating Commerce Bancshares, 0 give it “Buy”, 1 “Sell” rating, while 2 recommend “Hold”. The lowest target is $40 while the high is $47. The stock’s average target of $43.25 is -21.18% below today’s ($54.87) share price. CBSH was included in 8 notes of analysts from October 15, 2015. The rating was maintained by Jefferies on Thursday, October 15 with “Hold”. The firm earned “Neutral” rating on Monday, July 11 by Piper Jaffray. The firm has “Underweight” rating given on Tuesday, September 20 by Morgan Stanley.

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: Businesswire.com, which released: “Commerce Bancshares, Inc. (CBSH) Releases Results of 2016 Dodd-Frank Act …” on October 20, 2016. Streetinsider.com‘s article titled: “Form 4 COMMERCE BANCSHARES INC For: Nov 23 Filed by: FOSTER SARA E” and published on November 28, 2016 is yet another important article.

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By Hazel Jackson

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