Dimensional Fund Advisors LP Has $194 Million Stock Holdings in Commerce Bancshares, Inc. $CBSH

Dimensional Fund Advisors LP raised its holdings in shares of Commerce Bancshares, Inc. (NASDAQ:CBSH) by 29.3% in the 1st quarter, HoldingsChannel.com reports. The fund owned 3,943,247 shares of the financial services provider’s stock after purchasing an additional 894,183 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Commerce Bancshares were worth $193,999,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. Danske Bank A S acquired a new position in Commerce Bancshares in the third quarter valued at about $25,000. Geneos Wealth Management Inc. grew its holdings in Commerce Bancshares by 85.4% during the first quarter. Geneos Wealth Management Inc. now owns 469 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 216 shares during the period. Daytona Street Capital LLC acquired a new position in Commerce Bancshares during the fourth quarter valued at approximately $25,000. Root Financial Partners LLC increased its position in shares of Commerce Bancshares by 104.9% in the 1st quarter. Root Financial Partners LLC now owns 623 shares of the financial services provider’s stock valued at $31,000 after buying an additional 319 shares in the last quarter. Finally, Laurel Wealth Advisors LLC bought a new stake in shares of Commerce Bancshares in the fourth quarter worth about $34,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

Commerce Bancshares Stock Performance

Shares of NASDAQ CBSH opened at $59.09 on Friday. The stock’s fifty day moving average price is $55.62 and its two-hundred day moving average price is $53.03. The firm has a market cap of $8.61 billion, a price-to-earnings ratio of 14.31, a P/E/G ratio of 2.10 and a beta of 0.58. Commerce Bancshares, Inc. has a one year low of $46.99 and a one year high of $60.76. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.82 and a quick ratio of 0.82.

Commerce Bancshares (NASDAQ:CBSH) last released its quarterly earnings results on Thursday, July 16th. The financial services provider reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.06. Commerce Bancshares had a net margin of 26.07% and a return on equity of 14.31%. The business had revenue of $498.91 million for the quarter, compared to analyst estimates of $492.22 million. During the same period last year, the firm earned $1.14 earnings per share. On average, equities analysts forecast that Commerce Bancshares, Inc. will post 4.22 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CBSH shares. TD Cowen reaffirmed a “hold” rating and set a $63.00 price target (up from $62.00) on shares of Commerce Bancshares in a research report on Friday, July 17th. Morgan Stanley reiterated a “positive” rating and set a $65.00 price objective (up from $61.00) on shares of Commerce Bancshares in a report on Monday, June 29th. Hovde Group cut their target price on Commerce Bancshares from $63.00 to $60.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 22nd. Stephens set a $64.00 price target on shares of Commerce Bancshares and gave the stock an “equal weight” rating in a research report on Friday, July 17th. Finally, Wall Street Zen downgraded shares of Commerce Bancshares from a “hold” rating to a “sell” rating in a research note on Monday, July 20th. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Commerce Bancshares presently has a consensus rating of “Hold” and an average price target of $62.43.

Commerce Bancshares Company Profile

Commerce Bancshares, Inc is a bank holding company primarily engaged in providing a broad range of banking and financial services across the Midwest. Through its principal subsidiary, Commerce Bank, the company offers commercial and consumer banking, treasury management, trust and wealth advisory, and mortgage lending. Its diversified product suite includes deposit and loan products, cash management solutions, capital markets services, and private banking designed to meet the needs of individuals, small businesses, and large corporations.

The company’s commercial banking group delivers tailored credit facilities, equipment and inventory financing, asset-based lending, and merchant services.