Commerce Bancshares, Inc. (CBSH) Stake Decreased by Teacher Retirement System of Texas

Teacher Retirement System of Texas reduced its position in shares of Commerce Bancshares, Inc. (NASDAQ:CBSH) by 5.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,251 shares of the financial services provider’s stock after selling 422 shares during the period. Teacher Retirement System of Texas’ holdings in Commerce Bancshares were worth $407,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Capstone Asset Management Co. raised its stake in shares of Commerce Bancshares by 0.5% in the first quarter. Capstone Asset Management Co. now owns 7,220 shares of the financial services provider’s stock worth $405,000 after buying an additional 37 shares during the last quarter. Bank of The Ozarks raised its stake in shares of Commerce Bancshares by 0.4% in the first quarter. Bank of The Ozarks now owns 20,027 shares of the financial services provider’s stock worth $1,125,000 after buying an additional 74 shares during the last quarter. Mosaic Family Wealth LLC raised its stake in shares of Commerce Bancshares by 2.9% in the first quarter. Mosaic Family Wealth LLC now owns 3,116 shares of the financial services provider’s stock worth $175,000 after buying an additional 89 shares during the last quarter. WFG Advisors LP raised its stake in shares of Commerce Bancshares by 2.8% in the first quarter. WFG Advisors LP now owns 3,939 shares of the financial services provider’s stock worth $221,000 after buying an additional 109 shares during the last quarter. Finally, World Asset Management Inc raised its stake in shares of Commerce Bancshares by 2.1% in the first quarter. World Asset Management Inc now owns 5,418 shares of the financial services provider’s stock worth $304,000 after buying an additional 112 shares during the last quarter. 62.11% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Commerce Bancshares (NASDAQ:CBSH)

Shares of Commerce Bancshares, Inc. (NASDAQ CBSH) traded down 0.33% during mid-day trading on Tuesday, reaching $57.13. The company’s stock had a trading volume of 96,966 shares. The company has a 50-day moving average of $55.28 and a 200-day moving average of $56.51. The company has a market cap of $5.81 billion, a P/E ratio of 21.37 and a beta of 0.78. Commerce Bancshares, Inc. has a 12 month low of $42.44 and a 12 month high of $60.61.

Commerce Bancshares (NASDAQ:CBSH) last announced its quarterly earnings results on Thursday, April 13th. The financial services provider reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.03. The company had revenue of $295.30 million during the quarter, compared to the consensus estimate of $298.61 million. Commerce Bancshares had a net margin of 23.43% and a return on equity of 11.76%. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.62 earnings per share. Equities research analysts forecast that Commerce Bancshares, Inc. will post $2.84 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, June 26th. Investors of record on Friday, June 9th will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 1.57%. The ex-dividend date is Wednesday, June 7th. Commerce Bancshares’s dividend payout ratio is currently 33.65%.

ILLEGAL ACTIVITY WARNING: This article was first published by Ticker Report and is the sole property of of Ticker Report. If you are viewing this article on another domain, it was stolen and reposted in violation of United States & international copyright and trademark law. The original version of this article can be read at https://www.tickerreport.com/banking-finance/2655663/commerce-bancshares-inc-cbsh-stake-decreased-by-teacher-retirement-system-of-texas.html.

A number of analysts recently commented on the company. Morgan Stanley boosted their target price on Commerce Bancshares from $48.00 to $49.00 and gave the company an “underweight” rating in a research report on Tuesday, June 6th. Piper Jaffray Companies decreased their price objective on Commerce Bancshares from $55.00 to $52.00 and set a “neutral” rating for the company in a report on Wednesday, April 19th. Barclays PLC boosted their price objective on Commerce Bancshares from $54.00 to $55.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 19th. Stephens reissued a “hold” rating on shares of Commerce Bancshares in a report on Monday, April 17th. Finally, Keefe, Bruyette & Woods reissued a “sell” rating and set a $46.00 price objective on shares of Commerce Bancshares in a report on Monday, June 12th. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. Commerce Bancshares currently has a consensus rating of “Hold” and an average price target of $54.50.

In related news, insider Patricia R. Kellerhals sold 604 shares of the firm’s stock in a transaction that occurred on Wednesday, April 19th. The shares were sold at an average price of $54.50, for a total value of $32,918.00. Following the sale, the insider now owns 5,563 shares in the company, valued at $303,183.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman David W. Kemper sold 13,973 shares of the firm’s stock in a transaction that occurred on Wednesday, April 19th. The stock was sold at an average price of $54.32, for a total transaction of $759,013.36. Following the completion of the sale, the chairman now owns 1,227,014 shares in the company, valued at approximately $66,651,400.48. The disclosure for this sale can be found here. Insiders sold 66,167 shares of company stock worth $3,602,308 in the last 90 days. 4.30% of the stock is currently owned by corporate insiders.

About Commerce Bancshares

Commerce Bancshares, Inc is a bank holding company of Commerce Bank (the Bank). The Bank is engaged in general banking business, providing a range of retail, mortgage banking, corporate, investment, trust and asset management products and services to individuals and businesses. The Company operates through three segments: Consumer, Commercial and Wealth.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:CBSH”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding CBSH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Commerce Bancshares, Inc. (NASDAQ:CBSH).

Receive News & Ratings for Commerce Bancshares Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Commerce Bancshares Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2017 Ticker Report. Google+.