News articles about Commerce Bancshares (NASDAQ:CBSH) have trended somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Commerce Bancshares earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 46.0334348396106 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- Commerce Bancshares (CBSH) Expected to Announce Quarterly Sales of $318.68 Million (americanbankingnews.com)
- Top Ranked Momentum Stocks to Buy for April 19th (finance.yahoo.com)
- Why Commerce Bancshares Inc (NASDAQ:CBSH) May Not Be As Risky Than You Think (finance.yahoo.com)
- Commerce Bancshares (CBSH) CFO Sells $134,419.60 in Stock (americanbankingnews.com)
- Commerce Bancshares (CBSH) Insider Sells $50,821.87 in Stock (americanbankingnews.com)
Several analysts have recently issued reports on CBSH shares. Zacks Investment Research raised shares of Commerce Bancshares from a “hold” rating to a “buy” rating and set a $63.00 price target on the stock in a research report on Monday, January 8th. BidaskClub raised shares of Commerce Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday, December 28th. Barclays increased their price target on shares of Commerce Bancshares from $55.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 2nd. Raymond James raised shares of Commerce Bancshares from an “underperform” rating to a “market perform” rating in a research report on Tuesday, April 10th. Finally, ValuEngine raised shares of Commerce Bancshares from a “hold” rating to a “buy” rating in a research report on Friday, March 23rd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $60.33.
Commerce Bancshares (NASDAQ:CBSH) last released its earnings results on Thursday, April 12th. The financial services provider reported $0.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.12. Commerce Bancshares had a net margin of 27.16% and a return on equity of 13.21%. The firm had revenue of $312.58 million for the quarter, compared to analyst estimates of $310.64 million. During the same period in the prior year, the firm earned $0.68 earnings per share. sell-side analysts forecast that Commerce Bancshares will post 3.61 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 25th. Investors of record on Friday, June 8th will be paid a dividend of $0.235 per share. The ex-dividend date is Thursday, June 7th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.46%. Commerce Bancshares’s payout ratio is 33.94%.
In related news, CFO Charles G. Kim sold 2,135 shares of the company’s stock in a transaction that occurred on Wednesday, April 18th. The shares were sold at an average price of $62.96, for a total transaction of $134,419.60. Following the sale, the chief financial officer now directly owns 69,740 shares in the company, valued at $4,390,830.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John W. Kemper sold 78,359 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $57.45, for a total transaction of $4,501,724.55. Following the sale, the insider now owns 1,284,021 shares in the company, valued at $73,767,006.45. The disclosure for this sale can be found here. Insiders have sold 183,988 shares of company stock worth $10,838,757 over the last 90 days. Insiders own 4.00% of the company’s stock.
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About Commerce Bancshares
Commerce Bancshares, Inc operates as the holding company for Commerce Bank that provides retail, mortgage banking, corporate, investment, trust, and asset management products and services to individuals and businesses. It operates through three segments: Consumer, Commercial, and Wealth. The Consumer segment offers various banking products and services, including consumer deposits; consumer loans, such as automobile, motorcycle, marine, tractor/trailer, recreational vehicle, fixed rate and revolving home equity, and other consumer loans; patient health care financing; real estate loans; indirect and other consumer financing; personal mortgage banking; consumer installment lending; and consumer debit and credit bank cards, as well as provides online, mobile, and telephone banking services.
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