Zacks Research Has Bullish Forecast for CBSH FY2027 Earnings

Commerce Bancshares, Inc. (NASDAQ:CBSH) – Stock analysts at Zacks Research boosted their FY2027 earnings estimates for shares of Commerce Bancshares in a report issued on Thursday, March 20th. Zacks Research analyst R. Department now anticipates that the financial services provider will post earnings per share of $4.47 for the year, up from their prior forecast of $4.42. The consensus estimate for Commerce Bancshares’ current full-year earnings is $3.94 per share.

CBSH has been the subject of a number of other reports. StockNews.com upgraded Commerce Bancshares from a “sell” rating to a “hold” rating in a research note on Monday, January 13th. Wells Fargo & Company raised their price objective on shares of Commerce Bancshares from $67.00 to $70.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 29th. Morgan Stanley reduced their target price on shares of Commerce Bancshares from $72.00 to $66.00 and set an “underweight” rating on the stock in a research report on Thursday, March 13th. Keefe, Bruyette & Woods raised their price target on shares of Commerce Bancshares from $66.00 to $78.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Finally, Raymond James downgraded Commerce Bancshares from an “outperform” rating to a “market perform” rating in a report on Thursday, December 19th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat, Commerce Bancshares currently has a consensus rating of “Hold” and an average target price of $68.17.

Commerce Bancshares Stock Performance

Shares of CBSH opened at $62.85 on Monday. The company has a market cap of $8.43 billion, a price-to-earnings ratio of 15.67, a PEG ratio of 2.13 and a beta of 0.78. The stock has a fifty day moving average price of $64.43 and a two-hundred day moving average price of $64.44. Commerce Bancshares has a 52-week low of $48.49 and a 52-week high of $72.75.

Commerce Bancshares (NASDAQ:CBSH) last posted its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.06. The company had revenue of $422.10 million during the quarter, compared to analyst estimates of $417.48 million. Commerce Bancshares had a net margin of 25.24% and a return on equity of 16.31%. The company’s revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the business posted $0.84 earnings per share.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. grew its holdings in shares of Commerce Bancshares by 3.4% in the 4th quarter. Principal Financial Group Inc. now owns 281,040 shares of the financial services provider’s stock valued at $17,512,000 after buying an additional 9,362 shares during the period. Virtu Financial LLC bought a new position in Commerce Bancshares during the third quarter worth about $566,000. Procyon Advisors LLC bought a new position in Commerce Bancshares during the fourth quarter worth about $200,000. PFW Advisors LLC acquired a new position in Commerce Bancshares in the fourth quarter valued at about $1,336,000. Finally, Centiva Capital LP bought a new stake in shares of Commerce Bancshares in the third quarter worth about $581,000. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Charles G. Kim sold 13,493 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $67.76, for a total value of $914,285.68. Following the transaction, the chief financial officer now directly owns 86,246 shares in the company, valued at $5,844,028.96. This trade represents a 13.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP David L. Orf sold 1,036 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $68.24, for a total value of $70,696.64. Following the completion of the sale, the vice president now owns 22,175 shares of the company’s stock, valued at $1,513,222. This represents a 4.46 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 78,434 shares of company stock valued at $5,248,272. Company insiders own 3.20% of the company’s stock.

Commerce Bancshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Friday, March 7th were paid a $0.275 dividend. The ex-dividend date of this dividend was Friday, March 7th. This is a boost from Commerce Bancshares’s previous quarterly dividend of $0.27. This represents a $1.10 dividend on an annualized basis and a yield of 1.75%. Commerce Bancshares’s dividend payout ratio (DPR) is presently 27.43%.

Commerce Bancshares Company Profile

Commerce Bancshares, Inc operates as the bank holding company for Commerce Bank that provides retail, mortgage banking, corporate, investment, trust, and asset management products and services to individuals and businesses in the United States. It operates through three segments: Consumer, Commercial, and Wealth.