Commerce Bancshares, Inc. (NASDAQ:CBSH) Shares Acquired by V Square Quantitative Management LLC

V Square Quantitative Management LLC lifted its holdings in shares of Commerce Bancshares, Inc. (NASDAQ:CBSH) by 84.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 791 shares of the financial services provider’s stock after buying an additional 361 shares during the quarter. V Square Quantitative Management LLC’s holdings in Commerce Bancshares were worth $49,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Sound Stewardship LLC grew its position in Commerce Bancshares by 3.9% in the 3rd quarter. Sound Stewardship LLC now owns 4,339 shares of the financial services provider’s stock valued at $258,000 after acquiring an additional 163 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its stake in shares of Commerce Bancshares by 4.9% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 3,908 shares of the financial services provider’s stock valued at $244,000 after buying an additional 183 shares during the period. Verde Capital Management boosted its stake in shares of Commerce Bancshares by 5.4% in the 4th quarter. Verde Capital Management now owns 3,573 shares of the financial services provider’s stock valued at $223,000 after buying an additional 183 shares during the period. GAMMA Investing LLC boosted its stake in shares of Commerce Bancshares by 19.6% in the 4th quarter. GAMMA Investing LLC now owns 1,139 shares of the financial services provider’s stock valued at $71,000 after buying an additional 187 shares during the period. Finally, Wealthcare Advisory Partners LLC boosted its stake in shares of Commerce Bancshares by 5.3% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 3,727 shares of the financial services provider’s stock valued at $232,000 after buying an additional 187 shares during the period. 70.26% of the stock is owned by institutional investors and hedge funds.

Commerce Bancshares Stock Performance

Commerce Bancshares stock opened at $65.74 on Tuesday. The firm has a market capitalization of $8.43 billion, a price-to-earnings ratio of 16.39, a price-to-earnings-growth ratio of 2.27 and a beta of 0.80. Commerce Bancshares, Inc. has a fifty-two week low of $47.89 and a fifty-two week high of $72.75. The stock’s fifty day moving average is $65.00 and its two-hundred day moving average is $64.27.

Commerce Bancshares (NASDAQ:CBSH) last posted its earnings results on Wednesday, January 22nd. The financial services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.06. The company had revenue of $422.10 million for the quarter, compared to analyst estimates of $417.48 million. Commerce Bancshares had a return on equity of 16.31% and a net margin of 25.24%. Commerce Bancshares’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.84 earnings per share. As a group, sell-side analysts forecast that Commerce Bancshares, Inc. will post 3.9 EPS for the current fiscal year.

Commerce Bancshares Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Friday, March 7th will be given a $0.275 dividend. This is an increase from Commerce Bancshares’s previous quarterly dividend of $0.27. This represents a $1.10 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend is Friday, March 7th. Commerce Bancshares’s dividend payout ratio is currently 26.93%.

Insider Activity

In other news, SVP Patricia R. Kellerhals sold 500 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $68.55, for a total value of $34,275.00. Following the transaction, the senior vice president now directly owns 22,265 shares in the company, valued at $1,526,265.75. This trade represents a 2.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Charles G. Kim sold 13,493 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $67.76, for a total value of $914,285.68. Following the completion of the transaction, the chief financial officer now owns 86,246 shares in the company, valued at approximately $5,844,028.96. This trade represents a 13.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 86,054 shares of company stock worth $5,771,192 over the last three months. 3.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CBSH shares. StockNews.com upgraded Commerce Bancshares from a “sell” rating to a “hold” rating in a research note on Monday, January 13th. Piper Sandler boosted their price objective on Commerce Bancshares from $69.00 to $72.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd. Raymond James cut Commerce Bancshares from an “outperform” rating to a “market perform” rating in a research note on Thursday, December 19th. Keefe, Bruyette & Woods boosted their price objective on Commerce Bancshares from $66.00 to $78.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Finally, Wells Fargo & Company boosted their target price on Commerce Bancshares from $67.00 to $70.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. Seven equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $67.83.

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.