What is Zacks Research’s Estimate for CBSH FY2027 Earnings?

Commerce Bancshares, Inc. (NASDAQ:CBSH) – Research analysts at Zacks Research raised their FY2027 EPS estimates for shares of Commerce Bancshares in a research note issued to investors 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 estimate of $4.42. The consensus estimate for Commerce Bancshares’ current full-year earnings is $3.94 per share.

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

Commerce Bancshares Stock Up 2.3 %

CBSH opened at $62.63 on Monday. Commerce Bancshares has a twelve month low of $48.49 and a twelve month high of $72.75. The firm has a 50 day moving average price of $64.44 and a 200-day moving average price of $64.43. The stock has a market capitalization of $8.40 billion, a price-to-earnings ratio of 15.62, a PEG ratio of 2.13 and a beta of 0.78.

Commerce Bancshares (NASDAQ:CBSH) last released its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $1.01 EPS 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 analysts’ expectations 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 period last year, the firm posted $0.84 earnings per share.

Institutional Investors Weigh In On Commerce Bancshares

A number of hedge funds have recently made changes to their positions in the stock. Norges Bank bought a new position in shares of Commerce Bancshares during the 4th quarter worth approximately $86,327,000. American Century Companies Inc. increased its stake in Commerce Bancshares by 25.5% during the 4th quarter. American Century Companies Inc. now owns 3,675,031 shares of the financial services provider’s stock valued at $228,991,000 after purchasing an additional 745,661 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Commerce Bancshares by 5.1% in the fourth quarter. Vanguard Group Inc. now owns 13,225,491 shares of the financial services provider’s stock worth $824,080,000 after buying an additional 642,401 shares during the last quarter. Aristotle Capital Management LLC grew its holdings in shares of Commerce Bancshares by 4.3% during the fourth quarter. Aristotle Capital Management LLC now owns 8,566,476 shares of the financial services provider’s stock valued at $533,777,000 after buying an additional 351,406 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of Commerce Bancshares by 31.8% in the 4th quarter. Northern Trust Corp now owns 1,286,483 shares of the financial services provider’s stock valued at $80,161,000 after acquiring an additional 310,443 shares during the period. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Commerce Bancshares

In related news, CEO John W. Kemper sold 26,042 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $67.28, for a total value of $1,752,105.76. Following the transaction, the chief executive officer now owns 211,929 shares of the company’s stock, valued at $14,258,583.12. This trade represents a 10.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Patricia R. Kellerhals sold 1,719 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $67.30, for a total transaction of $115,688.70. Following the completion of the sale, the senior vice president now directly owns 18,688 shares of the company’s stock, valued at approximately $1,257,702.40. This trade represents a 8.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 78,434 shares of company stock worth $5,248,272. Company insiders own 3.20% of the company’s stock.

Commerce Bancshares Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Friday, March 7th will be issued a $0.275 dividend. This is a boost from Commerce Bancshares’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, March 7th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.76%. Commerce Bancshares’s payout ratio is 27.43%.

About Commerce Bancshares

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.