Commerce Bancshares Inc Stock as Institutional Investors Enter

October 2, 2018 - By Louis Casey

Commerce Bancshares, Inc. (NASDAQ:CBSH) Logo

Sentiment for Commerce Bancshares Inc (NASDAQ:CBSH)

Commerce Bancshares Inc (NASDAQ:CBSH) institutional sentiment increased to 1.26 in 2018 Q2. Its up 0.19, from 1.07 in 2018Q1. The ratio is better, as 123 institutional investors opened new or increased stock positions, while 98 sold and reduced positions in Commerce Bancshares Inc. The institutional investors in our partner’s database now hold: 67.79 million shares, down from 67.86 million shares in 2018Q1. Also, the number of institutional investors holding Commerce Bancshares Inc in their top 10 stock positions was flat from 1 to 1 for the same number . Sold All: 13 Reduced: 85 Increased: 80 New Position: 43.

Commerce Bancshares, Inc. operates as the holding firm for Commerce Bank that provides retail, mortgage banking, corporate, investment, trust, and asset management services and products to individuals and businesses. The company has market cap of $6.99 billion. It operates through three divisions: Consumer, Commercial, and Wealth. It has a 18.93 P/E ratio. The Consumer segment offers various banking services and products, including consumer deposits; consumer loans, such as automobile, motorcycle, marine, tractor/trailer, recreational vehicle, fixed rate and revolving home equity, and other consumer loans; real estate loans; indirect and other consumer financing; personal mortgage banking; and consumer debit and credit bank cards, as well as provides online, mobile, and telephone banking services.

The stock decreased 0.68% or $0.45 during the last trading session, reaching $65.57. About 292,164 shares traded. Commerce Bancshares, Inc. (NASDAQ:CBSH) has risen 33.57% since October 2, 2017 and is uptrending. It has outperformed by 17.95% the S&P500.

Analysts await Commerce Bancshares, Inc. (NASDAQ:CBSH) to report earnings on October, 11. They expect $0.96 earnings per share, up 41.18 % or $0.28 from last year’s $0.68 per share. CBSH’s profit will be $102.35M for 17.08 P/E if the $0.96 EPS becomes a reality. After $1.01 actual earnings per share reported by Commerce Bancshares, Inc. for the previous quarter, Wall Street now forecasts -4.95 % negative EPS growth.

Commerce Bank holds 5.64% of its portfolio in Commerce Bancshares, Inc. for 6.86 million shares. Vigilant Capital Management Llc owns 219,895 shares or 2.06% of their US portfolio. Moreover, Mountain Pacific Investment Advisers Inc Id has 1.98% invested in the company for 301,083 shares. The Minnesota-based Speece Thorson Capital Group Inc has invested 1.95% in the stock. Dearborn Partners Llc, a Illinois-based fund reported 342,831 shares.

Since January 1, 0001, it had 0 buys, and 15 sales for $9.21 million activity.

Commerce Bancshares, Inc. (NASDAQ:CBSH) Ratings Coverage

Ratings analysis reveals 0 of Commerce Bancshares Inc’s analysts are positive. Out of 10 Wall Street analysts rating Commerce Bancshares Inc, 0 give it “Buy”, 3 “Sell” rating, while 7 recommend “Hold”. The lowest target is $58 while the high is $68. The stock’s average target of $64.22 is -2.06% below today’s ($65.57) share price. CBSH was included in 14 notes of analysts from April 10, 2018. The rating was downgraded by Bank of America to “Sell” on Tuesday, May 15. Barclays Capital maintained it with “Equal-Weight” rating and $58 target in Wednesday, April 11 report. Barclays Capital maintained Commerce Bancshares, Inc. (NASDAQ:CBSH) on Friday, July 13 with “Equal-Weight” rating. Raymond James downgraded the stock to “Underperform” rating in Tuesday, July 10 report. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Thursday, April 12 report. The rating was maintained by Jefferies with “Hold” on Wednesday, April 18. On Sunday, April 15 the stock rating was maintained by Piper Jaffray with “Hold”. Bank of America maintained it with “Underperform” rating and $68 target in Friday, July 13 report. On Tuesday, April 10 the stock rating was upgraded by Raymond James to “Hold”. The firm has “Underweight” rating given on Tuesday, July 17 by Morgan Stanley.

Commerce Bancshares, Inc. (NASDAQ:CBSH) Institutional Positions Chart

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