The stock of Commerce Bancshares, Inc. (NASDAQ:CBSH) is a huge mover today! About 360,832 shares traded hands or 4.60% up from the average. Commerce Bancshares, Inc. (NASDAQ:CBSH) has risen 9.95% since March 11, 2016 and is uptrending. It has outperformed by 4.49% the S&P500.
The move comes after 8 months negative chart setup for the $4.60 billion company. It was reported on Oct, 14 by Barchart.com. We have $45.13 PT which if reached, will make NASDAQ:CBSH worth $322.00 million less.
Commerce Bancshares, Inc. (NASDAQ:CBSH) Ratings Coverage
Out of 3 analysts covering Commerce Bancshares (NASDAQ:CBSH), 0 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 0 are positive. Commerce Bancshares has been the topic of 8 analyst reports since October 15, 2015 according to StockzIntelligence Inc. The firm earned “Hold” rating on Thursday, October 15 by Jefferies. The firm earned “Underweight” rating on Tuesday, September 20 by Morgan Stanley. The stock has “Neutral” rating given by Piper Jaffray on Monday, July 11.
According to Zacks Investment Research, “Commerce Bancshares, Inc. is a registered bank holding company offering a full line of banking services, including retail and commercial banking, investment management and securities brokerage. The company operates locations in Missouri, Illinois, and Kansas. The company also has five other operating subsidiaries involved in mortgage banking, credit related insurance, venture capital, and real estate activities. (Company Press Release)”
Insitutional Activity: The institutional sentiment decreased to 1.02 in 2016 Q2. Its down 0.11, from 1.13 in 2016Q1. The ratio fall, as 15 funds sold all Commerce Bancshares, Inc. shares owned while 85 reduced positions. 15 funds bought stakes while 87 increased positions. They now own 58.05 million shares or 0.51% less from 58.34 million shares in 2016Q1.
Rhumbline Advisers accumulated 138,982 shares or 0.02% of the stock. Matarin Capital Management Limited Liability holds 0% of its portfolio in Commerce Bancshares, Inc. (NASDAQ:CBSH) for 63,731 shares. Jpmorgan Chase And accumulated 0.01% or 555,447 shares. Liberty Mutual Group Asset Inc reported 36,118 shares or 0.06% of all its holdings. Commercial Bank Of The Ozarks holds 0.33% of its portfolio in Commerce Bancshares, Inc. (NASDAQ:CBSH) for 19,003 shares. Kistler has 160 shares for 0% of their US portfolio. Federated Invsts Pa reported 45,162 shares or 0.01% of all its holdings. Moreover, Salient Advsrs Lc has 0.03% invested in Commerce Bancshares, Inc. (NASDAQ:CBSH) for 27,999 shares. Legal And General Group Public Lc last reported 0.02% of its portfolio in the stock. Paloma Prns Company last reported 0.01% of its portfolio in the stock. Bessemer Group accumulated 104,804 shares or 0.03% of the stock. Jacobus Wealth Mgmt Inc owns 10,481 shares or 0.15% of their US portfolio. First Tru Advsrs Ltd Partnership holds 235,228 shares or 0.04% of its portfolio. Fifth Third National Bank & Trust has 3,274 shares for 0% of their US portfolio. Stratos Wealth Prns Limited has 0.11% invested in the company for 30,925 shares.
Insider Transactions: Since April 19, 2016, the stock had 1 insider purchase, and 17 insider sales for $13.47 million net activity. Kellerhals Patricia R also sold $13,729 worth of Commerce Bancshares, Inc. (NASDAQ:CBSH) shares. On Wednesday, July 27 the insider PETRIE MICHAEL J sold $9,756. Callahan Daniel D. also sold $67,043 worth of Commerce Bancshares, Inc. (NASDAQ:CBSH) shares. Another trade for 6,440 shares valued at $312,546 was sold by BARTH KEVIN G. $58,105 worth of shares were bought by ABERDEEN JEFFERY D on Friday, July 15. KEMPER JONATHAN M sold 50,000 shares worth $2.36 million. Another trade for 2,322 shares valued at $110,249 was made by RAUSCHER ROBERT on Wednesday, May 11.
More recent Commerce Bancshares, Inc. (NASDAQ:CBSH) news were published by: Businesswire.com which released: “Commerce Bancshares, Inc. Announces Third Quarter Earnings Per Common Share of …” on October 14, 2016. Also Reuters.com published the news titled: “BRIEF- Commerce bancshares, inc. announces third quarter earnings” on October 14, 2016. Forbes.com‘s news article titled: “Ex-Dividend Reminder: Commerce Bancshares, Regions Financial and Travelers …” with publication date: September 06, 2016 was also an interesting one.
CBSH Company Profile
Commerce Bancshares, Inc., incorporated on August 4, 1966, is a bank holding firm of Commerce Bank (the Bank). The Bank is engaged in general banking business, providing a range of retail, corporate, investment, trust and asset management services and products to individuals and businesses. The Firm operates through three divisions: Consumer, Commercial and Wealth. The Firm also owns, directly or through the Bank, various non-banking subsidiaries. The Company’s activities include private equity investment, securities brokerage, insurance agency, mortgage banking, and leasing activities.
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