As Commerce Bancshares INC (CBSH) Stock Declined, Holder Commerce Bank Cut Its Holding

December 20, 2017 - By Clifton Ray

Investors sentiment increased to 1.2 in Q2 2017. Its up 0.10, from 1.1 in 2017Q1. It improved, as 26 investors sold CBSH shares while 73 reduced holdings. 22 funds opened positions while 97 raised stakes. 62.51 million shares or 0.76% more from 62.04 million shares in 2017Q1 were reported. Oregon Public Employees Retirement Fund owns 31,926 shares or 0.03% of their US portfolio. Mutual Of America Mngmt Ltd Limited Liability Company has 0.08% invested in Commerce Bancshares, Inc. (NASDAQ:CBSH) for 79,011 shares. Pennsylvania-based Janney Montgomery Scott Limited Company has invested 0% in Commerce Bancshares, Inc. (NASDAQ:CBSH). The Connecticut-based Aqr Capital Management Lc has invested 0.09% in Commerce Bancshares, Inc. (NASDAQ:CBSH). Monetary Mgmt Gru reported 0.03% of its portfolio in Commerce Bancshares, Inc. (NASDAQ:CBSH). Dimensional Fund LP holds 0.02% of its portfolio in Commerce Bancshares, Inc. (NASDAQ:CBSH) for 924,115 shares. Cornerstone Capital Holdg Limited Liability stated it has 77,837 shares or 0.03% of all its holdings. Stratos Wealth Prtnrs Limited reported 44,742 shares stake. Great Lakes Ltd Liability holds 0.03% or 23,398 shares. Speece Thorson Grp Incorporated reported 1.76% stake. Prudential Financial Inc holds 0.01% or 107,842 shares. Jacobs Levy Equity, New Jersey-based fund reported 127,720 shares. Victory Mgmt Inc owns 29,862 shares. Public Employees Retirement System Of Ohio accumulated 36,754 shares. 1,977 are held by Brown Brothers Harriman And.

Since August 30, 2017, it had 0 buys, and 3 selling transactions for $3.95 million activity. Shares for $3.03M were sold by KEMPER JONATHAN M. CAPPS JOHN R sold $548,204 worth of stock.

Commerce Bank decreased its stake in Commerce Bancshares Inc (CBSH) by 1.49% based on its latest 2017Q2 regulatory filing with the SEC. Commerce Bank sold 107,356 shares as the company’s stock declined 8.46% while stock markets rallied. The institutional investor held 7.07 million shares of the finance company at the end of 2017Q2, valued at $402.03 million, down from 7.18M at the end of the previous reported quarter. Commerce Bank who had been investing in Commerce Bancshares Inc for a number of months, seems to be less bullish one the $5.71B market cap company. The stock decreased 0.04% or $0.02 during the last trading session, reaching $56.48. About 386,187 shares traded. Commerce Bancshares, Inc. (NASDAQ:CBSH) has risen 19.51% since December 20, 2016 and is uptrending. It has outperformed by 2.81% the S&P500.

Commerce Bank, which manages about $7.13B US Long portfolio, upped its stake in Unitedhealth Group Inc (NYSE:UNH) by 87,704 shares to 160,355 shares, valued at $29.73M in 2017Q2, according to the filing. It also increased its holding in Oneok Inc New (NYSE:OKE) by 176,020 shares in the quarter, for a total of 256,965 shares, and has risen its stake in Vanguard Tax Managed Intl Fd (VEA).

Analysts await Commerce Bancshares, Inc. (NASDAQ:CBSH) to report earnings on January, 17. They expect $0.71 earnings per share, up 9.23 % or $0.06 from last year’s $0.65 per share. CBSH’s profit will be $71.74M for 19.89 P/E if the $0.71 EPS becomes a reality. After $0.68 actual earnings per share reported by Commerce Bancshares, Inc. for the previous quarter, Wall Street now forecasts 4.41 % EPS growth.

More news for Commerce Bancshares, Inc. (NASDAQ:CBSH) were recently published by: Bizjournals.com, which released: “How this out-of-town player is ready to rebound after losing its chief” on December 01, 2017. Streetinsider.com‘s article titled: “Form 4 COMMERCE BANCSHARES INC For: Dec 11 Filed by: KEMPER JONATHAN M” and published on December 13, 2017 is yet another important article.

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

Among 8 analysts covering Commerce Bancshares (NASDAQ:CBSH), 0 have Buy rating, 3 Sell and 5 Hold. Therefore 0 are positive. Commerce Bancshares has $62.0 highest and $40 lowest target. $53.33’s average target is -5.58% below currents $56.48 stock price. Commerce Bancshares had 25 analyst reports since October 15, 2015 according to SRatingsIntel. The stock of Commerce Bancshares, Inc. (NASDAQ:CBSH) has “Sell” rating given on Monday, June 12 by Keefe Bruyette & Woods. The firm has “Hold” rating by Piper Jaffray given on Friday, October 6. The stock of Commerce Bancshares, Inc. (NASDAQ:CBSH) has “Underperform” rating given on Thursday, August 10 by Raymond James. Keefe Bruyette & Woods maintained it with “Sell” rating and $51.0 target in Friday, September 15 report. The stock of Commerce Bancshares, Inc. (NASDAQ:CBSH) earned “Neutral” rating by Piper Jaffray on Monday, July 11. The stock of Commerce Bancshares, Inc. (NASDAQ:CBSH) earned “Hold” rating by Jefferies on Friday, June 9. The stock of Commerce Bancshares, Inc. (NASDAQ:CBSH) earned “Sell” rating by Keefe Bruyette & Woods on Wednesday, December 6. The stock of Commerce Bancshares, Inc. (NASDAQ:CBSH) has “Hold” rating given on Thursday, October 15 by Jefferies. The rating was maintained by Jefferies on Friday, September 15 with “Hold”. Keefe Bruyette & Woods maintained the shares of CBSH in report on Monday, August 14 with “Sell” rating.

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