Commerce Bancshares Inc Sentiment Worsening on Bad Stock Potential, Now at 1.07

June 29, 2018 - By Tracy Fowler

Commerce Bancshares, Inc. (NASDAQ:CBSH) Corporate Logo

Commerce Bancshares Inc’s Sentiment

In Q1 2018 Commerce Bancshares Inc (NASDAQ:CBSH) big money sentiment decreased to 1.07, SEC.gov filings reveal. That’s down -1.64, from 2017Q4’s 2.71. 115 institutional investors started new or increased equity positions, while 107 sold and trimmed stakes in Commerce Bancshares Inc so the sentiment worsened. Funds own 67.86 million shares, up from 65.55 million shares in 2017Q4. Funds holding Commerce Bancshares Inc in top 10 changed to 1 from 1 for the same number . In total 16 funds closed positions, 91 reduced and 81 increased. Also 34 funds bought new Commerce Bancshares Inc stakes.

Most Commerce Bancshares Inc Investors

Commerce Bank owns 7.13 million shares in Commerce Bancshares Inc as of Q1 2018. As of Q1 2018, 230,627 shares of Commerce Bancshares Inc are owned by Vigilant Capital Management Llc. Also, Mountain Pacific Investment Advisers Inc Id reported 300,883 shares in Commerce Bancshares Inc equivalent to 1.86% of its fund portfolio. Speece Thorson Capital Group Inc revealed 150,323 shares position in Commerce Bancshares Inc. The Illinois-based fund Dearborn Partners Llc looks positive on Commerce Bancshares Inc, having 359,661 shares.

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 $6.98 billion market cap. It operates through three divisions: Consumer, Commercial, and Wealth.The P/E ratio is 20.68. 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 increased 1.16% or $0.75 during the last trading session, hitting $65.52.Currently Commerce Bancshares, Inc. is uptrending after 25.07% change in last June 29, 2017. CBSH has 148,933 shares volume. CBSH outperformed by 12.50% the S&P 500.

On July, 12 Commerce Bancshares, Inc. (NASDAQ:CBSH)’s earnings report is expected by WallStreet, as reported by RTT. Analysts predict $0.88 EPS. That’s $0.17 up or 23.94 % from 2017’s earnings of $0.71. The profit will be $93.80 million for CBSH if $0.88 EPS becomes true. Wall Street now forecasts -4.35 % negative EPS growth despite Commerce Bancshares, Inc. previous quarter’s EPS of $0.92.

Swiss Financial Bank invested 0.01% in Commerce Bancshares, Inc. (NASDAQ:CBSH). Lazard Asset Management Limited Liability Co accumulated 0.31% or 2.78 million shs. Bb&T holds 56,853 shs or 0.06% of its capital. Aviva Public Limited Liability Co reported 47,511 shs. Parkside Retail Bank & reported 7,102 shs. Smith Moore & reported 0.17% stake. Bkd Wealth Advisors Limited Co invested 0.02% of its capital in Commerce Bancshares, Inc. (NASDAQ:CBSH). State Board Of Administration Of Florida Retirement System accumulated 155,700 shs. Brandywine Investment Mngmt Lc has invested 0.03% in Commerce Bancshares, Inc. (NASDAQ:CBSH). Kwmg Ltd Liability Com owns 5,378 shs. Thrivent For Lutherans holds 21,246 shs. Baystate Wealth Mngmt Ltd Company holds 0% or 6 shs in its capital. Wells Fargo & Co Mn invested in 0.02% or 966,800 shs. National Bank Of The Ozarks has invested 0.5% in Commerce Bancshares, Inc. (NASDAQ:CBSH). Wesbanco Bancorporation reported 7,331 shs or 0.02% of all its holdings.

Commerce Bancshares, Inc. had 29 sales and 0 insider purchases since January 29, 2018. This’s net activity of $23.34 million. KEMPER JONATHAN M also sold $4.50 million worth of Commerce Bancshares, Inc. (NASDAQ:CBSH) on Wednesday, February 7. On Monday, February 12 PETRIE MICHAEL J sold $35,308 worth of Commerce Bancshares, Inc. (NASDAQ:CBSH) or 618 shs. The insider Callahan Daniel D. sold $66,549. Shares for $93,165 were sold by FOSTER SARA E. 78,359 shs valued at $4.50M were sold by KEMPER DAVID W on Wednesday, February 7. Another trade for 78,359 shs valued at $4.50M was made by Kemper John W on Wednesday, February 7.

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

In total 11 analysts cover Commerce Bancshares Inc (NASDAQ:CBSH). “Buy” rating has 0, “Sell” are 2, while 9 are “Hold”. 0 are bullish. 16 are the (NASDAQ:CBSH)’s analyst reports since January 2, 2018 according to StockzIntelligence Inc. The stock rating was maintained by Piper Jaffray with “Hold” on Sunday, April 15. The stock rating was downgraded by Bank of America to “Sell” on Tuesday, May 15. In Thursday, April 12 report Keefe Bruyette & Woods maintained it with “Hold” rating and $6400 target. On Tuesday, January 2 the firm has “Hold” rating by Barclays Capital given. On Monday, February 26 the company was upgraded by Keefe Bruyette & Woods. On Tuesday, February 27 the firm has “Market Perform” rating by Wood given. The stock rating was upgraded by Raymond James to “Hold” on Tuesday, April 10. On Tuesday, June 26 the firm earned “Market Perform” rating by Wells Fargo. On Friday, January 19 the firm has “Hold” rating by Stephens given. On Tuesday, April 17 Morgan Stanley maintained Commerce Bancshares, Inc. (NASDAQ:CBSH) with “Underweight” rating.

For more Commerce Bancshares, Inc. (NASDAQ:CBSH) news posted recently go to: Bizjournals.com, Nasdaq.com, Streetinsider.com, Bizjournals.com or Businesswire.com. The titles are as follows: “This is how much a typical worker makes at Sprint, 9 other big KC public companies” posted on June 27, 2018, “New Research: Key Drivers of Growth for Webster Financial, Chimerix, Commerce Bancshares, Teligent, Pinnacle …” on June 29, 2018, “Commerce Bancshares (CBSH) PT Raised to $64 at FIG Partners” with a publish date: June 05, 2018, “As another Kemper steps down, Commerce Bank shuffles its leadership” and the last “Commerce Bancshares, Inc. to Participate in Morgan Stanley’s Financials Conference, June 12-13, 2018” with publication date: June 08, 2018.

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

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