Commerce Bancshares (NASDAQ:CBSH) is scheduled to be issuing its quarterly earnings data on Thursday, January 18th. Analysts expect the company to announce earnings of $0.75 per share for the quarter.
Commerce Bancshares (NASDAQ:CBSH) last issued its quarterly earnings data on Thursday, October 12th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by ($0.03). The company had revenue of $304.83 million during the quarter, compared to analyst estimates of $317.28 million. Commerce Bancshares had a net margin of 23.93% and a return on equity of 12.08%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the firm earned $0.68 EPS. On average, analysts expect Commerce Bancshares to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Commerce Bancshares (NASDAQ CBSH) opened at $55.73 on Tuesday. The stock has a market capitalization of $5,985.61, a PE ratio of 20.75, a PEG ratio of 3.05 and a beta of 0.80. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.04. Commerce Bancshares has a fifty-two week low of $51.90 and a fifty-two week high of $60.61.
In other Commerce Bancshares news, insider V Raymond Stranghoener sold 6,399 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $58.40, for a total transaction of $373,701.60. Following the completion of the sale, the insider now directly owns 47,112 shares in the company, valued at approximately $2,751,340.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Vice Chairman Jonathan M. Kemper sold 55,000 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $55.06, for a total value of $3,028,300.00. The disclosure for this sale can be found here. 4.30% of the stock is owned by insiders.
CBSH has been the subject of several analyst reports. Zacks Investment Research cut Commerce Bancshares from a “buy” rating to a “hold” rating in a report on Monday, September 18th. Piper Jaffray Companies restated a “neutral” rating and issued a $60.00 price target on shares of Commerce Bancshares in a research note on Friday, October 6th. BidaskClub upgraded Commerce Bancshares from a “strong sell” rating to a “sell” rating in a research note on Friday, December 22nd. Keefe, Bruyette & Woods restated a “sell” rating and issued a $51.00 price target on shares of Commerce Bancshares in a research note on Friday, September 15th. Finally, Barclays lifted their price target on Commerce Bancshares from $55.00 to $59.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. Five investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $56.50.
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About Commerce Bancshares
Commerce Bancshares, Inc is a bank holding company of Commerce Bank (the Bank). The Bank is engaged in general banking business, providing a range of retail, mortgage banking, corporate, investment, trust and asset management products and services to individuals and businesses. The Company operates through three segments: Consumer, Commercial and Wealth.
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