SG Americas Securities LLC Acquires 12,468 Shares of Commerce Bancshares, Inc. (CBSH)

SG Americas Securities LLC lifted its holdings in Commerce Bancshares, Inc. (NASDAQ:CBSH) by 178.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 19,436 shares of the financial services provider’s stock after acquiring an additional 12,468 shares during the quarter. SG Americas Securities LLC’s holdings in Commerce Bancshares were worth $1,085,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Bank of Montreal Can boosted its stake in Commerce Bancshares by 2.5% in the 4th quarter. Bank of Montreal Can now owns 35,974 shares of the financial services provider’s stock worth $2,009,000 after purchasing an additional 866 shares in the last quarter. Stratos Wealth Partners LTD. boosted its stake in Commerce Bancshares by 2.1% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 45,688 shares of the financial services provider’s stock worth $2,639,000 after purchasing an additional 946 shares in the last quarter. Archford Capital Strategies LLC boosted its stake in Commerce Bancshares by 25.3% in the 3rd quarter. Archford Capital Strategies LLC now owns 5,003 shares of the financial services provider’s stock worth $289,000 after purchasing an additional 1,011 shares in the last quarter. CENTRAL TRUST Co boosted its stake in Commerce Bancshares by 5.8% in the 4th quarter. CENTRAL TRUST Co now owns 26,074 shares of the financial services provider’s stock worth $1,456,000 after purchasing an additional 1,436 shares in the last quarter. Finally, Speece Thorson Capital Group Inc. boosted its stake in Commerce Bancshares by 1.1% in the 3rd quarter. Speece Thorson Capital Group Inc. now owns 150,323 shares of the financial services provider’s stock worth $8,684,000 after purchasing an additional 1,607 shares in the last quarter. 59.77% of the stock is currently owned by hedge funds and other institutional investors.

Commerce Bancshares, Inc. (CBSH) opened at $58.89 on Thursday. The stock has a market cap of $6,280.00, a PE ratio of 20.38, a price-to-earnings-growth ratio of 2.14 and a beta of 0.77. Commerce Bancshares, Inc. has a one year low of $49.43 and a one year high of $59.72.

Commerce Bancshares (NASDAQ:CBSH) last posted its earnings results on Thursday, January 18th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.03. The business had revenue of $314.22 million for the quarter, compared to analysts’ expectations of $312.98 million. Commerce Bancshares had a net margin of 25.27% and a return on equity of 12.22%. equities analysts forecast that Commerce Bancshares, Inc. will post 3.36 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, March 26th. Shareholders of record on Friday, March 9th will be paid a dividend of $0.235 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $0.94 annualized dividend and a yield of 1.60%. This is a boost from Commerce Bancshares’s previous quarterly dividend of $0.23. Commerce Bancshares’s dividend payout ratio is currently 31.14%.

CBSH has been the topic of a number of analyst reports. BidaskClub cut shares of Commerce Bancshares from a “sell” rating to a “strong sell” rating in a research note on Saturday, December 16th. Zacks Investment Research cut shares of Commerce Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Barclays reiterated a “hold” rating and issued a $55.00 price target on shares of Commerce Bancshares in a research note on Sunday, December 24th. Piper Jaffray Companies reiterated a “hold” rating and issued a $58.00 price target on shares of Commerce Bancshares in a research note on Tuesday, January 9th. Finally, Keefe, Bruyette & Woods reiterated a “sell” rating and issued a $54.00 price target on shares of Commerce Bancshares in a research note on Friday, January 19th. Four equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Commerce Bancshares has an average rating of “Hold” and an average price target of $57.13.

In other Commerce Bancshares news, Vice Chairman Jonathan M. Kemper sold 55,000 shares of the company’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $55.06, for a total transaction of $3,028,300.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman David W. Kemper sold 22,988 shares of the company’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $58.81, for a total transaction of $1,351,924.28. Following the transaction, the chairman now owns 1,307,009 shares in the company, valued at approximately $76,865,199.29. The disclosure for this sale can be found here. Insiders have sold a total of 187,452 shares of company stock worth $10,692,049 in the last 90 days. Company insiders own 4.30% of the company’s stock.

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Commerce Bancshares Profile

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.

Want to see what other hedge funds are holding CBSH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Commerce Bancshares, Inc. (NASDAQ:CBSH).

Institutional Ownership by Quarter for Commerce Bancshares (NASDAQ:CBSH)

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