Media headlines about Commerce Bancshares (NASDAQ:CBSH) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Commerce Bancshares earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 46.208785623801 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news stories that may have effected Accern’s scoring:
- Commerce Bancshares (CBSH) Down 2.6% Since Earnings Report: Can It Rebound? (finance.yahoo.com)
- Head-To-Head Contrast: Commerce Bancshares (CBSH) versus Its Peers (americanbankingnews.com)
- Bank names new market leader (bizjournals.com)
- Commerce Bancshares (CBSH) Shares Cross Below 200 DMA (nasdaq.com)
Shares of Commerce Bancshares (NASDAQ:CBSH) traded up $0.66 during trading on Tuesday, reaching $55.84. 301,000 shares of the company were exchanged, compared to its average volume of 395,312. The company has a market cap of $5,640.00, a PE ratio of 19.57, a price-to-earnings-growth ratio of 3.06 and a beta of 0.79. Commerce Bancshares has a 52 week low of $51.90 and a 52 week high of $60.61. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.04.
Commerce Bancshares (NASDAQ:CBSH) last announced its quarterly earnings results on Thursday, October 12th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.03). The firm had revenue of $304.83 million during the quarter, compared to the consensus estimate of $317.28 million. Commerce Bancshares had a return on equity of 12.08% and a net margin of 23.93%. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.68 EPS. research analysts anticipate that Commerce Bancshares will post 2.91 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Investors of record on Thursday, November 30th will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend is Wednesday, November 29th. Commerce Bancshares’s payout ratio is 31.91%.
A number of brokerages have recently commented on CBSH. Zacks Investment Research upgraded shares of Commerce Bancshares from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a report on Tuesday, September 5th. Raymond James Financial, Inc. restated an “underperform” rating on shares of Commerce Bancshares in a report on Thursday, August 10th. Keefe, Bruyette & Woods restated a “sell” rating and set a $51.00 target price on shares of Commerce Bancshares in a report on Friday, September 15th. Jefferies Group LLC restated a “hold” rating and set a $61.00 target price on shares of Commerce Bancshares in a report on Friday, August 11th. Finally, UBS AG cut shares of Commerce Bancshares to an “underperform” rating in a report on Thursday, August 10th. Five analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $56.63.
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In other Commerce Bancshares news, insider V Raymond Stranghoener sold 6,399 shares of the company’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $58.40, for a total transaction of $373,701.60. Following the transaction, the insider now owns 47,112 shares in the company, valued at approximately $2,751,340.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John R. Capps sold 10,000 shares of the company’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $54.82, for a total transaction of $548,200.00. Following the transaction, the director now owns 12,828 shares in the company, valued at approximately $703,230.96. The disclosure for this sale can be found here. Insiders own 4.30% of the company’s stock.
Commerce Bancshares Company 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.
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