Commerce Bancshares (CBSH) Receives Media Sentiment Score of 0.19

Press coverage about Commerce Bancshares (NASDAQ:CBSH) has been trending somewhat positive on Monday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Commerce Bancshares earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 46.0675244982702 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:

Several equities research analysts have weighed in on CBSH shares. Zacks Investment Research cut shares of Commerce Bancshares from a “buy” rating to a “hold” rating in a research report on Thursday, August 31st. Keefe, Bruyette & Woods restated a “sell” rating and issued a $51.00 price objective on shares of Commerce Bancshares in a research report on Friday, September 15th. Piper Jaffray Companies restated a “neutral” rating and issued a $60.00 price objective on shares of Commerce Bancshares in a research report on Friday, October 6th. Finally, BidaskClub cut shares of Commerce Bancshares from a “sell” rating to a “strong sell” rating in a research report on Saturday. Six equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Commerce Bancshares currently has a consensus rating of “Sell” and an average price target of $56.63.

Shares of Commerce Bancshares (NASDAQ CBSH) traded up $0.74 during trading hours on Monday, hitting $56.50. 522,147 shares of the stock traded hands, compared to its average volume of 411,565. Commerce Bancshares has a 12 month low of $49.43 and a 12 month high of $57.91. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.68 and a current ratio of 0.68. The firm has a market cap of $6,030.00, a PE ratio of 20.76, a price-to-earnings-growth ratio of 3.25 and a beta of 0.80.

Commerce Bancshares (NASDAQ:CBSH) last issued its quarterly earnings results on Thursday, October 12th. The financial services provider reported $0.71 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.03). Commerce Bancshares had a return on equity of 12.08% and a net margin of 23.93%. The business had revenue of $304.83 million for the quarter, compared to analyst estimates of $317.28 million. During the same quarter in the prior year, the firm earned $0.68 EPS. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. sell-side analysts anticipate that Commerce Bancshares will post 2.77 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Wednesday, November 29th. Commerce Bancshares’s dividend payout ratio is 33.58%.

In other news, Vice Chairman Jonathan M. Kemper sold 55,000 shares of Commerce Bancshares stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $55.06, for a total transaction of $3,028,300.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider V Raymond Stranghoener sold 6,399 shares of Commerce Bancshares 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 sale, the insider now owns 47,112 shares of the company’s stock, valued at approximately $2,751,340.80. The disclosure for this sale can be found here. 4.30% of the stock is owned by insiders.

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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.

Insider Buying and Selling by Quarter for Commerce Bancshares (NASDAQ:CBSH)

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