News coverage about Commerce Bancshares (NASDAQ:CBSH) has trended somewhat positive on Saturday, Accern Sentiment reports. The research group ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. 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 0.23 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 47.6042840529352 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- Commerce Bancshares, Inc. (CBSH) Insider John W. Kemper Sells 78,359 Shares (americanbankingnews.com)
- $0.79 EPS Expected for Commerce Bancshares, Inc. (CBSH) This Quarter (americanbankingnews.com)
- Commerce Bancshares, Inc. (CBSH) to Participate in KBW Winter Financial Services Conference, February 8-9, 2018 (finance.yahoo.com)
- HSBC (HSBC) and Commerce Bancshares (CBSH) Head-To-Head Survey (americanbankingnews.com)
Shares of Commerce Bancshares (NASDAQ:CBSH) opened at $56.89 on Friday. Commerce Bancshares has a twelve month low of $51.90 and a twelve month high of $60.61. The company has a market capitalization of $5,965.11, a P/E ratio of 19.63, a P/E/G ratio of 2.10 and a beta of 0.77.
The business also recently announced a quarterly dividend, which will be paid on Monday, March 26th. Investors of record on Friday, March 9th will be issued a $0.235 dividend. The ex-dividend date is Thursday, March 8th. This is a boost from Commerce Bancshares’s previous quarterly dividend of $0.23. This represents a $0.94 annualized dividend and a yield of 1.65%. Commerce Bancshares’s dividend payout ratio is presently 31.05%.
Several analysts have recently weighed in on the company. Barclays restated a “hold” rating and set a $63.00 price target on shares of Commerce Bancshares in a report on Sunday, January 21st. Keefe, Bruyette & Woods restated a “sell” rating and set a $54.00 price target on shares of Commerce Bancshares in a report on Friday, January 19th. BidaskClub cut Commerce Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, January 30th. Zacks Investment Research upgraded Commerce Bancshares from a “hold” rating to a “buy” rating and set a $63.00 target price on the stock in a report on Monday, January 8th. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $58.00 target price on shares of Commerce Bancshares in a report on Tuesday, January 9th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $57.13.
In other Commerce Bancshares news, insider John W. Kemper sold 78,359 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $57.45, for a total transaction of $4,501,724.55. Following the transaction, the insider now directly owns 1,284,021 shares in the company, valued at approximately $73,767,006.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Sara E. Foster sold 3,361 shares of the stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $58.69, for a total value of $197,257.09. Following the transaction, the executive vice president now owns 50,898 shares in the company, valued at $2,987,203.62. The disclosure for this sale can be found here. Insiders have sold a total of 171,298 shares of company stock worth $9,758,949 over the last 90 days. Company insiders own 4.30% of the company’s stock.
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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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