Nomura Holdings Inc. Takes Position in Commerce Bancshares, Inc. (CBSH)

Nomura Holdings Inc. acquired a new position in shares of Commerce Bancshares, Inc. (NASDAQ:CBSH) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,680 shares of the financial services provider’s stock, valued at approximately $432,000.

Several other hedge funds and other institutional investors have also bought and sold shares of CBSH. Clarus Wealth Advisors acquired a new position in shares of Commerce Bancshares during the 2nd quarter worth about $200,000. Segall Bryant & Hamill LLC acquired a new position in shares of Commerce Bancshares during the 1st quarter worth about $204,000. Cullen Frost Bankers Inc. acquired a new position in shares of Commerce Bancshares during the 2nd quarter worth about $206,000. Natixis acquired a new position in shares of Commerce Bancshares during the 2nd quarter worth about $207,000. Finally, Martingale Asset Management L P acquired a new position in shares of Commerce Bancshares during the 2nd quarter worth about $212,000. 64.76% of the stock is owned by institutional investors and hedge funds.

In other news, Director Jonathan M. Kemper sold 45,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $71.35, for a total value of $3,210,750.00. Following the sale, the director now directly owns 902,348 shares in the company, valued at approximately $64,382,529.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Paula S. Petersen sold 838 shares of the company’s stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $71.72, for a total value of $60,101.36. Following the completion of the sale, the insider now owns 17,698 shares in the company, valued at $1,269,300.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 69,931 shares of company stock worth $4,920,470. Corporate insiders own 4.00% of the company’s stock.

Several equities analysts recently weighed in on the company. BidaskClub cut Commerce Bancshares from a “buy” rating to a “hold” rating in a research report on Wednesday, August 1st. Morgan Stanley upped their price target on Commerce Bancshares from $60.00 to $63.00 and gave the company an “underweight” rating in a report on Tuesday, July 17th. Stephens reaffirmed a “hold” rating and issued a $65.00 price target on shares of Commerce Bancshares in a report on Thursday, July 12th. ValuEngine raised Commerce Bancshares from a “hold” rating to a “buy” rating in a report on Tuesday, June 5th. Finally, Zacks Investment Research raised Commerce Bancshares from a “hold” rating to a “strong-buy” rating and set a $78.00 price target for the company in a report on Tuesday, July 17th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. Commerce Bancshares currently has an average rating of “Hold” and a consensus target price of $65.22.

Commerce Bancshares stock opened at $66.71 on Thursday. The company has a market capitalization of $7.25 billion, a price-to-earnings ratio of 20.32, a PEG ratio of 2.02 and a beta of 0.65. Commerce Bancshares, Inc. has a 12 month low of $54.24 and a 12 month high of $72.55.

Commerce Bancshares (NASDAQ:CBSH) last posted its quarterly earnings results on Thursday, July 12th. The financial services provider reported $1.01 EPS for the quarter, beating the consensus estimate of $0.89 by $0.12. The firm had revenue of $335.81 million during the quarter, compared to analysts’ expectations of $319.25 million. Commerce Bancshares had a return on equity of 14.24% and a net margin of 28.84%. During the same quarter in the prior year, the firm posted $0.71 EPS. equities research analysts expect that Commerce Bancshares, Inc. will post 3.88 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 24th. Stockholders of record on Friday, September 7th were paid a $0.235 dividend. The ex-dividend date was Thursday, September 6th. This represents a $0.94 annualized dividend and a dividend yield of 1.41%. Commerce Bancshares’s dividend payout ratio is currently 33.94%.

About Commerce Bancshares

Commerce Bancshares, Inc operates as the holding company for Commerce Bank that provides retail, mortgage banking, corporate, investment, trust, and asset management products and services to individuals and businesses. It operates through three segments: Consumer, Commercial, and Wealth. The Consumer segment offers various banking products and services, including consumer deposits; consumer loans, such as automobile, motorcycle, marine, tractor/trailer, recreational vehicle, fixed rate and revolving home equity, and other consumer loans; patient health care financing; real estate loans; indirect and other consumer financing; personal mortgage banking; consumer installment lending; and consumer debit and credit bank cards, as well as provides online, mobile, and telephone banking services.

Featured Story: How to Invest in Growth Stocks

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

Receive News & Ratings for Commerce Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Commerce Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply