On May 16, 2018 BofA Merrill Cuts Commerce Bancshares (CBSH) Rating.

May 16, 2018 - By Sonya McDaniel

Commerce Bancshares, Inc. (NASDAQ:CBSH) Corporate Logo

Big Money Sentiment increased to 2.71 in Q4 2017. It has change of 1.28, from 2017Q3’s 1.43. The ratio is positive due to Commerce Bancshares, Inc. positioning: 25 sold and 47 reduced. 32 funds acquired holdings and 163 increased holdings. Investors holded 62.31 million in 2017Q3 but now own 65.55 million shares or 5.20% more.

Metropolitan Life Insur Co accumulated 0.02% or 26,895 shs. Moreover, Bokf Na has 0.03% invested in Commerce Bancshares, Inc. (NASDAQ:CBSH). Swiss Financial Bank invested in 163,430 shs. Country Club Tru Na accumulated 43,593 shs. Arizona State Retirement Systems owns 67,594 shs for 0.04% of their capital. Fmr Ltd Co holds 1.68M shs or 0.01% of its capital. Blb&B Advsr Limited Liability holds 0.11% or 13,975 shs in its capital. Country Trust Financial Bank stated it has 0.01% in Commerce Bancshares, Inc. (NASDAQ:CBSH). Fuller And Thaler Asset Management Incorporated invested 0% of its capital in Commerce Bancshares, Inc. (NASDAQ:CBSH). Regions Fin Corp invested 0.01% in Commerce Bancshares, Inc. (NASDAQ:CBSH). United Kingdom-based Aviva Public Ltd Company has invested 0.02% in Commerce Bancshares, Inc. (NASDAQ:CBSH). The Iowa-based Principal Group Incorporated has invested 0.02% in Commerce Bancshares, Inc. (NASDAQ:CBSH). Jag Cap Mgmt Lc holds 6,763 shs or 0.07% of its capital. Bank & Trust Of America Corporation De stated it has 0% in Commerce Bancshares, Inc. (NASDAQ:CBSH). Pinebridge Ltd Partnership holds 0.01% of its capital in Commerce Bancshares, Inc. (NASDAQ:CBSH) for 9,192 shs.

Commerce Bancshares, Inc. registered $22.87 million net activity with 0 buys and 27 selling transactions since December 11, 2017. The insider FOSTER SARA E sold 1,472 shs worth $93,165. On Monday, January 29 KEMPER DAVID W sold $1.35 million worth of Commerce Bancshares, Inc. (NASDAQ:CBSH) or 22,988 shs. Callahan Daniel D. sold $174,034 worth of Commerce Bancshares, Inc. (NASDAQ:CBSH) on Monday, January 29. Shares for $134,413 were sold by KIM CHARLES G on Tuesday, April 17. KEMPER JONATHAN M sold $2.04 million worth of Commerce Bancshares, Inc. (NASDAQ:CBSH) on Wednesday, February 21. On Friday, February 16 PETRIE MICHAEL J sold $36,374 worth of Commerce Bancshares, Inc. (NASDAQ:CBSH).

BofA Merrill Downgraded Commerce Bancshares (CBSH)’s Stock Rating to “Underperform”.

Commerce Bancshares (CBSH) has rating changed from “Neutral” to “Underperform” by BofA Merrill. The cut was published on Tuesday, 15 May.

Ticker’s shares touched $64.89 during the last trading session after 0.29% change.Commerce Bancshares, Inc. has volume of 72,886 shares. Since May 16, 2017 CBSH has risen 12.72% and is uptrending. CBSH outperformed by 1.17% the S&P500.

Earnings report for Commerce Bancshares, Inc. (NASDAQ:CBSH) is awaited on July, 12., according to Zacks. The earnings per share diference is $0.17 or 23.94 % up from last years number. Previous year: $0.71; Analysts forcast: $0.88. CBSH’s profit could hit $93.80 million if the current earnings per share of $0.88 is accurate. Analysts at Wall Street see Commerce Bancshares, Inc.’s -4.35 % negative EPS growth compared to $0.92 earnings per share for last quarter.

Commerce Bancshares, Inc. operates as the holding firm for Commerce Bank that provides retail, mortgage banking, corporate, investment, trust, and asset management services and products to individuals and businesses.The firm is worth $6.92 billion. It operates through three divisions: Consumer, Commercial, and Wealth.The P/E ratio is 20.48. The Consumer segment offers various banking services and products, 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.

More recent Commerce Bancshares, Inc. (NASDAQ:CBSH) news were announced by Benzinga.com, Investorplace.com and Businesswire.com. The first one has “Banking Stock Performance Review — Commerce Bancshares, Fifth Third, First Financial, and First Midwest” as a title and was announced on May 07, 2018. The next is “5 Top-Ranked Stocks From Sectors Unfazed by Rising Yields” on April 24, 2018. And last was announced on April 17, 2018, called “Commerce Bancshares Announces Annual Shareholders Meeting Available by Webcast”.

Commerce Bancshares, Inc. (NASDAQ:CBSH) Institutional Investors Chart

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