Commerce Bancshares (CBSH) Had “Underperform” Changed By BofA Merrill.

May 16, 2018 - By Samuel McNeil

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

During 2017 Q4 the big money sentiment increased to 2.71. That’s change of 1.28, from 2017Q3’s 1.43. 25 investors sold all, 47 reduced holdings as Commerce Bancshares, Inc. ratio increased. 163 grew stakes while 32 funds bought stakes. Funds hold 65.55 million shares thus 5.20% more from 2017Q3’s 62.31 million shares.

State Of Alaska Department Of Revenue reported 0.01% of its capital in Commerce Bancshares, Inc. (NASDAQ:CBSH). Gw Henssler Assocs holds 4,771 shs. Mutual Of America Mngmt Lc reported 0.06% stake. Matarin Ltd Limited Liability Company holds 0.02% or 5,517 shs in its capital. Campbell & Co Investment Adviser Ltd Co, Maryland-based fund reported 4,239 shs. 81,771 are held by Bnp Paribas Arbitrage. Aviva Plc invested in 54,314 shs. Mountain Pacific Advisers Id holds 1.77% of its capital in Commerce Bancshares, Inc. (NASDAQ:CBSH) for 301,751 shs. State Teachers Retirement Sys owns 165,864 shs or 0.02% of their US capital. The New York-based Tiaa Cref Invest Ltd Llc has invested 0.01% in Commerce Bancshares, Inc. (NASDAQ:CBSH). Bbva Compass Bancorp reported 8,253 shs. Mcf Advsr Ltd Liability reported 1,102 shs. Third Avenue Mgmt Ltd Com holds 0.29% in Commerce Bancshares, Inc. (NASDAQ:CBSH) or 108,051 shs. Vanguard Gru Incorporated holds 9.18M shs or 0.02% of its capital. Plancorp Limited Company reported 13,978 shs.

Commerce Bancshares, Inc. had 27 sales and 0 insider purchases since December 11, 2017. This’s net activity of $22.87 million. KEMPER DAVID W had sold 7,315 shs worth $419,741 on Monday, February 12. On Tuesday, April 17 $66,549 worth of Commerce Bancshares, Inc. (NASDAQ:CBSH) was sold by Callahan Daniel D.. On Monday, February 12 KIM CHARLES G had sold 5,963 shs worth $348,209. FOSTER SARA E sold $93,165 worth of stock or 1,472 shs. Another trade for 798 shs valued at $48,650 was sold by Kellerhals Patricia R. On Wednesday, February 7 Shares for $4.50M were sold by Kemper John W.

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

The new “Underperform” rating of CBSH was published in an analyst note. BofA Merrill cut the rating from “Neutral” on Tuesday morning.

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

On July, 12 is anticipated Commerce Bancshares, Inc. (NASDAQ:CBSH)’s earnings report, as reported by Faxor. EPS of $0.88 is 23.94 % up from 2017’s $0.71 EPS. If the current EPS of $0.88 is accurate, CBSH’s profit could hit $93.80M. Last quarter $0.92 EPS was reported. Analysts forecasts -4.35 % negative EPS growth this 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 valued at $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 released by Investorplace.com, Businesswire.com and Benzinga.com. The first one has “5 Top-Ranked Stocks From Sectors Unfazed by Rising Yields” as a title and was released on April 24, 2018. The next is “Commerce Bancshares Announces Annual Shareholders Meeting Available by Webcast” on April 17, 2018. And last was released on May 07, 2018, called “Banking Stock Performance Review — Commerce Bancshares, Fifth Third, First Financial, and First Midwest”.

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

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