Wealth Alliance Advisory Group LLC Boosts Holdings in Commerce Bancshares, Inc. (NASDAQ:CBSH)

Wealth Alliance Advisory Group LLC raised its position in Commerce Bancshares, Inc. (NASDAQ:CBSH) by 5.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 6,661 shares of the financial services provider’s stock after acquiring an additional 317 shares during the period. Wealth Alliance Advisory Group LLC’s holdings in Commerce Bancshares were worth $415,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in CBSH. V Square Quantitative Management LLC purchased a new stake in Commerce Bancshares in the 3rd quarter valued at approximately $26,000. Allworth Financial LP boosted its stake in shares of Commerce Bancshares by 51.1% in the third quarter. Allworth Financial LP now owns 568 shares of the financial services provider’s stock valued at $34,000 after buying an additional 192 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Commerce Bancshares in the third quarter valued at approximately $39,000. True Wealth Design LLC purchased a new position in Commerce Bancshares in the third quarter worth $47,000. Finally, Farther Finance Advisors LLC lifted its holdings in Commerce Bancshares by 48.2% in the third quarter. Farther Finance Advisors LLC now owns 882 shares of the financial services provider’s stock valued at $52,000 after acquiring an additional 287 shares during the period. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Kevin G. Barth sold 1,582 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $67.54, for a total transaction of $106,848.28. Following the completion of the sale, the executive vice president now owns 65,409 shares of the company’s stock, valued at approximately $4,417,723.86. This represents a 2.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Douglas D. Neff sold 888 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $72.10, for a total transaction of $64,024.80. Following the completion of the transaction, the senior vice president now owns 8,038 shares in the company, valued at $579,539.80. The trade was a 9.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 39,398 shares of company stock valued at $2,504,665 in the last 90 days. 3.10% of the stock is currently owned by insiders.

Commerce Bancshares Stock Performance

Shares of CBSH opened at $64.85 on Friday. Commerce Bancshares, Inc. has a 1 year low of $47.09 and a 1 year high of $72.75. The company’s 50 day simple moving average is $67.18 and its 200 day simple moving average is $63.41. The company has a market capitalization of $8.32 billion, a price-to-earnings ratio of 16.89, a PEG ratio of 3.38 and a beta of 0.79.

Commerce Bancshares (NASDAQ:CBSH) last posted its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.07. The business had revenue of $421.38 million for the quarter, compared to analysts’ expectations of $412.85 million. Commerce Bancshares had a return on equity of 15.93% and a net margin of 24.15%. Equities analysts expect that Commerce Bancshares, Inc. will post 3.92 EPS for the current fiscal year.

Commerce Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend was Tuesday, December 3rd. Commerce Bancshares’s dividend payout ratio (DPR) is 28.13%.

Wall Street Analysts Forecast Growth

CBSH has been the subject of a number of research analyst reports. Raymond James downgraded shares of Commerce Bancshares from an “outperform” rating to a “market perform” rating in a report on Thursday, December 19th. Wells Fargo & Company boosted their target price on Commerce Bancshares from $62.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 3rd. Morgan Stanley cut Commerce Bancshares from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $66.00 to $64.00 in a research report on Monday, September 30th. Keefe, Bruyette & Woods boosted their price objective on shares of Commerce Bancshares from $66.00 to $78.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Finally, StockNews.com upgraded shares of Commerce Bancshares from a “sell” rating to a “hold” rating in a research report on Monday, January 13th. Seven equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $66.75.

Commerce Bancshares Profile

Commerce Bancshares, Inc operates as the bank holding company for Commerce Bank that provides retail, mortgage banking, corporate, investment, trust, and asset management products and services to individuals and businesses in the United States. It operates through three segments: Consumer, Commercial, and Wealth.