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

May 16, 2018 - By Alberta Moore

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 bought stakes and 163 increased stakes. Investors holded 62.31 million in 2017Q3 but now own 65.55 million shares or 5.20% more.

Td Asset Management stated it has 43,206 shs or 0% of all its holdings. Rafferty Asset Management Limited Company owns 22,738 shs or 0.02% of their US capital. Lpl Limited Liability Corp invested in 7,373 shs or 0% of the stock. Retirement System Of Alabama has invested 0.06% of its capital in Commerce Bancshares, Inc. (NASDAQ:CBSH). Teachers Retirement Of The State Of Kentucky, Kentucky-based fund reported 20,270 shs. Proshare Advsrs Limited Liability Corp has 0.08% invested in Commerce Bancshares, Inc. (NASDAQ:CBSH). Advantus Cap Mngmt accumulated 11,566 shs or 0.02% of the stock. Teacher Retirement Of Texas reported 0.01% stake. Gw Henssler & Associate Limited reported 4,771 shs or 0.02% of all its holdings. Great Lakes Advisors Lc owns 22,691 shs. Johnson Fincl Group reported 0% in Commerce Bancshares, Inc. (NASDAQ:CBSH). Cibc Asset invested 0% of its capital in Commerce Bancshares, Inc. (NASDAQ:CBSH). Moreover, Lazard Asset Mngmt Ltd Liability has 0.17% invested in Commerce Bancshares, Inc. (NASDAQ:CBSH) for 1.64 million shs. Northwestern Mutual Wealth Communication owns 0% invested in Commerce Bancshares, Inc. (NASDAQ:CBSH) for 4,296 shs. Kings Point Mngmt owns 472 shs for 0.01% of their capital.

Commerce Bancshares, Inc. registered $22.87 million net activity with 0 insider purchases and 27 insider sales since December 11, 2017. $48,650 worth of stock was sold by Kellerhals Patricia R on Monday, March 12. The insider KEMPER DAVID W sold 78,359 shs worth $4.50M. Another trade for 5,963 shs valued at $348,209 was made by KIM CHARLES G on Monday, February 12. KEMPER JONATHAN M sold $4.50M worth of Commerce Bancshares, Inc. (NASDAQ:CBSH) or 78,359 shs on Wednesday, February 7. FOSTER SARA E also sold $93,165 worth of Commerce Bancshares, Inc. (NASDAQ:CBSH) on Tuesday, April 17. 1,090 shs were sold by Callahan Daniel D., worth $62,074.

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

The shares rating of Commerce Bancshares (CBSH) was downgraded to “Underperform” from “Neutral” by research analysts at BofA Merrill. On Tuesday, 15 May the decrease was published in a research note.

CBSH reached $64.89 during the last trading session after $0.19 change.Currently Commerce Bancshares, Inc. is uptrending after 12.72% change in last May 16, 2017. CBSH has also 72,886 shares volume. The stock outperformed the S&P500 by 1.17%.

Investors wait Commerce Bancshares, Inc. (NASDAQ:CBSH)’s quarterly earnings on July, 12., as reported by RTT. Analysts forecast $0.88 earnings per share, which is $0.17 up or 23.94 % from 2017’s $0.71 earnings per share. If reported the P/E will be 18.43 with $93.80 million profit. -4.35 % negative EPS growth is what Wall Street’s forecasts after $0.92 reported EPS 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 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 published 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 published on April 24, 2018. The next is “Commerce Bancshares Announces Annual Shareholders Meeting Available by Webcast” on April 17, 2018. And last was published 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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