Commerce Bancshares (CBSH) : Speece Thorson Capital Group Inc scooped up 3,816 additional shares in Commerce Bancshares during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 279,621 shares of Commerce Bancshares which is valued at $13,284,794.Commerce Bancshares makes up approximately 2.85% of Speece Thorson Capital Group Inc’s portfolio.
Other Hedge Funds, Including , Pggm Investments boosted its stake in CBSH in the latest quarter, The investment management firm added 34 additional shares and now holds a total of 79,671 shares of Commerce Bancshares which is valued at $3,785,169. Commerce Bancshares makes up approx 0.02% of Pggm Investments’s portfolio.Mountain Pacific Investment Advisers Incid boosted its stake in CBSH in the latest quarter, The investment management firm added 2,705 additional shares and now holds a total of 233,250 shares of Commerce Bancshares which is valued at $11,196,000. Commerce Bancshares makes up approx 1.22% of Mountain Pacific Investment Advisers Incid’s portfolio.Ls Investment Advisors boosted its stake in CBSH in the latest quarter, The investment management firm added 2,084 additional shares and now holds a total of 4,978 shares of Commerce Bancshares which is valued at $238,944. Commerce Bancshares makes up approx 0.02% of Ls Investment Advisors’s portfolio.First Manhattan Co reduced its stake in CBSH by selling 330 shares or 9.87% in the most recent quarter. The Hedge Fund company now holds 3,013 shares of CBSH which is valued at $145,136. North Star Investment Management Corp. added CBSH to its portfolio by purchasing 12,722 company shares during the most recent quarter which is valued at $616,763. Commerce Bancshares makes up approx 0.11% of North Star Investment Management Corp.’s portfolio.
Commerce Bancshares (CBSH) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $47.29 and reached the intraday high at $47.59. The bulls started the profit booking and pushed the shares to intraday low of $47. The trading session was marked by a volume range of 4,18,254 shares exchanging hands. The 52-week high of the shares is $49.44 and the 52-week low is $37.44. The market cap of the company stands at $4,566 M and there are 9,65,47,944 shares in public circulation.
On the company’s financial health, Commerce Bancshares reported $0.70 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 13, 2016. Analyst had a consensus of $0.68. The company had revenue of $296.20 million for the quarter, compared to analysts expectations of $295.65 million. The company’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 EPS.
Many Wall Street Analysts have commented on Commerce Bancshares. Piper Jaffray Initiated Commerce Bancshares on Jul 11, 2016 to “Neutral”, Price Target of the shares are set at $43.50.
Commerce Bancshares Inc. is a bank holding company of Commerce Bank (the Bank). The Company operates through three segments: Consumer Commercial and Wealth. The Consumer segment includes the retail branch network consumer installment lending personal mortgage banking consumer debit and credit bank card activities. It provides services through a network of 195 branches an automated teller machine (ATM) network of 392 machines and the use of alternative delivery channels such as online banking mobile and telephone banking services. The Commercial segment provides an array of corporate lending merchant and commercial bank card products leasing and international services as well as business and government deposit and cash management services. The Wealth segment provides trust and estate tax planning services brokerage services and advisory and discretionary investment portfolio management services to both personal and institutional corporate customers.