Commerce Bancshares, Inc (NASDAQ: CBSH) is 24.46% higher on its value in year-to-date trading and has touched a low of $47.09 and a high of $72.75 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CBSH stock was last observed hovering at around $62.76 in the last trading session, with the day’s gains setting it 0.55%.
Currently trading at $63.31, the stock is -5.95% and -2.45% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.11 million and changing 0.88% at the moment leaves the stock 10.67% off its SMA200. CBSH registered 23.13% gain for a year compared to 6-month gain of 22.36%. The firm has a 50-day simple moving average (SMA 50) of $64.77933 and a 200-day simple moving average (SMA200) of $57.137688.
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The stock witnessed a -9.80% loss in the last 1 month and extending the period to 3 months gives it a 11.26%, and is -5.10% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.09% over the week and 2.00% over the month.
Commerce Bancshares, Inc (CBSH) has around 4718 employees, a market worth around $8.52B and $1.87B in sales. Current P/E ratio is 17.30 and Fwd P/E is 17.39. Profit margin for the company is 26.40%. Distance from 52-week low is 34.46% and -12.98% from its 52-week high. The company has generated returns on investments over the last 12 months (14.37%).
with sales reaching $416.66M over the same period.The EPS is expected to grow by 8.81% this year, but quarterly earnings will post 4.94% year-over-year. Quarterly sales are estimated to grow 5.37% in year-over-year returns.
Commerce Bancshares, Inc (CBSH) Top Institutional Holders
577.0 institutions hold shares in Commerce Bancshares, Inc (CBSH), with institutional investors hold 76.72% of the company’s shares. The shares outstanding are 135.07M, and float is at 130.61M with Short Float at 1.70%. Institutions hold 74.68% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 12.61 million shares valued at $703.51 million. The investor’s holdings represent 9.7737% of the CBSH Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 10.85 million shares valued at $605.31 million to account for 8.4094 of the shares outstanding. The other top investors are ARISTOTLE CAPITAL MANAGEMENT, LLC which holds 8.39 million shares representing 6.4987% and valued at over $467.77 million, while COMMERCE BANK holds 5.4162 of the shares totaling 6.99 million with a market value of $389.86 million.
Commerce Bancshares, Inc (CBSH) Insider Activity
The most recent transaction is an insider sale by BARTH KEVIN G, the company’s Executive Vice President. SEC filings show that BARTH KEVIN G sold 1,582 shares of the company’s common stock on Dec 17 ’24 at a price of $67.54 per share for a total of $0.11 million. Following the sale, the insider now owns 65409.0 shares.
Commerce Bancshares, Inc disclosed in a document filed with the SEC on Dec 16 ’24 that Kellerhals Patricia R (Senior Vice President) sold a total of 1,000 shares of the company’s common stock. The trade occurred on Dec 16 ’24 and was made at $67.69 per share for $67690.0. Following the transaction, the insider now directly holds 21265.0 shares of the CBSH stock.
Still, SEC filings show that on Dec 17 ’24, BARTH KEVIN G (Officer) Proposed Sale 1,582 shares at an average price of $67.54 for $0.11 million. The insider now directly holds shares of Commerce Bancshares, Inc (CBSH).
