Warburton Capital Management LLC Buys New Position in Commerce Bancshares, Inc. (NASDAQ:CBSH)

Warburton Capital Management LLC bought a new stake in shares of Commerce Bancshares, Inc. (NASDAQ:CBSH) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,864 shares of the financial services provider’s stock, valued at approximately $303,000. Commerce Bancshares makes up approximately 0.2% of Warburton Capital Management LLC’s investment portfolio, making the stock its 27th largest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Atria Wealth Solutions Inc. grew its holdings in shares of Commerce Bancshares by 1.5% in the fourth quarter. Atria Wealth Solutions Inc. now owns 11,062 shares of the financial services provider’s stock valued at $689,000 after acquiring an additional 166 shares in the last quarter. Apriem Advisors grew its holdings in shares of Commerce Bancshares by 5.0% in the fourth quarter. Apriem Advisors now owns 3,827 shares of the financial services provider’s stock valued at $238,000 after acquiring an additional 182 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its holdings in shares of Commerce Bancshares by 4.9% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 3,908 shares of the financial services provider’s stock valued at $244,000 after acquiring an additional 183 shares in the last quarter. Verde Capital Management grew its holdings in shares of Commerce Bancshares by 5.4% in the fourth quarter. Verde Capital Management now owns 3,573 shares of the financial services provider’s stock valued at $223,000 after acquiring an additional 183 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Commerce Bancshares by 19.6% in the fourth quarter. GAMMA Investing LLC now owns 1,139 shares of the financial services provider’s stock valued at $71,000 after acquiring an additional 187 shares in the last quarter. Institutional investors own 70.26% of the company’s stock.

Insider Buying and Selling at Commerce Bancshares

In other Commerce Bancshares news, VP David L. Orf sold 1,036 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $68.24, for a total transaction of $70,696.64. Following the sale, the vice president now owns 22,175 shares in the company, valued at $1,513,222. This trade represents a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Patricia R. Kellerhals sold 1,000 shares of Commerce Bancshares stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $67.69, for a total value of $67,690.00. Following the completion of the transaction, the senior vice president now owns 21,265 shares in the company, valued at approximately $1,439,427.85. This represents a 4.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 81,016 shares of company stock worth $5,422,811 over the last 90 days. Corporate insiders own 3.20% of the company’s stock.

Commerce Bancshares Stock Performance

Shares of CBSH stock opened at $59.57 on Wednesday. Commerce Bancshares, Inc. has a 52-week low of $47.89 and a 52-week high of $72.75. The company has a market capitalization of $7.98 billion, a PE ratio of 14.86, a price-to-earnings-growth ratio of 2.13 and a beta of 0.78. The business’s fifty day moving average is $64.63 and its 200 day moving average is $64.56.

Commerce Bancshares (NASDAQ:CBSH) last issued its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.06. Commerce Bancshares had a return on equity of 16.31% and a net margin of 25.24%. The company had revenue of $422.10 million for the quarter, compared to the consensus estimate of $417.48 million. During the same quarter last year, the business posted $0.84 earnings per share. The firm’s revenue was up 7.3% compared to the same quarter last year. On average, sell-side analysts forecast that Commerce Bancshares, Inc. will post 3.94 EPS for the current fiscal year.

Commerce Bancshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Friday, March 7th will be given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date is Friday, March 7th. This is an increase from Commerce Bancshares’s previous quarterly dividend of $0.27. Commerce Bancshares’s dividend payout ratio (DPR) is 27.43%.

Analyst Ratings Changes

Several research firms have recently issued reports on CBSH. Wells Fargo & Company upped their target price on Commerce Bancshares from $67.00 to $70.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. Raymond James lowered Commerce Bancshares from an “outperform” rating to a “market perform” rating in a report on Thursday, December 19th. Keefe, Bruyette & Woods increased their price objective on Commerce Bancshares from $66.00 to $78.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Piper Sandler increased their price objective on Commerce Bancshares from $69.00 to $72.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. Finally, StockNews.com raised Commerce Bancshares from a “sell” rating to a “hold” rating in a report on Monday, January 13th. Seven investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, Commerce Bancshares has a consensus rating of “Hold” and an average price target of $67.83.

Commerce Bancshares Company 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.