Commerce Bancshares Inc (NASDAQ:CBSH) 2019 Q1 Sentiment Report

Commerce Bancshares, Inc. (NASDAQ:CBSH) Logo

Sentiment for Commerce Bancshares Inc (NASDAQ:CBSH)

Commerce Bancshares Inc (NASDAQ:CBSH) institutional sentiment decreased to 1.08 in 2019 Q1. Its down -1.33, from 2.41 in 2018Q4. The ratio fall, as 126 investment managers started new and increased positions, while 117 sold and decreased holdings in Commerce Bancshares Inc. The investment managers in our partner’s database now have: 68.21 million shares, down from 71.39 million shares in 2018Q4. Also, the number of investment managers holding Commerce Bancshares Inc in their top 10 positions was flat from 1 to 1 for the same number . Sold All: 24 Reduced: 93 Increased: 88 New Position: 38.

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 company has market cap of $6.58 billion. It operates through three divisions: Consumer, Commercial, and Wealth. It has a 16.16 P/E ratio. 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; real estate loans; indirect and other consumer financing; personal mortgage banking; and consumer debit and credit bank cards, as well as provides online, mobile, and telephone banking services.

The stock increased 1.19% or $0.71 during the last trading session, reaching $60.57. About 350,913 shares traded. Commerce Bancshares, Inc. (NASDAQ:CBSH) has declined 4.95% since September 11, 2018 and is downtrending. It has underperformed by 4.95% the S&P500.

Analysts await Commerce Bancshares, Inc. (NASDAQ:CBSH) to report earnings on October, 10. They expect $0.93 EPS, down 5.10 % or $0.05 from last year’s $0.98 per share. CBSH’s profit will be $100.97 million for 16.28 P/E if the $0.93 EPS becomes a reality. After $0.96 actual EPS reported by Commerce Bancshares, Inc. for the previous quarter, Wall Street now forecasts -3.12 % negative EPS growth.

Commerce Bank holds 4.98% of its portfolio in Commerce Bancshares, Inc. for 7.24 million shares. Speece Thorson Capital Group Inc owns 112,596 shares or 1.8% of their US portfolio. Moreover, Mountain Pacific Investment Advisers Inc Id has 1.77% invested in the company for 317,883 shares. The Maine-based Vigilant Capital Management Llc has invested 1.77% in the stock. Dearborn Partners Llc, a Illinois-based fund reported 371,886 shares.

More notable recent Commerce Bancshares, Inc. (NASDAQ:CBSH) news were published by: Nasdaq.com which released: “Fed Interest Rate Cut on the Horizon: What it Means for Banks – Nasdaq” on June 21, 2019, also Businesswire.com with their article: “Commerce Bancshares Impresses in Bank Director’s Annual RankingBanking Study – Business Wire” published on February 19, 2019, Nasdaq.com published: “CBSH Crosses Above Average Analyst Target – Nasdaq” on September 10, 2019. More interesting news about Commerce Bancshares, Inc. (NASDAQ:CBSH) were released by: Nasdaq.com and their article: “Financial Sector Update for 07/12/2018: KEY,OZRK,CBSH – Nasdaq” published on July 12, 2018 as well as Prnewswire.com‘s news article titled: “Corcentric Enters Reseller Agreement with Commerce Bank – PRNewswire” with publication date: August 15, 2019.

Commerce Bancshares, Inc. (NASDAQ:CBSH) Institutional Positions Chart

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