Commerce Bancshares Inc (NASDAQ:CBSH) Stock Price While Sentiment Worsens

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Sentiment for Commerce Bancshares Inc (NASDAQ:CBSH)

Commerce Bancshares Inc (NASDAQ:CBSH) institutional sentiment decreased to 1.08 in Q1 2019. Its down -1.33, from 2.41 in 2018Q4. The ratio worsened, as 126 hedge funds opened new or increased equity positions, while 117 sold and decreased their equity positions in Commerce Bancshares Inc. The hedge funds in our partner’s database now possess: 68.21 million shares, down from 71.39 million shares in 2018Q4. Also, the number of hedge funds holding Commerce Bancshares Inc in their top 10 equity 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 earnings per share, down 5.10 % or $0.05 from last year’s $0.98 per share. CBSH’s profit will be $100.97M for 16.28 P/E if the $0.93 EPS becomes a reality. After $0.96 actual earnings per share 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: Finance.Yahoo.com which released: “What Kind Of Shareholder Appears On The Commerce Bancshares, Inc.’s (NASDAQ:CBSH) Shareholder Register? – Yahoo Finance” on June 13, 2019, also Seekingalpha.com with their article: “Commerce Bancshares declares $0.26 dividend – Seeking Alpha” published on January 25, 2019, Bizjournals.com published: “Commerce Bank names a new chief accounting officer – Kansas City Business Journal” on April 24, 2019. More interesting news about Commerce Bancshares, Inc. (NASDAQ:CBSH) were released by: Businesswire.com and their article: “Commerce Bancshares, Inc. (CBSH) to Participate in Bank of America Merrill Lynch’s Future of Financials 2018 Conference, November 5-6, 2018 – Business Wire” published on November 02, 2018 as well as Benzinga.com‘s news article titled: “Earnings Scheduled For July 16, 2019 – Benzinga” with publication date: July 16, 2019.

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

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