This trade activity should not be overlooked: Commerce Bancshares Inc. (CBSH)

Commerce Bancshares Inc. (NASDAQ: CBSH) stock jumped 2.42% on Thursday to $48.16 against a previous-day closing price of $47.02. With 0.59 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.57 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $48.18 whereas the lowest price it dropped to was $47.28. The 52-week range on CBSH shows that it touched its highest point at $72.60 and its lowest point at $45.55 during that stretch. It currently has a 1-year price target of $52.67. With its current market cap of 5.95 billion, CBSH has annualized dividend of $1.08 while the current yield stands at 2.24%. Beta for the stock currently stands at 0.75.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CBSH was up-trending over the past week, with a rise of 2.86%, but this was down by -5.49% over a month. Three-month performance dropped to -2.03% while six-month performance fell -18.70%. The stock lost -27.24% in the past year, while it has lost -29.25% so far this year. A look at the trailing 12-month EPS for CBSH yields 3.95 with Next year EPS estimates of 3.44. For the next quarter, that number is 0.91. This implies an EPS growth rate of -10.60% for this year and -7.91% for next year.

Float and Shares Shorts:

At present, 123.89 million CBSH shares are outstanding with a float of 121.42 million shares on hand for trading. On Aug 30, 2023, short shares totaled 2.98 million, which was 2.39% higher than short shares on Jul 30, 2023. In addition to Mr. John W. Kemper as the firm’s Pres, CEO & Director, Mr. Charles G. Kim serves as its Exec. VP & CFO.

Institutional Ownership:

Through their ownership of 70.03% of CBSH’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 6.21% of CBSH, in contrast to 39.19% held by mutual funds. Shares owned by individuals account for 32.25%. As the largest shareholder in CBSH with 9.42% of the stake, The Vanguard Group, Inc. holds 11,743,183 shares worth 11,743,183. A second-largest stockholder of CBSH, BlackRock Fund Advisors, holds 9,439,442 shares, controlling over 7.57% of the firm’s shares. Aristotle Capital Management LLC is the third largest shareholder in CBSH, holding 9,119,794 shares or 7.31% stake. With a 3.60% stake in CBSH, the Vanguard Windsor Funds – Vanguard is the largest stakeholder. A total of 4,493,097 shares are owned by the mutual fund manager. The iShares Core S&P Mid Cap ETF, which owns about 2.92% of CBSH stock, is the second-largest Mutual Fund holder. It holds 3,644,434 shares valued at 193.81 million. Vanguard Total Stock Market ETF holds 2.81% of the stake in CBSH, owning 3,497,961 shares worth 186.02 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CBSH since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With CBSH analysts setting a high price target of $56.00 and a low target of $48.00, the average target price over the next 12 months is $52.67. Based on these targets, CBSH could surge 16.28% to reach the target high and fall by -0.33% to reach the target low. Reaching the average price target will result in a growth of 9.36% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Dividends & Yield:

In terms of dividends, CBSH has a current ratio of $1.08, which is $1.08 over the trailing 12-months, while a dividend of $0.91 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and CBSH currently yields $2.23. In the past year, CBSH’s dividend yield has been $2.23, but when looking at the stock over the past five years, its yield has been $1.59. Accordingly, CBSH has a current buyback yield of $1.83. This was $1.83 for the TTM, and it was $1.65 for the past five years.

Summary of Insider Activity:

Insiders traded CBSH stock several times over the past three months with 15 Buys and 2 Sells. In these transactions, 13,652 shares were bought while 1,754 shares were sold. The number of buy transactions has increased to 104 while that of sell transactions has risen to 67 over the past year. The total number of shares bought during that period was 149,907 while 154,921 shares were sold.

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