BLB&B Advisors LLC Has $553,000 Stock Holdings in Commerce Bancshares, Inc. (NASDAQ:CBSH)

BLB&B Advisors LLC boosted its position in shares of Commerce Bancshares, Inc. (NASDAQ:CBSH) by 5.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,137 shares of the financial services provider’s stock after buying an additional 387 shares during the quarter. BLB&B Advisors LLC’s holdings in Commerce Bancshares were worth $553,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. IFP Advisors Inc acquired a new position in shares of Commerce Bancshares in the 4th quarter valued at $35,000. Resources Management Corp CT ADV acquired a new position in shares of Commerce Bancshares in the 3rd quarter valued at $34,000. Meeder Asset Management Inc. lifted its stake in shares of Commerce Bancshares by 217.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 821 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 562 shares during the period. Squar Milner Financial Services LLC lifted its stake in shares of Commerce Bancshares by 1,607.1% in the 4th quarter. Squar Milner Financial Services LLC now owns 956 shares of the financial services provider’s stock valued at $64,000 after purchasing an additional 900 shares during the period. Finally, Point72 Asset Management L.P. acquired a new position in shares of Commerce Bancshares in the 2nd quarter valued at $60,000. 65.87% of the stock is currently owned by hedge funds and other institutional investors.

In other Commerce Bancshares news, VP Daniel D. Callahan sold 1,200 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $64.13, for a total transaction of $76,956.00. Also, EVP John K. Handy sold 1,646 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $67.37, for a total transaction of $110,891.02. Following the transaction, the executive vice president now owns 32,907 shares of the company’s stock, valued at $2,216,944.59. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,913 shares of company stock valued at $1,436,431. Corporate insiders own 3.60% of the company’s stock.

CBSH stock opened at $67.05 on Wednesday. The stock has a 50-day moving average price of $67.00 and a two-hundred day moving average price of $62.38. The stock has a market cap of $7.62 billion, a PE ratio of 18.77, a price-to-earnings-growth ratio of 6.63 and a beta of 0.78. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.09. Commerce Bancshares, Inc. has a 1 year low of $54.65 and a 1 year high of $68.65.

A number of research analysts have recently weighed in on the company. Morgan Stanley increased their price target on Commerce Bancshares from $52.38 to $54.00 and gave the company an “underweight” rating in a research note on Wednesday, December 4th. BidaskClub downgraded Commerce Bancshares from a “hold” rating to a “sell” rating in a research note on Thursday, January 16th. DA Davidson upped their price objective on shares of Commerce Bancshares to $69.00 and gave the company a “neutral” rating in a research report on Tuesday, December 24th. Wells Fargo & Co cut Commerce Bancshares from an “equal weight” rating to an “underweight” rating and set a $55.00 target price for the company. in a report on Monday, January 6th. They noted that the move was a valuation call. Finally, Stephens reiterated a “hold” rating and set a $59.00 target price on shares of Commerce Bancshares in a report on Wednesday, October 16th. Four analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The company presently has an average rating of “Sell” and an average price target of $57.40.

About Commerce Bancshares

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. It operates through three segments: Consumer, Commercial, and Wealth. The Consumer segment offers various banking products and services, including consumer deposits; consumer loans, such as automobile, motorcycle, marine, tractor/trailer, recreational vehicle, fixed rate and revolving home equity, and other consumer loans; patient health care financing; real estate loans; indirect and other consumer financing; personal mortgage banking; consumer installment lending; and consumer debit and credit bank cards, as well as provides online banking services.

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Institutional Ownership by Quarter for Commerce Bancshares (NASDAQ:CBSH)

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