Commerce Bancshares, Inc. (NASDAQ:CBSH) Stake Cut by Oppenheimer & Co. Inc

Xavier Trudeau
Juillet 14, 2017

It is positive, as 13 investors sold Commerce Bancshares, Inc. shares while 63 reduced holdings. About shares traded. Sun Life Financial Inc (NYSE:SLF) has declined 1.22% since July 14, 2016 and is downtrending. Smith Shellnut Wilson LLC ADV now owns 44,304 shares of the bank's stock worth $765,000 after buying an additional 11,302 shares during the last quarter.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. About shares traded. Commerce Bancshares, Inc. Calamos Advisors LLC boosted its position in Commerce Bancshares by 5.0% in the fourth quarter.

The stock increased 0.36% or $0.89 during the last trading session, reaching $247.31. Lazard Asset Management purchased a fresh position in Commerce Bancshares during the Q1 valued roughly $64,025,000. State Board of Administration of Florida Retirement System now owns 148,811 shares of the financial services provider's stock worth $8,603,000 after buying an additional 7,469 shares during the last quarter. Finally, Capital Impact Advisors LLC raised its position in shares of Live Oak Bancshares by 29.5% in the first quarter. The President now owns $233,820 of the stock per an SEC filing yesterday. First Community Bancshares has a 1-year low of $20.47 and a 1-year high of $31.94. (NASDAQ:LOB) opened at 24.35 on Friday. The 50 day moving average moved up $1.58 whereas the 200 day average was up by +3.15%. The company has a market capitalization of $165.38 million, a price-to-earnings ratio of 22.48 and a beta of 0.63.

Commerce Bancshares (NASDAQ:CBSH) last announced its earnings results on Thursday, July 13th. The financial services provider posted $0.75 EPS (EPS) for the period, exceeding wall street forecast of $0.70 by $0.05. Commerce Bancshares had a ROE of 11.76% and a net profit margin of 23.43%. The company had revenue of $8.42 million for the quarter. The business's revenue for the quarter was up 6.1% compared to the same quarter a year ago. Equities research analysts expect that Commerce Bancshares, Inc. will post $2.89 EPS for the current fiscal year. The dividend payment was $0.160 per share for the quarter which comes to $0.64 on an annualized basis. The ex-dividend date is Wednesday, July 5th. Commerce Bancshares's payout ratio is 33.65%. If you are reading this news story on another domain, it was stolen and republished in violation of U.S. & worldwide trademark and copyright laws. The correct version of this story can be read at https://www.thestockobserver.com/2017/07/14/united-security-bancshares-nasdaqubfo-earns-news-impact-score-of-0-50.html. (NYSE:SLF), 5 have Buy rating, 0 Sell and 5 Hold. Keefe, Bruyette & Woods reiterated a "sell" rating and issued a $46.00 target price on shares of Commerce Bancshares in a research report on Monday, June 12th. Barclays PLC lifted their price target on Commerce Bancshares from $54.00 to $55.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 19th. Finally, BidaskClub lowered shares of Commerce Bancshares from a "hold" rating to a "sell" rating in a report on Saturday, June 24th. The average twelve-month price target among analysts that have updated their coverage on the stock in the previous year is $52.40. The shares were bought on May 3rd for an average price of $25.98. The stock was sold at an average price of $56.64, for a total transaction of $78,106.56. Following the transaction, the insider now directly owns 80,475 shares of the company's stock, valued at $4,451,072.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

ILLEGAL ACTIVITY NOTICE: "Very Positive Media Coverage Likely to Affect United Security Bancshares (NASDAQ:UBFO) Stock Price" was reported by Markets Daily and is owned by of Markets Daily. CFO David D. Brown bought 100 shares at an average price of $25.00 on Wednesday the 24th.

The First Bancshares, Inc is a bank holding company for The First, A National Banking Association (the Bank). The Bank is engaged in general banking business, providing a range of retail, mortgage banking, corporate, investment, trust and asset management products and services to individuals and businesses.

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