What is Zacks Research’s Forecast for CBSH FY2024 Earnings?

Commerce Bancshares, Inc. (NASDAQ:CBSH) – Equities research analysts at Zacks Research lowered their FY2024 earnings per share estimates for Commerce Bancshares in a research note issued to investors on Monday, January 13th. Zacks Research analyst R. Department now forecasts that the financial services provider will post earnings of $3.92 per share for the year, down from their previous estimate of $3.97. The consensus estimate for Commerce Bancshares’ current full-year earnings is $3.95 per share. Zacks Research also issued estimates for Commerce Bancshares’ Q4 2024 earnings at $0.92 EPS, Q1 2025 earnings at $0.87 EPS, Q2 2025 earnings at $0.92 EPS, Q3 2025 earnings at $0.94 EPS, Q4 2025 earnings at $0.95 EPS, FY2025 earnings at $3.69 EPS, Q1 2026 earnings at $0.99 EPS, Q2 2026 earnings at $0.97 EPS, Q3 2026 earnings at $0.98 EPS, Q4 2026 earnings at $1.01 EPS and FY2026 earnings at $3.94 EPS.

A number of other equities analysts also recently issued reports on the stock. Raymond James downgraded shares of Commerce Bancshares from an “outperform” rating to a “market perform” rating in a research note on Thursday, December 19th. Keefe, Bruyette & Woods increased their target price on Commerce Bancshares from $66.00 to $78.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Piper Sandler set a $68.50 price target on Commerce Bancshares and gave the company a “neutral” rating in a research report on Friday, October 18th. Wells Fargo & Company upped their price target on Commerce Bancshares from $62.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 3rd. Finally, StockNews.com raised Commerce Bancshares from a “sell” rating to a “hold” rating in a research report on Monday. Seven research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $66.75.

Commerce Bancshares Trading Up 2.8 %

NASDAQ:CBSH opened at $63.46 on Wednesday. The company has a 50-day moving average price of $67.47 and a 200-day moving average price of $63.22. The stock has a market cap of $8.14 billion, a price-to-earnings ratio of 16.53, a P/E/G ratio of 2.92 and a beta of 0.79. Commerce Bancshares has a 12 month low of $47.09 and a 12 month high of $72.75.

Commerce Bancshares (NASDAQ:CBSH) last released its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.07. The business had revenue of $421.38 million for the quarter, compared to analysts’ expectations of $412.85 million. Commerce Bancshares had a net margin of 24.15% and a return on equity of 15.93%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CBSH. SignalPoint Asset Management LLC increased its position in shares of Commerce Bancshares by 9.2% during the fourth quarter. SignalPoint Asset Management LLC now owns 4,734 shares of the financial services provider’s stock valued at $295,000 after acquiring an additional 398 shares in the last quarter. Outlook Wealth Advisors LLC boosted its stake in Commerce Bancshares by 14.2% during the 4th quarter. Outlook Wealth Advisors LLC now owns 7,201 shares of the financial services provider’s stock valued at $449,000 after purchasing an additional 898 shares during the last quarter. Meyer Handelman Co. boosted its stake in Commerce Bancshares by 5.0% during the 4th quarter. Meyer Handelman Co. now owns 31,299 shares of the financial services provider’s stock valued at $1,950,000 after purchasing an additional 1,490 shares during the last quarter. First Community Trust NA increased its holdings in shares of Commerce Bancshares by 5.0% in the 4th quarter. First Community Trust NA now owns 19,051 shares of the financial services provider’s stock worth $1,187,000 after purchasing an additional 907 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Commerce Bancshares by 56.4% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 29,797 shares of the financial services provider’s stock worth $1,857,000 after purchasing an additional 10,749 shares during the last quarter. Institutional investors own 70.26% of the company’s stock.

Insider Activity at Commerce Bancshares

In related news, SVP David L. Roller sold 890 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $72.27, for a total value of $64,320.30. Following the transaction, the senior vice president now owns 30,949 shares in the company, valued at $2,236,684.23. The trade was a 2.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Douglas D. Neff sold 888 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $72.10, for a total transaction of $64,024.80. Following the sale, the senior vice president now directly owns 8,038 shares in the company, valued at $579,539.80. This trade represents a 9.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 39,398 shares of company stock valued at $2,504,665 in the last 90 days. Corporate insiders own 3.20% of the company’s stock.

Commerce Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd were paid a $0.27 dividend. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $1.08 annualized dividend and a dividend yield of 1.70%. Commerce Bancshares’s payout ratio is currently 28.13%.

Commerce Bancshares Company Profile

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 in the United States. It operates through three segments: Consumer, Commercial, and Wealth.