It has been reported that multiple insider activity took place at Commerce Bancshares, Inc. (CBSH). Executive Vice President Barth Kevin G sold 10,000 shares for $116,796 in transaction occurred on 2019/02/27. After making this transaction, Executive Vice President owns a direct stake of 625,800 shares, worth $7,105,869, as per the last closing price.
President and CEO, Kemper John W had divested 7,075 shares for $354,291 through a trade on 2019/02/22. Following this activity, the insider holds 448,626 shares worth $21,555,064 as of recent close.
Commerce Bancshares, Inc. (NASDAQ:CBSH) rose 0.91% in recent trade and currently has a stock-market value of $6.74B. The shares finished at $60.84, after trading as low as $60.23 earlier in the session. It hit an intraday high Monday at $60.86. Trading activity significantly weakened as the volume at ready counter decreased to 285,556 shares versus 399,215 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 446,587 shares. The stock is now 13.93% above against its bear-market low of $53.4 on December 24, 2018. It has retreated -19.25% since it’s 52-week high of $72.55 reached in August. Now the market price is up 6.75% on the year and up 7.93% YTD.
CBSH stock’s 50 day simple moving average (SMA 50) price is $60.3 and its 200-day simple moving average (SMA 200) price is $64.45. The company’s stock currently has a total float of 107.09M shares. Its weekly volatility is hovering around 1.72% and felt 1.54% volatility in price over a month. On the upside, the share price will test short term resistance at around $61.06. On a downside, the stock is likely to find some support, which begins at $60.43. The failure to get near-term support could push it to $60.01.
It had seen a positive analyst call from Raymond James, which upgraded the stock from Underperform to Mkt Perform on January 18. Analysts at Raymond James, shed their positive views on July 10 by lowering it fromMkt Perform to Underperform. The stock lost favor of BofA/Merrill analysts who expressed their lack of confidence in it using a downgrade from Neutral to Underperform on May 15. Raymond James analysts came out with bullish views on April 10 when the call was made. They think the stock is now Mkt Perform compared to to their prior call for Underperform.
When looking at valuations, Commerce Bancshares, Inc. (CBSH) has a cheap P/E of 16.09x as compared to industry average of 18.98x. Moreover, it trades for 15.4 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 2.41x price/book and 7.58x price/sales. Compared to others, Commerce Bancshares, Inc. is in a different league with regards to profitability, having net margins of 47.2%. To put some perspective around this, the industry’s average net margin is 29.84%. CBSH’s ROE is 15.8%, which is also considerably worse than the industry’s ROE of 16.12%.
Shares of CBSH have gained 1% since the company’s most recent earnings report. Over the past 12 fiscal quarters, Commerce Bancshares, Inc. (NASDAQ:CBSH) has topped consensus earnings estimates in 10 quarters (83%), missed earnings in 2 quarters (16%), whereas at 0 occasion EPS met analyst expectations. CBSH last reported earnings that exceeded expectations. The company raked in $0.96 per share, -60.49% change on the same period last year. That was better than consensus for $0.94. Revenue for the recent quarter stood at $345.31 million, up 10% on last year and above the $337.64 million predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $333 million to $343.1 million, which should be compared with $326.75 million generated last year. EPS is seen in a range of $0.87 to $0.99, against the $0.78 reported a year ago.
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