Commerce Bancshares Inc (NASDAQ:CBSH): Negative Stock Sentiment

Commerce Bancshares, Inc. (NASDAQ:CBSH) Logo

Sentiment for Commerce Bancshares Inc (NASDAQ:CBSH)

Commerce Bancshares Inc (NASDAQ:CBSH) institutional sentiment decreased to 1.08 in Q1 2019. Its down -1.33, from 2.41 in 2018Q4. The ratio has worsened, as 126 hedge funds started new and increased equity positions, while 117 reduced and sold their stock positions in Commerce Bancshares Inc. The hedge funds in our partner’s database now possess: 68.21 million shares, down from 71.39 million shares in 2018Q4. Also, the number of hedge funds holding Commerce Bancshares Inc in their top 10 equity positions was flat from 1 to 1 for the same number . Sold All: 24 Reduced: 93 Increased: 88 New Position: 38.

Commerce Bancshares, Inc. operates as the holding firm for Commerce Bank that provides retail, mortgage banking, corporate, investment, trust, and asset management services and products to individuals and businesses. The company has market cap of $6.58 billion. It operates through three divisions: Consumer, Commercial, and Wealth. It has a 16.16 P/E ratio. The Consumer segment offers various banking services and products, including consumer deposits; consumer loans, such as automobile, motorcycle, marine, tractor/trailer, recreational vehicle, fixed rate and revolving home equity, and other consumer loans; real estate loans; indirect and other consumer financing; personal mortgage banking; and consumer debit and credit bank cards, as well as provides online, mobile, and telephone banking services.

The stock increased 1.19% or $0.71 during the last trading session, reaching $60.57. About 350,913 shares traded. Commerce Bancshares, Inc. (NASDAQ:CBSH) has declined 4.95% since September 11, 2018 and is downtrending. It has underperformed by 4.95% the S&P500.

Analysts await Commerce Bancshares, Inc. (NASDAQ:CBSH) to report earnings on October, 10. They expect $0.93 EPS, down 5.10 % or $0.05 from last year’s $0.98 per share. CBSH’s profit will be $100.97M for 16.28 P/E if the $0.93 EPS becomes a reality. After $0.96 actual EPS reported by Commerce Bancshares, Inc. for the previous quarter, Wall Street now forecasts -3.12 % negative EPS growth.

Commerce Bank holds 4.98% of its portfolio in Commerce Bancshares, Inc. for 7.24 million shares. Speece Thorson Capital Group Inc owns 112,596 shares or 1.8% of their US portfolio. Moreover, Mountain Pacific Investment Advisers Inc Id has 1.77% invested in the company for 317,883 shares. The Maine-based Vigilant Capital Management Llc has invested 1.77% in the stock. Dearborn Partners Llc, a Illinois-based fund reported 371,886 shares.

More notable recent Commerce Bancshares, Inc. (NASDAQ:CBSH) news were published by: Nasdaq.com which released: “Commerce Bancshares (CBSH) Up 2.1% Since Earnings Report: Can It Continue? – Nasdaq” on August 14, 2017, also Finance.Yahoo.com with their article: “What Makes Commerce Bancshares, Inc. (NASDAQ:CBSH) A Great Dividend Stock? – Yahoo Finance” published on May 14, 2019, Nasdaq.com published: “Commerce Bancshares (CBSH) Stock Down 3.2% on Q1 Earnings Lag – Nasdaq” on April 12, 2019. More interesting news about Commerce Bancshares, Inc. (NASDAQ:CBSH) were released by: Prnewswire.com and their article: “Corcentric Enters Reseller Agreement with Commerce Bank – PRNewswire” published on August 15, 2019 as well as Finance.Yahoo.com‘s news article titled: “Commerce Bancshares (CBSH) Beats Q2 Earnings and Revenue Estimates – Yahoo Finance” with publication date: July 16, 2019.

Commerce Bancshares, Inc. (NASDAQ:CBSH) Institutional Positions Chart

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