An Insider Sold 715 Shares Of Commerce Bancshares Inc. (CBSH)


As of Wednesday close, Commerce Bancshares Inc.’s (NASDAQ:CBSH) stock was down -$0.42, moving down -0.56 percent to $74.17. The average number of shares traded per day over the past five days has been 257,320 shares. 5 times new highs have been achieved over the past 5 days, with a $2.18 gain in that time frame. In the last twenty days, the average volume was 327,920, while in the previous 50 days, it was 364,622.

Since last month, CBSH stock rose 7.85%. Shares of the company fell to $68.19 on 10/24/22, the lowest level in the past month. A 52-week high of $74.72 was reached on 11/23/22 after having rallying from a 52-week low of $62.80. Since the beginning of this year, CBSH’s stock price has risen by 7.90% or $5.43, and marked a new high 10 times. However, the stock has declined by -0.74% since its 52-week high.

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CBSH stock investors should be aware that Commerce Bancshares Inc. (CBSH) stock had its last reported insider trading activity 27 days ago on Oct 28. NOACK THOMAS J, the Executive Vice President of the company, disposed of 715 shares for $70.35 on Oct 28. It resulted in a $50,301 divestment by the insider. KEMPER DAVID W sold 10,000 shares at an average price of $69.54 on Oct 19. The insider now owns 1,151,838 shares following the transaction. On Aug 10, President and CEO Kemper John W sold 4,285 shares at $72.41 apiece. The transaction was valued at $310,290.

Valuation Metrics

Right now, Commerce Bancshares Inc. (CBSH) has a P/E ratio of about 19.08. The stock’s beta is 0.77. Besides these, the trailing price-to-sales (P/S) ratio of 9.38, the price-to-book (PB) ratio of 3.75, and the price-to-cash flow ratio of 22.26 may also be considered.

The latest dividend of $0.2650 per share was paid out, remained unchanged from last year’s $0.2650. On Friday February 4 2022, a $0.0025 dividend increase was announced.

Financial Health

In the year ended September 29, operating margins totaled 96.30%. Based on annual data, CBSH earned $835.42 million in gross profit and brought in $848.29 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 21.90%. Return on equity (ROE) for the past 12 months was 16.40%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Commerce Bancshares Inc. to report $1.03 quarterly earnings, the actual figure was $1.02 per share, beating the consensus estimate by -1.00%. The value of shareholders’ equity is $119.35 million.

Technical Picture

This quick technical analysis looks at Commerce Bancshares Inc.’s (CBSH) price momentum. With a historical volatility rate of 17.11%, the RSI 9-day stood at 65.79% on 23 November.

With respect to its five-day moving average, the current Commerce Bancshares Inc. price is up by +3.03% percent or $2.18. At present, CBSH shares trade +7.81% above its 20-day simple moving average and +11.60% percent above its 100-day simple moving average. However, the stock is currently trading approximately +5.50% above its SMA50 and +2.53% above its SMA200.

Stochastic coefficient K was 93.32% and Stochastic coefficient D was 87.46%, while ATR was 1.32. Given the Stochastic reading of 84.57% for the 14-day period, the RSI (14) reading has been calculated as 62.62%. As of today, the MACD Oscillator reading stands at 1.28, while the 14-day reading stands at 1.88.

Analyst Ratings

Wells Fargo upgraded its rating on Commerce Bancshares Inc. (NASDAQ: CBSH) to an Equal weight in a note to investors on March 21, 2022. The analysts firm previously had an Underweight rating on the stock.Commerce Bancshares Inc. (CBSH) has been rated Hold by analysts. According to 0 brokerage firms, CBSH is a sell, and 7 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Commerce Bancshares Inc. stock as buy, with 0 recommending it as overweight.

With a median target price of $71.50, the current consensus forecast for the stock is $65.00 – $76.00. Based on these forecasts, analysts predict Commerce Bancshares Inc. (CBSH) will achieve an average price target of $71.33.


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