Wealthcare Advisory Partners LLC Purchases 187 Shares of Commerce Bancshares, Inc. (NASDAQ:CBSH)

Wealthcare Advisory Partners LLC grew its position in shares of Commerce Bancshares, Inc. (NASDAQ:CBSH) by 5.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,727 shares of the financial services provider’s stock after acquiring an additional 187 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Commerce Bancshares were worth $232,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Virtu Financial LLC purchased a new stake in Commerce Bancshares in the third quarter worth $566,000. Centiva Capital LP bought a new stake in shares of Commerce Bancshares during the 3rd quarter valued at $581,000. Procyon Advisors LLC purchased a new stake in Commerce Bancshares in the fourth quarter worth about $200,000. PFW Advisors LLC bought a new stake in shares of Commerce Bancshares in the 4th quarter worth approximately $1,336,000. Finally, Barclays PLC raised its stake in Commerce Bancshares by 19.4% during the third quarter. Barclays PLC now owns 106,934 shares of the financial services provider’s stock valued at $6,353,000 after buying an additional 17,400 shares during the last quarter. 70.26% of the stock is owned by institutional investors.

Insider Activity at Commerce Bancshares

In other news, SVP Patricia R. Kellerhals sold 500 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $68.55, for a total value of $34,275.00. Following the transaction, the senior vice president now directly owns 22,265 shares in the company, valued at $1,526,265.75. The trade was a 2.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman David W. Kemper sold 4,500 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $69.22, for a total value of $311,490.00. Following the completion of the transaction, the chairman now directly owns 23,725 shares of the company’s stock, valued at approximately $1,642,244.50. This trade represents a 15.94 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,398 shares of company stock worth $651,265. 3.10% of the stock is owned by company insiders.

Commerce Bancshares Stock Performance

Shares of Commerce Bancshares stock opened at $65.48 on Wednesday. The stock’s fifty day moving average is $66.90 and its 200 day moving average is $63.60. Commerce Bancshares, Inc. has a one year low of $47.09 and a one year high of $72.75. The stock has a market cap of $8.40 billion, a P/E ratio of 17.05, a P/E/G ratio of 3.60 and a beta of 0.79.

Commerce Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd were given a dividend of $0.27 per share. The ex-dividend date was Tuesday, December 3rd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.65%. Commerce Bancshares’s payout ratio is currently 28.13%.

Analyst Ratings Changes

Several analysts recently commented on the stock. Wells Fargo & Company increased their price objective on shares of Commerce Bancshares from $62.00 to $67.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 3rd. Piper Sandler set a $68.50 target price on shares of Commerce Bancshares and gave the company a “neutral” rating in a research note on Friday, October 18th. Keefe, Bruyette & Woods increased their price objective on shares of Commerce Bancshares from $66.00 to $78.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Raymond James cut Commerce Bancshares from an “outperform” rating to a “market perform” rating in a report on Thursday, December 19th. Finally, Morgan Stanley downgraded Commerce Bancshares from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $66.00 to $64.00 in a report on Monday, September 30th. Seven investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $66.75.

Commerce Bancshares 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.