Commerce Bancshares Inc /mo/ (CBSH): Jonathan M Kemper , Vice Chairman of Commerce Bancshares Inc /mo/ sold 50,000 shares on Sep 8, 2016. The Insider selling transaction was reported by the company on Sep 12, 2016 to the Securities and Exchange Commission. The shares were sold at $50.07 per share for a total value of $2,503,455.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 6, 2016, Patricia R Kellerhals (Senior Vice President) sold 273 shares at $50.29 per share price.On Aug 25, 2016, David W Kemper (Chairman of the Board, CEO) sold 50,000 shares at $49.26 per share price.Also, On Aug 8, 2016, Kevin G Barth (Executive Vice President) sold 6,440 shares at $48.53 per share price.On Aug 8, 2016, V Raymond Stranghoener (Executive Vice President) sold 4,964 shares at $48.49 per share price.
Commerce Bancshares: On Monday, Sep 12, 2016 heightened volatility was witnessed in Commerce Bancshares which led to swings in the share price. The shares opened for trading at $49.68 and hit $50.11 on the upside , eventually ending the session at $49.97, with a gain of 0.42% or 0.21 points. The heightened volatility saw the trading volume jump to 447,536 shares. The 52-week high of the share price is $51.3 and the company has a market cap of $4,825 M . The 52-week low of the share price is at $37.44.
Company has been under the radar of several Street Analysts.Commerce Bancshares is Initiated by Piper Jaffray to Neutral and the brokerage firm has set the Price Target at $43.50. The Rating was issued on Jul 11, 2016.
Commerce Bancshares Inc. is a bank holding company of Commerce Bank (the Bank). The Company operates through three segments: Consumer Commercial and Wealth. The Consumer segment includes the retail branch network consumer installment lending personal mortgage banking consumer debit and credit bank card activities. It provides services through a network of 195 branches an automated teller machine (ATM) network of 392 machines and the use of alternative delivery channels such as online banking mobile and telephone banking services. The Commercial segment provides an array of corporate lending merchant and commercial bank card products leasing and international services as well as business and government deposit and cash management services. The Wealth segment provides trust and estate tax planning services brokerage services and advisory and discretionary investment portfolio management services to both personal and institutional corporate customers.