Evanston Investments Dba Evanston Advisors Lowers stake in Commerce Bancshares (CBSH)

Commerce Bancshares (CBSH) : Evanston Investments Dba Evanston Advisors reduced its stake in Commerce Bancshares by 2.0% during the most recent quarter end. The investment management company now holds a total of 142,244 shares of Commerce Bancshares which is valued at $6,614,346 after selling 2,908 shares in Commerce Bancshares , the firm said in a disclosure report filed with the SEC on May 2, 2016.Commerce Bancshares makes up approximately 2.24% of Evanston Investments Dba Evanston Advisors’s portfolio.

Commerce Bancshares opened for trading at $45.95 and hit $46.5 on the upside on Friday, eventually ending the session at $46.5, with a gain of 0.91% or 0.42 points. The heightened volatility saw the trading volume jump to 3,98,915 shares. Company has a market cap of $4,499 M.

Other Hedge Funds, Including , Ramsey Quantitative Systems boosted its stake in CBSH in the latest quarter, The investment management firm added 754 additional shares and now holds a total of 14,536 shares of Commerce Bancshares which is valued at $675,924. Commerce Bancshares makes up approx 0.70% of Ramsey Quantitative Systems’s portfolio.Glenmede Trust Co Na boosted its stake in CBSH in the latest quarter, The investment management firm added 1,725 additional shares and now holds a total of 11,462 shares of Commerce Bancshares which is valued at $536,651.Texas Permanent School Fund reduced its stake in CBSH by selling 2,950 shares or 4.24% in the most recent quarter. The Hedge Fund company now holds 66,676 shares of CBSH which is valued at $3,121,770. Commerce Bancshares makes up approx 0.04% of Texas Permanent School Fund’s portfolio.Metlife Securities Inc reduced its stake in CBSH by selling 14 shares or 77.78% in the most recent quarter. The Hedge Fund company now holds 4 shares of CBSH which is valued at $189.Dearborn Partners boosted its stake in CBSH in the latest quarter, The investment management firm added 17,138 additional shares and now holds a total of 278,574 shares of Commerce Bancshares which is valued at $13,145,907. Commerce Bancshares makes up approx 1.22% of Dearborn Partners’s portfolio.

On the company’s financial health, Commerce Bancshares reported $0.65 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 13, 2016. Analyst had a consensus of $0.62. The company had revenue of $282.80 million for the quarter, compared to analysts expectations of $281.27 million. The company’s revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 EPS.

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.

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