Commerce Bancshares Inc /mo/ (CBSH) Files Form 4 Insider Selling : David W Kemper Sells 40,000 Shares

Commerce Bancshares Inc /mo/ (CBSH): David W Kemper , Chairman of the Board, CEO of Commerce Bancshares Inc /mo/ sold 40,000 shares on Jul 15, 2016. The Insider selling transaction was reported by the company on Jul 19, 2016 to the Securities and Exchange Commission. The shares were sold at $48.86 per share for a total value of $1,954,384.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 2, 2016, Jonathan M Kemper (Vice Chairman) sold 40,000 shares at $48.99 per share price.On Jun 2, 2016, Daniel D. Callahan (Exec. Vice President & CCO) sold 1,372 shares at $48.87 per share price.Also, On May 27, 2016, Robert Rauscher (Senior Vice President) sold 14,700 shares at $48.59 per share price.On May 26, 2016, Michael J Petrie (Senior Vice President) sold 498 shares at $48.54 per share price.

Shares of Commerce Bancshares (CBSH) ended Monday, Jul 18, 2016 session in red amid volatile trading. The shares closed down -0.17 points or -0.35% at $48.17 with 4,08,731 shares getting traded. Post opening the session at $48.23, the shares hit an intraday low of $48.05 and an intraday high of $48.61 and the price vacillated in this range throughout the day. The company has a market cap of $4,651 M and the number of outstanding shares has been calculated to be 9,65,47,944 shares. The 52-week high of Commerce Bancshares is $49.44 and the 52-week low is $37.44.

Commerce Bancshares Money Flow Index Chart

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.

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