Isthmus Partners Lowers stake in Commerce Bancshares (CBSH)

Commerce Bancshares (CBSH) : Isthmus Partners reduced its stake in Commerce Bancshares by 3.09% during the most recent quarter end. The investment management company now holds a total of 124,967 shares of Commerce Bancshares which is valued at $6,040,905 after selling 3,983 shares in Commerce Bancshares , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Commerce Bancshares makes up approximately 1.89% of Isthmus Partners’s portfolio.

Other Hedge Funds, Including , Oppenheimer Co Inc reduced its stake in CBSH by selling 1,099 shares or 0.98% in the most recent quarter. The Hedge Fund company now holds 110,952 shares of CBSH which is valued at $5,363,420. Commerce Bancshares makes up approx 0.15% of Oppenheimer Co Inc’s portfolio.Evanston Investments Dba Evanston Advisors reduced its stake in CBSH by selling 3,536 shares or 2.49% in the most recent quarter. The Hedge Fund company now holds 138,708 shares of CBSH which is valued at $6,757,854. Commerce Bancshares makes up approx 2.15% of Evanston Investments Dba Evanston Advisors’s portfolio.Sg Americas Securities boosted its stake in CBSH in the latest quarter, The investment management firm added 35,563 additional shares and now holds a total of 62,500 shares of Commerce Bancshares which is valued at $2,965,000. Commerce Bancshares makes up approx 0.02% of Sg Americas Securities’s portfolio. Jnba Financial Advisors sold out all of its stake in CBSH during the most recent quarter. The investment firm sold 5 shares of CBSH which is valued $240.

Commerce Bancshares opened for trading at $48.27 and hit $48.76 on the upside on Monday, eventually ending the session at $48.68, with a gain of 0.85% or 0.41 points. The heightened volatility saw the trading volume jump to 3,13,874 shares. Company has a market cap of $4,701 M.

On the company’s financial health, Commerce Bancshares reported $0.70 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 13, 2016. Analyst had a consensus of $0.68. The company had revenue of $296.20 million for the quarter, compared to analysts expectations of $295.65 million. The company’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 EPS.

Investors should note that on Jul 29, 2016, Commerce Bancshares announced a cash dividend of $0.2250. The company’s management has announced Sep 7, 2016 as the ex-dividend date and fixed the record date on Sep 9, 2016. The payable date has been fixed on Sep 26, 2016.

Many Wall Street Analysts have commented on Commerce Bancshares. Piper Jaffray Initiated Commerce Bancshares on Jul 11, 2016 to “Neutral”, Price Target of the shares are set at $43.50.

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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