Vigilant Capital Management Lowers stake in Commerce Bancshares (CBSH)

Commerce Bancshares (CBSH) : Vigilant Capital Management reduced its stake in Commerce Bancshares by 0.97% during the most recent quarter end. The investment management company now holds a total of 177,396 shares of Commerce Bancshares which is valued at $8,591,288 after selling 1,737 shares in Commerce Bancshares , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Commerce Bancshares makes up approximately 1.55% of Vigilant Capital Management’s portfolio.

Other Hedge Funds, Including , Country Club Trust Company N.a. reduced its stake in CBSH by selling 22,754 shares or 29.46% in the most recent quarter. The Hedge Fund company now holds 54,481 shares of CBSH which is valued at $2,638,515. Commerce Bancshares makes up approx 0.38% of Country Club Trust Company N.a.’s portfolio.North Star Investment Management Corp. reduced its stake in CBSH by selling 60 shares or 0.47% in the most recent quarter. The Hedge Fund company now holds 12,662 shares of CBSH which is valued at $636,519. Commerce Bancshares makes up approx 0.12% of North Star Investment Management Corp.’s portfolio.Nisa Investment Advisors reduced its stake in CBSH by selling 4,576 shares or 12.17% in the most recent quarter. The Hedge Fund company now holds 33,019 shares of CBSH which is valued at $1,659,865. Commerce Bancshares makes up approx 0.02% of Nisa Investment Advisors’s portfolio.

Commerce Bancshares closed down -1.07 points or -2.16% at $48.43 with 7,49,145 shares getting traded on Friday. Post opening the session at $49, the shares hit an intraday low of $47.64 and an intraday high of $49.29 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Commerce Bancshares reported $0.68 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Oct 14, 2016. Analyst had a consensus of $0.70. The company had revenue of $290.60 million for the quarter, compared to analysts expectations of $298.13 million. The company’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS.

Many Wall Street Analysts have commented on Commerce Bancshares. Commerce Bancshares was Downgraded by Morgan Stanley to ” Underweight” on Sep 20, 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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