Commerce Bancshares (NASDAQ:CBSH) announced a quarterly dividend on Friday, July 26th, AnalystRatingsNetwork reports. Stockholders of record on Friday, September 6th will be paid a dividend of $0.225 per share on Monday, September 23rd. This represents a $0.90 annualized dividend and a dividend yield of 1.95%.
A number of analysts have recently weighed in on CBSH shares. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Commerce Bancshares from $38.00 to $42.00 in a research note to investors on Friday, July 12th. On the ratings front, analysts at Jefferies Group reiterated a “hold” rating on shares of Commerce Bancshares in a research note to investors on Wednesday, July 10th. They now have a $44.00 price target on the stock. Finally, analysts at UBS AG raised their price target on shares of Commerce Bancshares from $40.00 to $45.00 in a research note to investors on Wednesday, July 10th. They now have a “neutral” rating on the stock.
Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. Commerce Bancshares currently has an average rating of “Hold” and a consensus price target of $43.56.
Commerce Bancshares (NASDAQ: CBSH) opened at 46.15 on Monday. Commerce Bancshares has a 52-week low of $34.69 and a 52-week high of $47.53. The stock’s 50-day moving average is currently $44.79. The company has a market cap of $4.185 billion and a price-to-earnings ratio of 16.34.
Commerce Bancshares (NASDAQ:CBSH) last announced its earnings results on Thursday, July 11th. The company reported $0.72 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.71 by $0.01. During the same quarter last year, the company posted $0.76 earnings per share. Analysts expect that Commerce Bancshares will post $2.86 EPS for the current fiscal year.
Commerce Bancshares, Inc is a bank holding company. Through a wholly owned bank holding company, it owns all of the outstanding capital stock of Commerce Bank (NASDAQ: CBSH).