After finishing at $48.77 in the prior trading day, Commerce Bancshares Inc. (NASDAQ: CBSH) closed at $47.95, down -1.68%. In other words, the price has decreased by -$0.82 from its previous closing price. On the day, 543849 shares were traded. CBSH stock price reached its highest trading level at $48.62 during the session, while it also had its lowest trading level at $47.78.
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Our goal is to gain a better understanding of CBSH by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.36 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.34. In the meantime, Its Debt-to-Equity ratio is 0.57 whereas as Long-Term Debt/Eq ratio is at 0.57.
Upgrades & Downgrades
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 02 when Neff Douglas D sold 856 shares for $64.92 per share. The transaction valued at 55,574 led to the insider holds 6,505 shares of the business.
Brooks Derrick sold 230 shares of CBSH for $15,041 on Mar 02. The Senior Vice President now owns 9,956 shares after completing the transaction at $65.40 per share. On Feb 07, another insider, KEMPER DAVID W, who serves as the Director of the company, sold 18,422 shares for $67.43 each. As a result, the insider received 1,242,216 and left with 1,143,974 shares of the company.
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CBSH now has a Market Capitalization of 6.77B. As of this moment, Commerce’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.50, and their Forward P/E ratio for the next fiscal year is 13.24. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.57 while its Price-to-Book (P/B) ratio in mrq is 2.23.
Stock Price History:
Over the past 52 weeks, CBSH has reached a high of $72.60, while it has fallen to a 52-week low of $48.01. The 50-Day Moving Average of the stock is 54.44, while the 200-Day Moving Average is calculated to be 65.12.
The stock has traded on average 638.73K shares per day over the past 3-months and 532.8k shares per day over the last 10 days, according to various share statistics. A total of 124.00M shares are outstanding, with a floating share count of 116.02M. Insiders hold about 2.20% of the company’s shares, while institutions hold 73.60% stake in the company. Shares short for CBSH as of Apr 27, 2023 were 2.71M with a Short Ratio of 2.71M, compared to 2.39M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 2.17% and a Short% of Float of 2.38%.
Dividends & Splits
In the trailing 12 months, CBSH’s forward annual dividend rate was 1.03, compared to 1.08 this year. Against a Trailing Annual Dividend Yield of 2.10%, it implies a Forward Annual Dividend Yield of 2.21%. The stock’s 5-year Average Dividend Yield is 1.54. The current Payout Ratio is 20.00% for CBSH, which recently paid a dividend on Jun 19, 2023 with an ex-dividend date of Jun 01, 2023. Stock splits for the company last occurred on Nov 30, 2020 when the company split stock in a 105:100 ratio.
Its stock is currently analyzed by 7 different market analysts. On average, analysts expect EPS of $0.94 for the current quarter, with a high estimate of $0.97 and a low estimate of $0.91, while EPS last year was $0.91. The consensus estimate for the next quarter is $0.94, with high estimates of $0.99 and low estimates of $0.86.
Analysts are recommending an EPS of between $3.89 and $3.56 for the fiscal current year, implying an average EPS of $3.75. EPS for the following year is $3.62, with 7 analysts recommending between $3.92 and $3.21.
5 analysts predict $392.11M in revenue for the current quarter. It ranges from a high estimate of $397M to a low estimate of $387.3M. As of the current estimate, Commerce Bancshares Inc.’s year-ago sales were $371.81M, an estimated increase of 5.50% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $392.49M, an increase of 2.00% less than the figure of $5.50% in the same quarter last year. There is a high estimate of $394.95M for the next quarter, whereas the lowest estimate is $388.4M.
A total of 6 analysts have provided revenue estimates for CBSH’s current fiscal year. The highest revenue estimate was $1.57B, while the lowest revenue estimate was $1.53B, resulting in an average revenue estimate of $1.56B. In the same quarter a year ago, actual revenue was $1.49B, up 4.90% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $1.56B in the next fiscal year. The high estimate is $1.61B and the low estimate is $1.52B. The average revenue growth estimate for next year is down -0.30% from the average revenue estimate for this year.