Economy

Commerce Bancshares Inc. Q3 Earnings Advance 9%

It operates through four divisions: North America, South America, Asia Pacific, and Europe, Middle East and Africa. Express Scripts had 37 analyst reports since July 30, 2015 according to SRatingsIntel. During the same period past year, the company posted $0.68 EPS. INGR's profit will be $144.80 million for 15.11 P/E if the $2.03 EPS becomes a reality. Next quarter's EPS is forecasted to be $0.23 with next year's EPS projected to be $1.25. About 68,735 shares traded. Ingredion Inc (INGR) has declined 2.30% since October 12, 2016 and is downtrending. The Bank Of Montreal holds 36,711 shares with $2.09M value, down from 85,504 last quarter. Stanley owns 109,167 shares or 3.53% of their U.S. portfolio. Over the last ninety days, insiders sold 20,819 shares of company stock valued at $1,174,728. Tower Research Capital LLC (trc) reduced its position by selling 591 shares a decrease of 74.7% as of 06/30/2017.

Investors sentiment increased to 1.2 in Q2 2017. This represents a $0.90 annualized dividend and a yield of 1.55%. Furthermore, the information in this Current Report on Form 8-K, including the exhibit, shall not be deemed to be incorporated by reference into the filings of Commerce Bancshares, Inc. under the Securities Act of 1933, as amended. 22 funds opened positions while 97 raised stakes.

About Commerce Bancshares, Inc.

The stock decreased 0.41% or $0.17 on October 11, reaching $40.8. 499.72 million shares or 1.80% less from 508.89 million shares in 2017Q1 were reported. It also upped Symantec Corp (NASDAQ:SYMC) stake by 31,430 shares and now owns 312,016 shares. BidaskClub cut Commerce Bancshares from a "sell" rating to a "strong sell" rating in a report on Monday, July 31st. (NASDAQ:CBSH) for 57,362 shares. Ballentine Partners Ltd Liability has 8,882 shares for 0.04% of their portfolio. Moreover, Ameritas Ptnrs Inc has 0.09% invested in Commerce Bancshares, Inc. Northern Tru Corp reported 714,874 shares or 0.01% of all its holdings. Public Employees Retirement Association of Colorado now owns 12,520 shares of the financial services provider's stock worth $712,000 after purchasing an additional 42 shares during the period.

The parent company of Commerce Bank, which has corporate offices in Kansas City and Clayton, reported a $74.6 million profit, or 71 cents a share, for the quarter that ended September 30, up from $68.5 million, or 65 cents a share, a year earlier. Matarin Capital Limited Liability Co reported 0% of its portfolio in Commerce Bancshares, Inc. Five research analysts have rated the stock with a sell rating and six have given a hold rating to the company. Therefore 0 are positive. The stock has an average rating of "Hold" and a consensus target price of $56.63. Commerce Bancshares had a return on equity of 12.01% and a net margin of 23.79%. The firm has "Sell" rating given on Thursday, July 13 by Keefe Bruyette & Woods. State Board Of Administration Of Florida Retirement has invested 0.02% in Commerce Bancshares, Inc. (NASDAQ:CBSH) rating on Friday, September 15. Jefferies maintained Express Scripts Holding Company (NASDAQ:ESRX) rating on Tuesday, August 29.

The stock last traded at $24.78 barely above the 50 day moving average of $23.45 and just above the 200 day moving average of $23.19. Keefe Bruyette & Woods maintained it with "Sell" rating and $4600 target in Thursday, July 13 report. Stephens maintained the stock with "Hold" rating in Friday, July 14 report. The firm earned "Hold" rating on Friday, June 9 by Jefferies. (NASDAQ:CBSH) has "Hold" rating given on Friday, September 15 by Jefferies. The firm has "Neutral" rating by UBS given on Thursday, October 6. This was higher than $66.30 million, or $0.65 per share, in last year's third quarter.

On August 10 the stock rating was downgraded to "Underperform" from "Market Perform" in an announcement from Raymond James.



Like this

loading...
loading...

Latest


13 October 2017
Hydrogen-Powered Truck Begins Work at LA-Long Beach
News just in from Toyota Motor North America is that it has developed a hydrogen fuel cell system for heavy-duty trucks. Starting October 23, the truck will begin its new port hauling duties, traveling around 200 miles each day.

13 October 2017
BBC ordered to air more homegrown content
This pretty much classifies as a ban on evening broadcasts of any films or TV programming purchased from overseas. Ofcom is also creating minimum quotas for programmes developed inside Scotland, Wales and Northern Ireland.

13 October 2017
Google Pixel 2 Launcher now available to Download
In other cases, including if only one person is on ViLTE, Google Duo is used to connect the video call to other Google Duo users. For those who are left out, they'll just to have download Google Duo and conduct video calls directly from the app.

13 October 2017
Congress asks Snyder to address Legionnaires' testimony
While Harvey Hollins, director of urban initiatives, told a judge last week the governor learned about it before Christmas of 2015.

13 October 2017
OncoSec Medical Incorporated (NASDAQ:ONCS) Trading Volume Significantly Lower
Wall Street is only getting more bullish on the stock, with 4 of analysts who cover ONCS having a buy-equivalent rating. OncoSec Medical Incorporated (ONCS ) now the company's industry has 13.86 P/E and the sector P/E is 16.24.

13 October 2017
Taiwan Semiconductor Manufacturing Company Limited (TSM) — Stock Trend Analysis
Beck Mack And Oliver Limited Liability holds 0.75% of its portfolio in Devon Energy Corp (NYSE:DVN) for 692,742 shares. It fall, as 71 investors sold MS shares while 297 reduced holdings. 26 funds opened positions while 25 raised stakes.

13 October 2017
OnePlus 5T release: Redesigned model launching next month?
If the OnePlus 5T does come with a 18:9 display which is rumoured to be 6-inches in size, this will mark a drastic design change. OnePlus hasn't officially confirmed the new handset yet, but another leak points towards an imminent launch.

13 October 2017
Tyrese Gibson can't let feud with The Rock go
Johnson has since vaguely responded to the claims , and noted "Big dogs eat, little crying puppies stay on the porch". During an interview with TMZ Tuesday, Gibson said his main issue with Johnson is with how he is appearing selfish .

13 October 2017
Linkin Park Releases 'Carpool Karaoke' With Late Bennington
The episode was dedicated in Bennington's memory and was released with the blessing of his family and Linkin Park band mates. After Bennington's death was announced on July 20th, Jeong tweeted, "I am in shock and heartbroken".

13 October 2017
Former Liverpool manager Kenny Dalglish lays down Big Call with BetStars
Jurgen Klopp is adamant that Liverpool's owners would fail to find a better manager than him. Proceeds from sales went to a cancer charity set up by Marina, Kenny's wife.