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.

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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.



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