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David L. Roller, Senior Vice President at Commerce Bancshares Inc. (NASDAQ:CBSH), has recently sold a substantial portion of his holdings in the company. According to a recent SEC filing, Roller sold 3,348 shares of common stock on February 5, 2025, at a price of $67.81 per share. The transaction totaled approximately $227,027. The sale comes as Commerce Bancshares, with a market capitalization of $9.2 billion, trades near its 52-week high of $72.75, having delivered an impressive 45.28% return over the past year. InvestingPro analysis indicates the stock is currently trading below its Fair Value. Following this sale, Roller retains ownership of 31,055 shares, held directly. Commerce Bancshares maintains a strong financial profile with a GOOD overall health score and has raised its dividend for 11 consecutive years. InvestingPro subscribers can access additional insights, including 6 more key tips and comprehensive insider trading patterns.
In other recent news, Commerce Bancshares, a Missouri-based state commercial bank, has announced significant developments. The company recently reported higher than expected earnings for the fourth quarter, with earnings of $1.01 per share and revenue totaling $422.08 million. Furthermore, the bank declared a 7% increase in its quarterly dividend to $0.275 per share, continuing its 57-year streak of annual dividend growth.
In terms of executive remuneration, Commerce Bancshares has disclosed changes to its executive compensation structure, including cash bonuses and restricted stock awards for its top executives. This adjustment is part of the company’s ongoing efforts to maintain competitive compensation practices for its senior leadership team.
In market analysis, Piper Sandler, a notable investment bank, has revised its outlook on Commerce Bancshares, raising the price target to $72 from the previous $69. This revised target reflects Piper Sandler’s expectation of the bank’s continued strong profitability, particularly due to anticipated benefits from fewer Federal Reserve rate cuts.
These are among the latest developments for Commerce Bancshares, reflecting the company’s financial resilience and commitment to shareholder value.
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