Barclays now sees two Fed cuts this year, says jumbo Fed cuts ’very unlikely’
Margaret M. Rowe, Senior Vice President at Commerce Bancshares Inc. (NASDAQ:CBSH), recently sold 250 shares of the company’s common stock. The $8.3 billion market cap bank has maintained dividend payments for 55 consecutive years and currently offers a 1.8% yield, according to InvestingPro data. The shares were sold at an average price of $61.916, totaling approximately $15,479. Following this transaction, Rowe retains ownership of 4,971 shares directly. This sale was reported in a recent SEC Form 4 filing, reflecting activities as of March 6, 2025. With analysts setting price targets between $70-74 and the company showing FAIR financial health on InvestingPro’s comprehensive scoring system, investors can access additional insights and 6 more ProTips about CBSH’s outlook through the platform.
In other recent news, Commerce Bancshares reported fourth-quarter earnings that surpassed analyst expectations, with earnings per share reaching $1.01 compared to the consensus estimate of $0.92. The company’s revenue also exceeded forecasts, coming in at $422.08 million against the expected $416.66 million. Net interest income increased to $266.6 million, while non-interest income contributed $155.4 million, accounting for 36.8% of total revenue. Additionally, Commerce Bancshares announced a 7% increase in its quarterly dividend, raising it to $0.275 per share, continuing its long-standing tradition of annual dividend growth.
Piper Sandler recently adjusted its outlook on Commerce Bancshares, raising the price target to $72 from $69, while maintaining a Neutral rating. The firm cited the bank’s strong profitability and asset-sensitive balance sheet as key factors in its revised target. Furthermore, Commerce Bancshares disclosed changes to its executive compensation, with new salary figures and performance-based bonuses set for 2025. These adjustments are part of the company’s regular review of compensation practices.
The bank continues to demonstrate financial resilience, with a reported net income of $526.3 million for 2024, up from $477.1 million in 2023. Investors and analysts are closely watching these developments, as they reflect the company’s strategic priorities and financial health.
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