CBSH
Commerce Bancshares, Inc.
NasdaqGSUSDEQUITY
Financial Services
DELAYED
Last price
58.63
▼ 0.17 (0.29%)
MARKET · —
Price
Open
58.80
Prev close
58.80
Day high
59.38
Day low
58.31
Volume
992.14K
Market cap
$8.37B
P/E (TTM)
14.20
52W range
46.99 – 60.92
Trailing performance
Returnvs SPY
1W
-3.14%
-1.8%
1M
-0.46%
-4.2%
3M
+11.86%
+8.8%
6M
+8.05%
-3.0%
YTD
+11.54%
-0.7%
1Y
-1.08%
-21.1%
3Y
+33.51%
-40.7%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Fundamentals
Market cap$8.37B
Enterprise value$6.71B
Revenue (TTM)$1.84B
Gross profit$1.84B
EBITDA—
Net income$578.21M
EPS (TTM)$4.11
Free cash flow—
Total cash$4.16B
Total debt$2.47B
Book value / share$30.23
Shares outstanding143.43M
Float130.47M
Short % of float4.67%
Dividend yield1.88%
Beta (5Y)0.58
Valuation & profitability ratios
Trailing P/E14.20
Forward P/E12.75
PEG ratio2.06
Price / sales—
Price / book1.93
EV / revenue3.64
EV / EBITDA—
Gross margin0.00%
Operating margin45.13%
Profit margin31.64%
Return on equity14.69%
Return on assets1.75%
Debt / equity—
Current ratio—
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Total revenue | $1.77B | $1.67B | $1.58B | $1.52B |
| Cost of revenue | $0 | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 | $0 |
| R&D | — | — | — | — |
| SG&A | — | — | — | — |
| Operating income | — | — | — | — |
| Pre-tax income | — | — | — | — |
| Tax provision | $0 | $0 | $0 | $0 |
| Net income | $566.25M | $526.33M | $477.06M | $488.40M |
| EBIT | $0 | $0 | $0 | $0 |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Cash & equivalents | — | — | — | — |
| Short-term investments | — | — | — | — |
| Net receivables | — | — | — | — |
| Inventory | — | — | — | — |
| Total current assets | — | — | — | — |
| Total assets | — | — | — | — |
| Total current liabilities | — | — | — | — |
| Long-term debt | — | — | — | — |
| Total liabilities | — | — | — | — |
| Retained earnings | — | — | — | — |
| Shareholder equity | — | — | — | — |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Net income | $566.25M | $526.33M | $477.06M | $488.40M |
| Depreciation | — | — | — | — |
| Change in working capital | — | — | — | — |
| Operating cash flow | — | — | — | — |
| Capital expenditure | — | — | — | — |
| Investing cash flow | — | — | — | — |
| Dividends paid | — | — | — | — |
| Buybacks | — | — | — | — |
| Financing cash flow | — | — | — | — |
| Net change in cash | — | — | — | — |
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 1.05 | 1.10 | +5.3% |
| Mar 2026 | 0.93 | 1.05 | +12.8% |
| Dec 2025 | 1.00 | 1.01 | +1.4% |
| Sep 2025 | 1.05 | 1.01 | -4.0% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 1.09 | 8 | $500.95M | +13.0% |
| Next quarter | 1.09 | 9 | $505.81M | +12.6% |
| Current year | 4.29 | 8 | $1.99B | +12.2% |
| Next year | 4.58 | 9 | $2.06B | +3.8% |
Analyst targets & ownership
Mean target$65.22
High target$73.00
Low target$62.00
Implied upside11.24%
Analyst count9
ConsensusHOLD
Strong buy / Buy0 / 1
Hold8
Sell / Strong sell0 / 0
Held by insiders2.50%
Held by institutions78.15%
Institutions holding639
Price targets, consensus spread, insider and institutional ownership.
Insider net activity
Net shares
+114.93K
Net buying
Buy transactions
32
150.05K shares
Sell transactions
9
35.12K shares
Net transactions
+41
Buys less sells
Sell : buy shares
0.2 : 1
Mixed
Insider-held shares
3.58M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Aug 14, 26 | ORF DAVID L Officer |
CONVERSION | 2.55K | $98.22K | Direct |
| Aug 14, 26 | ORF DAVID L Officer |
SELL | 642 | $38.74K | Direct |
| Aug 4, 26 | ROLLER DAVID L Officer |
CONVERSION | 3.51K | $139.93K | Direct |
| Aug 4, 26 | ROLLER DAVID L Officer |
SELL | 830 | $50.03K | Direct |
| Jul 30, 26 | HOLMES ROBERT S. JR Officer |
SELL | 5.00K | $301.00K | Direct |
| Jul 29, 26 | KEMPER JOHN W Chief Executive Officer |
CONVERSION | 26.39K | $1.02M | Direct |
| Jul 29, 26 | KEMPER JOHN W Chief Executive Officer |
SELL | 5.83K | $353.19K | Direct |
| Jul 28, 26 | BROOKS DERRICK Officer |
SELL | 1.04K | $62.08K | Direct |
| Jul 27, 26 | KIM CHARLES G Chief Financial Officer |
CONVERSION | 9.66K | $352.08K | Direct |
| Jul 27, 26 | KIM CHARLES G Chief Financial Officer |
SELL | 19.77K | $1.17M | Direct |
| Jul 1, 26 | BARTH KEVIN G Officer |
STOCK | 44.26K | $2.60M | Direct |
| Jul 1, 26 | KIM CHARLES G Chief Financial Officer |
STOCK | 44.26K | $2.60M | Direct |
| Jun 23, 26 | BARTH KEVIN G Officer |
STOCK | 120 | $6.63K | Direct |
| Jun 23, 26 | KEMPER DAVID W. Officer and Director |
STOCK | 131 | $7.24K | Indirect |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
BARTH KEVIN G |
Officer | 179.71K | Stock Award(Grant) |
BRAUER BLACKFORD F. |
Director | 46.94K | Stock Award(Grant) |
HANDY JOHN K. |
Officer | 62.77K | Stock Award(Grant) |
HOLMES ROBERT S. JR |
Officer | 55.96K | Sale |
KEMPER DAVID W. |
Officer and Director | — | Stock Award(Grant) |
KEMPER JOHN W |
Chief Executive Officer | 490.62K | Conversion of Exercise of derivative security |
KEMPER JONATHAN MCBRIDE |
Director | 1.66M | Stock Award(Grant) |
KIM CHARLES G |
Chief Financial Officer | 175.12K | Conversion of Exercise of derivative security |
ORF DAVID L |
Officer | 49.94K | Conversion of Exercise of derivative security |
PETERSEN PAULA S |
Officer | 48.67K | Stock Gift |
Moving averages & technicals
SMA 10
59.30
-1.12% from price
SMA 20
59.42
-1.76% from price
SMA 50
58.26
+0.21% from price
SMA 100
54.87
+6.85% from price
SMA 200
53.41
+9.31% from price
EMA 12
59.19
-0.95% from price
EMA 26
58.96
-0.56% from price
EMA 50
57.88
+1.29% from price
RSI (14)
44.8
Neutral
MACD (12,26,9)
0.23
Hist -0.23
ATR (14)
0.88
1.51% of price
Realised vol 30D
13.1%
Annualised
Bollinger upper
60.49
20, 2σ
Bollinger lower
58.35
20, 2σ
50 / 200 cross
Golden
58.26 vs 53.41
Trend bias
Above 200
+9.31%
Risk profile
Beta vs SPY
0.35
Less volatile than market
Correlation to SPY
0.22
Largely independent
Realised vol 30D
13.1%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-20.7%
Peak to trough
Max drawdown 5Y
-42.1%
Peak to trough
ATR 14
0.88
1.51% of price
Beta (reported)
0.58
5Y monthly, from filing
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Options analytics
Put / call volume
—
—
Put / call open interest
0.00
Positioning, not flow
Max pain
60.00
+2.8% from spot
ATM implied vol
85.4%
Nearest strike to spot
Skew (10% OTM)
—
—
Call volume
0
Contracts, this expiry
Put volume
0
Contracts, this expiry
Heaviest call OI
60.00
125 contracts
Heaviest put OI
—
—
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Headlines
Commerce Bancshares (CBSH) Stock Looks Like A Bargain On Cash Flow But Full On Earnings
Simply Wall St. · 3d ago
3 Small-Cap Stocks with Warning Signs
StockStory · 3d ago
3 Unpopular Stocks with Questionable Fundamentals
StockStory · 12d ago
Commerce Bancshares Insider Sold Shares Worth $301,000, According to a Recent SEC Filing
MT Newswires · 22d ago
Commerce Bancshares, Inc. Declares Cash Dividend on Common Stock
Business Wire · 22d ago
Commerce Bancshares Insider Sold Shares Worth $1,170,028, According to a Recent SEC Filing
MT Newswires · 24d ago
QCR Holdings, Inc. (QCRH) Hits Fresh High: Is There Still Room to Run?
Zacks · 24d ago
Commerce (CBSH) Moves to Buy: Rationale Behind the Upgrade
Zacks · 32d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.