CBSH
Commerce Bancshares, Inc.
NasdaqGSUSDEQUITY
Financial Services
DELAYED
Neutral
+3/100
Last price
54.78
▼ 0.36 (0.65%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
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Open
54.97
Prev close
55.14
Day high
55.39
Day low
54.52
Volume
662.93K
Market cap
$7.86B
P/E (TTM)
13.53
52W range
46.99 – 60.92
Day trading desk
Gap from prior close
-0.31%
Prior close 55.14
VWAP
54.80
-0.04% from price
Relative volume
0.39×
Quiet session
Session range
1.69%
54.52 – 55.44
Position in range
28%
Near session low
ATR (14D)
0.94
1.72% of price
Prior day high
55.75
PDH
Prior day low
54.54
PDL
Bid / ask spread
—
Quote not published
Session volume
405.56K
Avg 1.04M
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
-0.99%
-2.9%
1M
-6.15%
-7.3%
3M
-4.88%
-9.4%
6M
+9.63%
-8.6%
YTD
+4.66%
-9.6%
1Y
-2.79%
-19.2%
3Y
+32.17%
-50.1%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
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.
Free account
5 more panels on CBSH open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
+106.66K
Net buying
Buy transactions
20
140.64K shares
Sell transactions
8
33.98K shares
Net transactions
+28
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 |
|---|---|---|---|---|---|
| Sep 22, 26 | BARTH KEVIN G Officer |
STOCK | 118 | $6.68K | Direct |
| Sep 4, 26 | UPTON JENNIFER B Officer |
CONVERSION | 440 | $16.95K | Direct |
| Aug 27, 26 | NEFF DOUGLAS D Officer |
SELL | 666 | $38.73K | Direct |
| Aug 27, 26 | NEFF DOUGLAS D Officer |
CONVERSION | 2.79K | $107.45K | Direct |
| Aug 14, 26 | ORF DAVID L Officer |
SELL | 642 | $38.74K | Direct |
| Aug 14, 26 | ORF DAVID L Officer |
CONVERSION | 2.55K | $98.22K | Direct |
| Aug 4, 26 | ROLLER DAVID L Officer |
SELL | 830 | $50.03K | Direct |
| Aug 4, 26 | ROLLER DAVID L Officer |
CONVERSION | 3.51K | $139.93K | Direct |
| Jul 30, 26 | HOLMES ROBERT S. JR Officer |
SELL | 5.00K | $301.00K | Direct |
| Jul 29, 26 | KEMPER JOHN W Chief Executive Officer |
SELL | 5.83K | $353.19K | Direct |
| Jul 29, 26 | KEMPER JOHN W Chief Executive Officer |
CONVERSION | 26.39K | $1.02M | Direct |
| Jul 28, 26 | BROOKS DERRICK Officer |
SELL | 1.04K | $62.08K | Direct |
| Jul 27, 26 | KIM CHARLES G Chief Financial Officer |
SELL | 19.77K | $1.17M | Direct |
| Jul 27, 26 | KIM CHARLES G Chief Financial Officer |
CONVERSION | 9.66K | $352.08K | Direct |
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 | 180.37K | 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 | Sale |
KEMPER JONATHAN MCBRIDE |
Director | 1.66M | Stock Award(Grant) |
KIM CHARLES G |
Chief Financial Officer | 175.12K | Sale |
ORF DAVID L |
Officer | 49.94K | Sale |
PETERSEN PAULA S |
Officer | 48.67K | Stock Gift |
Fundamentals
Market cap$7.86B
Enterprise value$6.19B
Revenue (TTM)$1.84B
Gross profit$1.84B
EBITDA—
Net income$578.21M
EPS (TTM)$4.05
Free cash flow—
Total cash$4.16B
Total debt$2.47B
Book value / share$30.23
Shares outstanding143.43M
Float131.45M
Short % of float4.56%
Dividend yield1.99%
Beta (5Y)0.59
Valuation & profitability ratios
Trailing P/E13.53
Forward P/E12.00
PEG ratio2.06
Price / sales—
Price / book1.81
EV / revenue3.36
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 | YoY |
|---|---|---|---|---|---|
| Total revenue | $1.77B | $1.66B | $1.59B | $1.51B | +6.3% |
| Operating revenue | $1.77B | $1.66B | $1.59B | $1.51B | +6.3% |
| Selling, general & admin | $663.19M | $646.70M | $641.74M | $588.46M | +2.6% |
| Pre-tax income | $731.84M | $679.49M | $619.73M | $632.38M | +7.7% |
| Tax provision | $161.14M | $145.09M | $134.55M | $132.36M | +11.1% |
| Net income | $566.25M | $526.33M | $477.06M | $488.40M | +7.6% |
| Net income to common | $560.87M | $521.42M | $472.82M | $483.95M | +7.6% |
| Basic EPS | 4.04 | 3.70 | 3.30 | 3.33 | +9.3% |
| Diluted EPS | 4.04 | 3.69 | 3.30 | 3.33 | +9.6% |
| Basic shares | 140.16M | 142.43M | 144.49M | 146.47M | -1.6% |
| Diluted shares | 140.16M | 142.43M | 144.49M | 146.47M | -1.6% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $3.55B | $3.37B | $2.68B | $841.64M | +5.2% |
| Property, plant & equipment | $485.70M | $475.27M | $469.06M | $418.91M | +2.2% |
| Goodwill & intangibles | $159.85M | $160.17M | $160.72M | $154.16M | -0.2% |
| Total assets | $32.92B | $32.00B | $31.70B | $31.88B | +2.9% |
| Long-term debt | $12.80M | $56.00K | $1.40M | $9.67M | +22,753.6% |
| Total debt | $12.80M | $56.00K | $1.40M | $9.67M | +22,753.6% |
| Total liabilities | $29.10B | $28.66B | $28.74B | $29.39B | +1.5% |
| Retained earnings | $131.83M | $45.49M | $53.18M | $31.62M | +189.8% |
| Shareholder equity | $3.79B | $3.31B | $2.94B | $2.47B | +14.5% |
| Net tangible assets | $3.63B | $3.15B | $2.78B | $2.31B | +15.3% |
| Shares issued | 138.59M | 141.97M | 144.50M | 145.70M | -2.4% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $570.70M | $534.40M | $485.18M | $500.02M | +6.8% |
| Depreciation & amortisation | $56.50M | $54.08M | $49.51M | $46.86M | +4.5% |
| Stock-based compensation | $17.27M | $17.03M | $17.05M | $17.00M | +1.4% |
| Change in working capital | -$24.97M | -$17.00M | $45.25M | -$38.32M | -46.9% |
| Operating cash flow | $645.14M | $577.86M | $488.77M | $559.38M | +11.6% |
| Capital expenditure | -$52.75M | -$46.13M | -$88.07M | -$65.19M | -14.3% |
| Investing cash flow | -$462.37M | $483.79M | $2.18B | $242.27M | -195.6% |
| Share buybacks | -$207.57M | -$170.47M | -$76.37M | -$186.62M | -21.8% |
| Dividends paid | -$150.24M | -$145.09M | -$134.73M | -$127.47M | -3.5% |
| Financing cash flow | -$11.04M | -$372.94M | -$883.12M | -$4.20B | +97.0% |
| Free cash flow | $592.39M | $531.73M | $400.69M | $494.19M | +11.4% |
| End cash position | $3.55B | $3.38B | $2.69B | $897.80M | +5.1% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $511.74M | $487.34M | $452.29M | $448.85M | $446.20M | +5.0% |
| Operating revenue | $511.74M | $487.34M | $452.29M | $448.85M | $446.20M | +5.0% |
| Selling, general & admin | $190.21M | $191.66M | $169.01M | $167.21M | $164.31M | -0.8% |
| Pre-tax income | $205.94M | $185.25M | $183.30M | $184.77M | $196.16M | +11.2% |
| Tax provision | $45.77M | $40.88M | $40.62M | $41.15M | $42.40M | +12.0% |
| Net income | $159.79M | $141.62M | $140.66M | $141.52M | $152.48M | +12.8% |
| Net income to common | $158.38M | $140.31M | $139.33M | $140.18M | $151.02M | +12.9% |
| Basic EPS | 1.10 | 0.96 | 1.01 | 1.01 | 1.09 | +14.6% |
| Diluted EPS | 1.10 | 0.96 | 1.01 | 1.01 | 1.09 | +14.6% |
| Basic shares | 145.26M | 147.52M | 139.27M | 140.18M | 140.44M | -1.5% |
| Diluted shares | 145.26M | 147.52M | 139.27M | 140.18M | 140.44M | -1.5% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $2.91B | $3.84B | $3.55B | $2.95B | $3.15B | -24.4% |
| Property, plant & equipment | $527.68M | $527.21M | $485.70M | $483.00M | $477.40M | +0.1% |
| Goodwill & intangibles | $394.29M | $399.79M | $159.85M | $159.87M | $159.87M | -1.4% |
| Total assets | $35.27B | $35.72B | $32.92B | $32.29B | $32.28B | -1.3% |
| Long-term debt | $26.29M | $8.04M | $12.80M | $9.27M | $15.05M | +226.8% |
| Total debt | $26.29M | $8.04M | $12.80M | $9.27M | $15.05M | +226.8% |
| Total liabilities | $30.89B | $31.39B | $29.10B | $28.50B | $28.62B | -1.6% |
| Retained earnings | $353.02M | $233.09M | $131.83M | $360.72M | $255.94M | +51.5% |
| Shareholder equity | $4.36B | $4.30B | $3.79B | $3.77B | $3.64B | +1.3% |
| Net tangible assets | $3.96B | $3.90B | $3.63B | $3.61B | $3.48B | +1.6% |
| Shares issued | 148.28M | 148.52M | 138.59M | 141.97M | 141.97M | -0.2% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $160.17M | $144.37M | $142.68M | $143.62M | $153.76M | +10.9% |
| Depreciation & amortisation | $20.76M | $21.01M | $14.74M | $14.05M | $13.98M | -1.2% |
| Stock-based compensation | $6.44M | $6.14M | $4.41M | $4.39M | $4.04M | +4.9% |
| Change in working capital | -$27.43M | $47.41M | -$4.82M | -$3.76M | -$62.10M | -157.9% |
| Operating cash flow | $181.86M | $684.79M | $266.32M | $129.02M | $111.19M | -73.4% |
| Capital expenditure | -$12.77M | -$6.37M | -$13.74M | -$15.74M | -$10.68M | -100.4% |
| Investing cash flow | -$326.96M | $859.21M | -$62.09M | -$149.55M | $122.69M | -138.1% |
| Share buybacks | -$112.09M | -$84.26M | -$115.30M | -$25.22M | -$11.86M | -33.0% |
| Dividends paid | -$40.74M | -$41.88M | -$36.24M | -$37.00M | -$39.12M | +2.7% |
| Financing cash flow | -$790.34M | -$1.25B | $389.26M | -$171.59M | -$361.45M | +36.7% |
| Free cash flow | $169.09M | $678.42M | $252.58M | $113.28M | $100.51M | -75.1% |
| End cash position | $2.91B | $3.84B | $3.55B | $2.95B | $3.15B | -24.3% |
Options analytics
Put / call volume
0.05
Call-heavy session
Put / call open interest
0.05
Positioning, not flow
Max pain
50.00
-8.7% from spot
ATM implied vol
66.6%
Nearest strike to spot
Skew (10% OTM)
+3.3%
Puts bid over calls
Call volume
133
Contracts, this expiry
Put volume
6
Contracts, this expiry
Heaviest call OI
60.00
144 contracts
Heaviest put OI
50.00
12 contracts
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.
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 | 1.08 | 8 | $496.75M | +12.1% |
| Next quarter | 1.08 | 10 | $502.72M | +11.9% |
| Current year | 4.29 | 9 | $1.98B | +12.0% |
| Next year | 4.58 | 10 | $2.06B | +3.9% |
Analyst targets & ownership
Mean target$65.78
High target$77.00
Low target$60.00
Implied upside20.08%
Analyst count9
ConsensusHOLD
Strong buy / Buy1 / 1
Hold8
Sell / Strong sell0 / 0
Held by insiders2.50%
Held by institutions78.15%
Institutions holding638
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
55.38
-1.08% from price
SMA 20
56.48
-3.01% from price
SMA 50
57.97
-5.50% from price
SMA 100
56.75
-3.47% from price
SMA 200
54.25
+0.98% from price
EMA 12
55.62
-1.51% from price
EMA 26
56.50
-3.05% from price
EMA 50
56.99
-3.88% from price
RSI (14)
32.3
Neutral
MACD (12,26,9)
-0.88
Hist -0.12
ATR (14)
0.94
1.72% of price
Realised vol 30D
12.5%
Annualised
Bollinger upper
59.14
20, 2σ
Bollinger lower
53.82
20, 2σ
50 / 200 cross
Golden
57.97 vs 54.25
Trend bias
Above 200
+0.98%
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.
Risk profile
Beta vs SPY
0.35
Less volatile than market
Correlation to SPY
0.22
Largely independent
Realised vol 30D
12.5%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-16.1%
Peak to trough
Max drawdown 5Y
-42.1%
Peak to trough
ATR 14
0.94
1.72% of price
Beta (reported)
0.59
5Y monthly, from filing
Short interest
Shares short
6.41M
Prior 6.30M
Change vs prior
+1.8%
Shorts adding
% of float
4.56%
Normal
% of shares out
4.47%
Against total outstanding
Days to cover
7.1
Crowded exit
Float
131.45M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Oct 5, 26 | Piper Sandler | MAINTAINED | Neutral | Neutral |
| Sep 30, 26 | Wells Fargo | MAINTAINED | Equal-Weight | Equal-Weight |
| Sep 28, 26 | Morgan Stanley | MAINTAINED | Overweight | Overweight |
| Sep 8, 26 | Morgan Stanley | UPGRADE | Equal-Weight | Overweight |
| Aug 10, 26 | Wells Fargo | MAINTAINED | Equal-Weight | Equal-Weight |
| Jul 20, 26 | Keefe, Bruyette & Woods | MAINTAINED | Market Perform | Market Perform |
| Jul 17, 26 | Piper Sandler | MAINTAINED | Neutral | Neutral |
| Jul 17, 26 | Stephens & Co. | MAINTAINED | Equal-Weight | Equal-Weight |
| Jul 17, 26 | TD Cowen | MAINTAINED | Hold | Hold |
| Jul 15, 26 | Stephens & Co. | INITIATED | — | Equal-Weight |
| Jul 6, 26 | Wells Fargo | MAINTAINED | Equal-Weight | Equal-Weight |
| Jun 29, 26 | Morgan Stanley | MAINTAINED | Equal-Weight | Equal-Weight |
Dividends & splits
Forward rate$1.10 / yr
Forward yield1.99%
5-year avg yield1.76%
Payout ratio26.63%
Ex-dividend dateSep 4, 2026
Next pay dateSep 22, 2026
Last split105:100
Split dateDec 2, 2025
SEC filings
Periodic Financial Reports
10-Q · 2026-08-05
Corporate Changes & Voting Matters
8-K/A · 2026-07-17
Corporate Changes & Voting Matters
8-K · 2026-07-16
Corporate Changes & Voting Matters
8-K · 2026-07-06
Annual report of employee stock purchase
11-K · 2026-06-22
Corporate Changes & Voting Matters
8-K · 2026-05-12
Periodic Financial Reports
10-Q · 2026-05-07
Corporate Changes & Voting Matters
8-K · 2026-04-28
Headlines
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PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
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