Market Cap
$7.9B
CBSH
COMMERCE BANCSHARES INC /MO/
$55.10 ▲ +0.49%
Prev close $54.83Market cap$7.9B
ConsensusSell
12-mo target$66.44 (+20.6%)
▲ Neutral
Analyst conviction 4/10
Insider Selling Cluster (2 insiders)34 New Institutional Positions16 Institutional Exits Traditional Finance
Snapshot
The big-picture read on CBSH right now — valuation, ownership and activity at a glance.
Cap Size
Mid Cap
Analyst Consensus
Hold (38%)
Inst. Holders
50 funds
Inst. Value
$5.5B
Inst. Activity
34 buys / 16 sells
Insider Activity
$0.00 buy / $2.0M sell
Insider Net $
-$2.0M
SEC Reports
13
Price chart 30d -4.9%
Daily candles (open–high–low–close) with volume. Green = up day, red = down day.
No data for this timeframe.
Vol
Recent activity
The latest filings, insider trades, analyst actions, press and options flow — newest first.
Sep 22, 2026 Insider
KEMPER DAVID W was granted 128 shares
Executive Chairman @ $56.64 ($7.3K)
Sep 22, 2026 Insider
BARTH KEVIN G was granted 118 shares
Executive Vice President @ $56.64 ($6.7K)
Sep 7, 2026 dark_pool
Dark Pool: CBSH — 0.8M shares, 26,165 trades
Week starting 2026-09-07. Total ATS volume: 782,602 shares across 26,165 trades.
Sep 4, 2026 Insider
Aug 14, 2026 SEC UPTON JENNIFER B acquired via exercise 220 shares
Senior Vice President @ $37.91 ($8.3K)
A significant institutional cluster shows 14 buyers accumulating $119.2M in CBSH during 2026-Q2, led by a massive $98.7M
INST-CLUSTER — Impact 5/10
A cluster of insider selling at Commerce Bancshares (CBSH) over the past week, led by the President & CEO and an Executi
CLUSTER — Impact 3/10
A cluster of insider selling at Commerce Bancshares over the past week, led by the CFO ($1.17M open-market sale) and CEO
CLUSTER — Impact 3/10
Jun 30, 2026 Inst.
CITADEL ADVISORS LLC — DOUBLED
2,075,423 shares ($119.9M)
Analyst ratings buy % -5.0%
How Wall Street rates the stock today, and the latest firm-by-firm actions.
38% rate it Buy or better · 16 analysts
Recent analyst actions
| Date | Firm | Action | Rating | Firm rating |
|---|---|---|---|---|
| Sep 30, 2026 | Wells Fargo | MAINTAIN | Equal-Weight | 54% |
| Sep 28, 2026 | Morgan Stanley | MAINTAIN | Overweight | 55% |
| Sep 8, 2026 | Morgan Stanley | UPGRADE | Overweight | 55% |
| Aug 10, 2026 | Wells Fargo | MAINTAIN | Equal-Weight | 54% |
| Jul 20, 2026 | Keefe, Bruyette & Woods | MAINTAIN | Market Perform | 58% |
| Jul 17, 2026 | Piper Sandler | MAINTAIN | Neutral | 54% |
| Jul 17, 2026 | Stephens & Co. | MAINTAIN | Equal-Weight | 54% |
| Jul 17, 2026 | TD Cowen | MAINTAIN | Hold | 56% |
| Jul 15, 2026 | Stephens & Co. | INITIATE | Equal-Weight | 54% |
| Jul 6, 2026 | Wells Fargo | MAINTAIN | Equal-Weight | 54% |
Monthly consensus history
| Period | Str. Buy | Buy | Hold | Sell | Str. Sell | Buy % | Distribution |
|---|---|---|---|---|---|---|---|
| Sep 1, 2026 | 2 | 4 | 10 | 0 | 0 | 38% | |
| Aug 1, 2026 | 2 | 4 | 9 | 0 | 0 | 40% | |
| Jul 1, 2026 | 2 | 4 | 8 | 0 | 0 | 43% | |
| Jun 1, 2026 | 2 | 4 | 8 | 0 | 0 | 43% | |
| May 1, 2026 | 2 | 4 | 8 | 0 | 0 | 43% | |
| Apr 1, 2026 | 2 | 4 | 9 | 0 | 0 | 40% | |
| Mar 1, 2026 | 2 | 4 | 9 | 0 | 0 | 40% | |
| Feb 1, 2026 | 2 | 4 | 8 | 0 | 0 | 43% |
Price targets
Where 9 covering analysts think CBSH trades over the next 12 months.
$66.44 +20.6% upside Strong Buy
Current$55.10 Low$61.00 Median$64.00 High$77.00 9 analysts
$61.00$77.00
Analyst rating Hold· 2.7/5 as of Oct 2, 2026
Reports & filings
AI-scored summaries of recent SEC filings and press releases, with sentiment and impact.
13 SEC filing reports analyzed · 1 bullish, 0 bearish, 2 mixed, 10 neutral · avg impact 3.3/10.
BULLISHINST-CLUSTER5/10
A significant institutional cluster shows 14 buyers accumulating $119.2M in CBSH during 2026-Q2, led
Aug 14, 2026
NEUTRALCLUSTER3/10
A cluster of insider selling at Commerce Bancshares (CBSH) over the past week, led by the President
Aug 6, 2026
NEUTRALCLUSTER3/10
A cluster of insider selling at Commerce Bancshares over the past week, led by the CFO ($1.17M open-
Jul 31, 2026
NEUTRALCLUSTER2/10
Commerce Bancshares CEO John Kemper and CFO Charles Kim executed a cluster of insider sales totaling
Jul 30, 2026
Upcoming & catalyst events
Scheduled dates plus disclosed catalysts — earnings, dividends, enforcement, FDA and clinical-trial events. Colored dot = impact.
Sep 7, 2026
dark_pool
Dark Pool: CBSH — 0.8M shares, 26,165 trades
Week starting 2026-09-07. Total ATS volume: 782,602 shares across 26,165 trades.
Aug 31, 2026
dark_pool
Dark Pool: CBSH — 0.9M shares, 28,512 trades
Week starting 2026-08-31. Total ATS volume: 852,828 shares across 28,512 trades.
Aug 24, 2026
dark_pool
Dark Pool: CBSH — 0.9M shares, 28,544 trades
Week starting 2026-08-24. Total ATS volume: 883,021 shares across 28,544 trades.
Aug 17, 2026
dark_pool
Dark Pool: CBSH — 1.1M shares, 29,453 trades
Week starting 2026-08-17. Total ATS volume: 1,071,399 shares across 29,453 trades.
Aug 10, 2026
dark_pool
Dark Pool: CBSH — 0.9M shares, 31,451 trades
Week starting 2026-08-10. Total ATS volume: 882,153 shares across 31,451 trades.
Earnings estimates
Forecast earnings per share and revenue by period — and whether estimates are rising.
| Period | EPS Est. | Range | Growth | 30d Rev | Up/Dn | Revenue | # |
|---|---|---|---|---|---|---|---|
| Current Q | $1.09 | $1.04–$1.12 | 7.6% | -0.7% | 5↑ 1↓ | $0.5B | 8 |
| Next Q | $1.08 | $0.98–$1.15 | 7.2% | -0.5% | 6↑ 1↓ | $0.5B | 10 |
| Current FY | $4.30 | $4.23–$4.40 | 6.3% | -0.2% | 6↑ 0↓ | $2.0B | 9 |
| Next FY | $4.58 | $4.40–$4.79 | 8.1% | +0.1% | 7↑ 0↓ | $2.1B | 10 |
Current-quarter EPS estimate — revision history
| When | EPS estimate | Change vs now |
|---|---|---|
| Current | $1.086 | — |
| 7d ago | $1.090 | -0.004 |
| 30d ago | $1.094 | -0.008 |
| 60d ago | $1.089 | -0.003 |
| 90d ago | $1.060 | +0.026 |
Institutional ownership
Which big funds own CBSH (from quarterly 13F filings) and who is adding or trimming.
50 institutional holders with $5.5B total value (95,541,174 shares) as of 2026-Q2. Top holders: BlackRock,, VANGUARD, STATE. Net buying activity: 34 institutions added/increased vs 16 reduced.
Top holders — 2026-Q2
| Fund | Shares | Value | % Tracked | Last move |
|---|---|---|---|---|
| BlackRock, Inc. | 13,085,173 | $755.7M | 13.7% | — |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 9,024,602 | $521.2M | 9.4% | — |
| STATE STREET CORP | 7,353,946 | $424.7M | 7.7% | — |
| AQR CAPITAL MANAGEMENT LLC | 6,544,830 | $378.0M | 6.8% | — |
| VANGUARD CAPITAL MANAGEMENT LLC | 6,214,564 | $358.9M | 6.5% | — |
| AMERICAN CENTURY COMPANIES INC | 5,937,371 | $342.9M | 6.2% | — |
| COMMERCE BANK | 5,472,030 | $316.0M | 5.7% | — |
| DIMENSIONAL FUND ADVISORS LP | 4,164,812 | $240.5M | 4.4% | — |
| GEODE CAPITAL MANAGEMENT, LLC | 3,008,073 | $173.8M | 3.1% | — |
| FIRST TRUST ADVISORS LP | 2,253,013 | $130.1M | 2.4% | — |
Recent position changes
| Fund | Action | Prev | Current | Change | Value |
|---|---|---|---|---|---|
| CITADEL ADVISORS LLC | DOUBLED | 747,841 | 2,075,423 | +177.5% | $119.9M |
| NORGES BANK | NEW | — | 1,709,540 | — | $98.7M |
| BANK OF AMERICA CORP /DE/ | ADD | 1,032,011 | 1,442,908 | +39.8% | $83.3M |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | ADD | 612,159 | 1,143,273 | +86.8% | $66.0M |
| BALYASNY ASSET MANAGEMENT L.P. | DOUBLED | 141,748 | 1,133,752 | +699.8% | $65.5M |
| GOLDMAN SACHS GROUP INC | ADD | 754,695 | 1,087,536 | +44.1% | $62.8M |
| Alyeska Investment Group, L.P. | NEW | — | 562,834 | — | $32.5M |
| Nuveen, LLC | ADD | 250,060 | 480,385 | +92.1% | $27.7M |
| MILLENNIUM MANAGEMENT LLC | TRIM | 648,886 | 440,252 | -32.2% | $25.4M |
| D. E. Shaw & Co., Inc. | TRIM | 674,301 | 413,978 | -38.6% | $23.9M |
Insider activity
Buying and selling by company executives and directors (SEC Form 4).
19 insiders, 50 transactions. Net -$2.0M — $0.00 bought, $2.0M sold.
| Date | Insider | Title | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| Sep 22, 2026 | KEMPER DAVID W | Executive Chairman | AWARD | 128 | $56.64 | $7.3K |
| Sep 22, 2026 | BARTH KEVIN G | Executive Vice President | AWARD | 118 | $56.64 | $6.7K |
| Sep 4, 2026 | UPTON JENNIFER B | Senior Vice President | EXERCISE | 220 | $37.91 | $8.3K |
| Sep 4, 2026 | UPTON JENNIFER B | Senior Vice President | EXERCISE | 220 | $39.14 | $8.6K |
| Sep 4, 2026 | UPTON JENNIFER B | Senior Vice President | TAX W/H | 23 | $58.51 | $1.3K |
| Sep 4, 2026 | UPTON JENNIFER B | Senior Vice President | TAX W/H | 21 | $58.52 | $1.2K |
| Sep 4, 2026 | UPTON JENNIFER B | Senior Vice President | D | 143 | $58.51 | $8.4K |
| Sep 4, 2026 | UPTON JENNIFER B | Senior Vice President | D | 148 | $58.52 | $8.7K |
| Aug 27, 2026 | Neff Douglas D | Senior Vice President | TAX W/H | 273 | $58.10 | $15.9K |
| Aug 27, 2026 | Neff Douglas D | Senior Vice President | EXERCISE | 1,393 | $37.91 | $52.8K |
Short interest & halts
FINRA semi-monthly short positions, Reg SHO threshold status, and recent trading halts for CBSH.
Shares short
6,413,757
Settlement Sep 15, 2026
Change vs prior
-2.2%
Semi-monthly cycle
Days to cover
6.9
At avg daily volume
Of shares outstanding
≈4.5%
Estimate — not % of float
All CBSH filing & press-release reports (13)
- INST-CLUSTER reportAug 14, 2026
- CLUSTER reportAug 6, 2026
- CLUSTER reportJul 31, 2026
- CLUSTER reportJul 30, 2026
- CLUSTER reportJul 30, 2026
- 8-K reportJul 6, 2026
- 8-K reportMay 7, 2026
- 8-K reportApr 28, 2026
- 8-K reportApr 27, 2026
- 8-K reportApr 21, 2026
- DEFA14A reportMar 13, 2026
- CLUSTER reportMar 11, 2026
- CLUSTER reportMar 9, 2026