On July 25, 2024, Robert Holmes, Executive Vice President of Commerce Bancshares Inc (CBSH, Financial), executed a sale of 3,795 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 50,293 shares of Commerce Bancshares Inc.
Commerce Bancshares Inc operates as a bank offering a broad array of financial products and services including business and personal banking, lending services, and wealth management. The company operates primarily across the Midwest of the United States.
Over the past year, Robert Holmes has sold a total of 8,795 shares and has not made any purchases of the company's stock. This recent transaction is part of a broader trend observed within the company, where there have been 30 insider sells and only 2 insider buys over the past year.
Shares of Commerce Bancshares Inc were priced at $64.75 on the day of the transaction. The company currently holds a market cap of approximately $8.39 billion. The price-earnings ratio stands at 17.64, which is above both the industry median of 10.36 and the company's historical median.
The GF Value of Commerce Bancshares Inc is estimated at $71.11, suggesting that the stock is Fairly Valued with a price-to-GF-Value ratio of 0.91. The GF Value is calculated considering historical trading multiples, an adjustment factor based on past returns and growth, and future business performance estimates.
This insider sale might interest investors tracking insider behaviors as an indicator of the company's future performance and stock valuation. The consistent insider selling activity could be a point of analysis for potential investors and market analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
