On July 31, 2024, June Fowler, Director at Commerce Bancshares Inc (CBSH, Financial), executed a sale of 1,535 shares of the company, according to the SEC Filing. Post transaction, the insider now owns 2,722 shares of Commerce Bancshares Inc.
Commerce Bancshares Inc operates as a bank offering a full line of banking services, including payment solutions, investment management, and securities brokerage. The company operates through its subsidiary, Commerce Bank.
The shares were sold at a price of $65.16, valuing the transaction at approximately $99,920.60. This sale contributes to a total of 34 insider sells over the past year, compared to 2 insider buys in the same period.
Shares of Commerce Bancshares Inc were trading at $65.16 on the day of the transaction, giving the company a market cap of approximately $7.88 billion. The price-earnings ratio stands at 16.58, which is above the industry median of 10.37.
The stock's GF Value is estimated at $71.16, indicating that it is modestly undervalued with a price-to-GF-Value ratio of 0.92.
The GF Value is calculated considering historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This insider sale follows a trend in the company where the number of insider sells significantly outweighs the buys, suggesting a prevailing inclination among insiders to sell their shares over the past year.
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.
