Senior Vice President Patricia Kellerhals sold 2,000 shares of Commerce Bancshares Inc (CBSH, Financial) on September 16, 2024, as reported in a recent SEC Filing. Following this transaction, the insider now owns 23,381 shares of the company.
Commerce Bancshares Inc operates as a bank offering a broad array of financial products and services including business and personal banking, lending, and wealth management. The company primarily operates in the Midwest of the United States.
Over the past year, the insider has sold a total of 5,391 shares and has not made any purchases. The overall insider transaction history for Commerce Bancshares Inc shows a trend with 1 insider buy and 34 insider sells over the past year.
On the day of the sale, shares of Commerce Bancshares Inc were trading at $62.23. This pricing gives the company a market cap of approximately $8.02 billion. The price-earnings ratio of the stock stands at 16.89, which is above the industry median of 10.2.
According to the GF Value, the intrinsic value of the stock is estimated at $69.56, suggesting that Commerce Bancshares Inc is modestly undervalued with a price-to-GF-Value ratio of 0.89.
The GF Value is calculated based on historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and expected future business outcomes.
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.
