Commerce Bancshares president and CEO Kemper sells $353,190 stock By Investing.com

John W. Kemper, President and CEO of Commerce Bancshares (), reported the sale of company common stock totaling $353,190 on July 29, 2026. Mr. Kemper disposed of 5,830 shares at an average price of $60.5815 per share, with sale prices ranging from $60.565 to $60.62. The sale occurred with the stock trading near its 52-week high of $60.92, according to InvestingPro data. The $8.6 billion bank currently appears undervalued based on InvestingPro’s Fair Value analysis, with shares trading at a P/E ratio of 14.66.

The filing also indicated other dispositions of common stock by Mr. Kemper on the same date. He disposed of 1,618 shares and 2,165 shares, totaling $229,444, with prices ranging from $60.63 to $60.68. Additionally, 6,179 shares and 10,594 shares were disposed of, amounting to $1,017,255, also at prices ranging from $60.63 to $60.68.

Prior to these dispositions, Mr. Kemper acquired 10,289 shares and 16,097 shares of common stock through the exercise of Stock Appreciation Rights (SARs), for a total value of $1,017,194. The acquisition prices ranged from $36.4398 to $39.8997. These SARs vested in four equal annual installments, with one series beginning January 31, 2018, and another beginning January 24, 2019.

Following these transactions, Mr. Kemper directly holds 206,528 shares of Commerce Bancshares common stock. He also indirectly holds 284,092 shares through Tower Properties Co.

In other recent news, Commerce Bancshares reported its second-quarter financial results, surpassing analyst expectations. The company announced adjusted earnings per share of $1.10, which was higher than the consensus estimate of $1.06. Additionally, Commerce Bancshares reported revenue of $498.91 million, exceeding the projected $493.46 million. In a separate development, Keefe, Bruyette & Woods adjusted its price target for Commerce Bancshares, raising it from $60 to $62 while maintaining a Market Perform rating. The firm highlighted that the company’s pre-provision net revenue slightly missed expectations due to core net interest income. However, it noted that loan growth is anticipated to be in the low single digits, with gains in commercial and industrial lending helping to balance reductions in commercial real estate. These recent developments provide insight into the company’s financial performance and market expectations.

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