Commerce Bancshares CFO Charles Kim sells $1.17m in stock By Investing.com

Charles G. Kim, Executive Vice President and Chief Financial Officer of Commerce Bancshares Inc. (), recently reported transactions involving the company’s common stock. On July 27, 2026, Mr. Kim sold 19,771 shares of Commerce Bancshares common stock for a total value of approximately $1,170,028. The shares were sold at prices ranging from $59.045 to $59.375. The sale came as the stock trades near its 52-week high of $60.92, though InvestingPro analysis suggests the $8.68 billion bank remains undervalued at current levels, with shares trading at a P/E ratio of 14.79.

Concurrently, Mr. Kim acquired 9,662 shares of common stock through the exercise of stock appreciation rights. These shares were acquired at an exercise price of $36.4398 per share, totaling approximately $352,081. The stock appreciation rights vested in four equal annual installments beginning January 31, 2018, and are set to expire on January 31, 2027.

In related transactions on the same date, Mr. Kim also disposed of 1,646 shares of common stock at a price of $59.43 per share, amounting to approximately $97,821. Additionally, 5,925 shares were disposed of in another transaction at the same price of $59.43 per share, totaling approximately $352,122.

Following these reported transactions, Mr. Kim directly holds 119,410 shares of Commerce Bancshares common stock. He also indirectly holds 55,711 shares through a 401(k) plan.

In other recent news, Commerce Bancshares reported its second-quarter financial results, surpassing analysts’ expectations. The company announced adjusted earnings per share of $1.10, exceeding the consensus estimate of $1.06. Additionally, Commerce Bancshares reported revenue of $498.91 million, which was higher than the anticipated $493.46 million. In another development, Keefe, Bruyette & Woods raised its price target for Commerce Bancshares to $62 from $60, while maintaining a Market Perform rating. The firm cited the company’s core net interest income as a factor, despite a minor miss in pre-provision net revenue expectations. Loan growth is projected to remain in the low single digits, with commercial and industrial lending expected to counterbalance a reduction in commercial real estate. These updates provide investors with insights into the company’s recent performance and expectations.

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