Commerce Bancshares Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

DB:CB5 Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
13 Mar 26	Buy€104,258	Timothy Dunn	Individual	2,500	€41.70
05 Mar 26	Sell€38,484	Margaret Rowe	Individual	861	€44.70
05 Mar 26	Sell€42,225	Kim Jakovich	Individual	949	€44.49
11 Feb 26	Sell€346,210	Kevin Barth	Individual	7,457	€46.43
05 Feb 26	Sell€1,071,405	John Kemper	Individual	23,397	€45.79
04 Feb 26	Sell€52,384	David Roller	Individual	1,134	€46.19
04 Feb 26	Sell€48,155	Derrick Brooks	Individual	1,044	€46.13
03 Feb 26	Sell€94,430	David Roller	Individual	2,092	€45.14
30 Jan 26	Sell€125,789	David Kemper	Individual	2,842	€44.26
13 May 25	Sell€58,730	Patricia Kellerhals	Individual	1,050	€55.93
01 May 25	Sell€87,128	June Fowler	Individual	1,698.9	€51.28

Insider Trading Volume

Insider Buying: CB5 insiders have sold more shares than they have bought in the past 3 months.

Ownership Breakdown

What is the ownership structure of CB5?
Owner Type	Number of Shares	Ownership Percentage
State or Government	104,678	0.0713%
Public Companies	284,092	0.193%
Individual Insiders	4,035,909	2.75%
Private Companies	8,462,359	5.76%
General Public	33,718,399	23%
Institutions	100,273,836	68.3%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 57.05% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
10%	The Vanguard Group, Inc.	14,690,039	€604.7m	2.93%	0.01%
8.31%	BlackRock, Inc.	12,208,923	€502.5m	-1.56%	0.01%
5.76%	Commerce Bank	8,462,359	€348.3m	10.2%	no data
4.98%	State Street Global Advisors, Inc.	7,318,898	€301.3m	3.23%	0.01%
3.85%	Commerce Investment Advisors, Inc.	5,660,823	€233.0m	1.89%	1.52%
3.23%	American Century Investment Management Inc	4,736,884	€195.0m	13.6%	0.09%
2.08%	Dimensional Fund Advisors LP	3,049,064	€125.5m	9.87%	0.02%
1.89%	Geode Capital Management, LLC	2,780,678	€114.5m	1.63%	0.01%
1.6%	First Trust Advisors LP	2,352,406	€96.8m	30.9%	0.07%
1.43%	Wells Fargo & Company	2,102,687	€86.5m	-0.7%	0.02%
1.42%	Boston Trust Walden Company	2,084,628	€85.8m	4.31%	0.76%
1.26%	Eaton Vance Management	1,853,469	€76.3m	-34.4%	0.02%
1.11%	Norges Bank Investment Management	1,629,393	€67.1m	8.06%	no data
1.11%	UBS Asset Management AG	1,623,313	€66.8m	-3.5%	0.01%
1.02%	JP Morgan Asset Management	1,491,180	€61.4m	0.37%	0.01%
1%	David Kemper	1,475,421	€60.7m	-16.1%	no data
1%	Jonathan Kemper	1,463,707	€60.2m	0%	no data
0.87%	AQR Capital Management, LLC	1,270,704	€52.3m	-2.4%	0.03%
0.79%	Northern Trust Global Investments	1,156,487	€47.6m	-8.22%	0.01%
0.78%	Victory Capital Management Inc.	1,145,683	€47.2m	1,360%	0.03%
0.77%	Champlain Investment Partners, LLC	1,123,994	€46.3m	1.65%	0.59%
0.72%	Charles Schwab Investment Management, Inc.	1,057,125	€43.5m	0.16%	0.01%
0.71%	Renaissance Technologies LLC	1,037,726	€42.7m	-0.99%	0.08%
0.7%	Citadel Advisors LLC	1,028,784	€42.3m	91.3%	0.04%
0.68%	Cooke & Bieler, L.P.	995,394	€41.0m	1.19%	0.5%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/03/20 03:44
End of Day Share Price	2026/03/20 00:00
Earnings	2025/12/31
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Commerce Bancshares, Inc. is covered by 23 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Matthew Keating	Barclays
Brandon Berman	BofA Global Research
John Rodis	Brean Capital Historical (Janney Montgomery)