Is Commerce Bancshares, Inc. (CBSH) A Good Stock To Buy?

Consequently, key hedge funds were breaking ground themselves. Clinton Group, led by George Hall, created the most valuable position in Commerce Bancshares, Inc. (NASDAQ:CBSH). Clinton Group had $3.2 million invested in the company at the end of the quarter. Ken Griffin’s Citadel Investment Group also initiated a $0.7 million position during the quarter.

Let’s now take a look at hedge fund activity in other stocks similar to Commerce Bancshares, Inc. (NASDAQ:CBSH). We will take a look at Microsemi Corporation (NASDAQ:MSCC), Taro Pharmaceutical Industries Ltd. (NYSE:TARO), Phillips 66 Partners LP (NYSE:PSXP), and Casey’s General Stores, Inc. (NASDAQ:CASY). This group of stocks’ market values are closest to CBSH’s market value.

As you can see these stocks had an average of 17.25 hedge funds with bullish positions and the average amount invested in these stocks was $197 million. That figure was $61 million in CBSH’s case. Microsemi Corporation (NASDAQ:MSCC) is the most popular stock in this table. On the other hand Phillips 66 Partners LP (NYSE:PSXP) is the least popular one with only 8 bullish hedge fund positions. Compared to these stocks Commerce Bancshares, Inc. (NASDAQ:CBSH) is even less popular than PSXP. Considering that hedge funds aren’t fond of this stock in relation to other companies analyzed in this article, it may be a good idea to analyze it in detail and understand why the smart money isn’t behind this stock. This isn’t necessarily bad news. Although it is possible that hedge funds may think the stock is overpriced and view the stock as a short candidate, they may not be very familiar with the bullish thesis. In either case more research is warranted.

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