Waterford Advisors Loads Up on CBSH, Buying 44,000 Shares

2026-02-27 05:10:39

On Feb. 19, 2026, Waterford Advisors, LLC disclosed a new position in Commerce Bancshares (CBSH +0.87%), acquiring 44,863 shares in the fourth quarter — an estimated $2.58 million trade based on quarterly average pricing.

What happened

According to a Securities and Exchange Commission (SEC) filing dated Feb. 19, 2026, Waterford Advisors, LLC established a new position in Commerce Bancshares by purchasing 44,863 shares.

The estimated value of this transaction is $2.58 million, based on the average fourth-quarter share price. The quarter-end valuation of the stake also totaled $2.58 million, reflecting the combined impact of share purchases and price changes.

What else to know

This is a new position for Waterford Advisors, LLC, representing 1.0% of its 13F reportable assets under management as of Dec. 31, 2025

Top holdings after the filing:

NYSEMKT: IVV: $61.03 million (23.8% of AUM)
NYSEMKT: VUG: $30.10 million (11.8% of AUM)
NYSEMKT: VTV: $29.13 million (11.4% of AUM)
NYSEMKT: VEA: $24.34 million (9.5% of AUM)
NYSEMKT: DFNM: $23.84 million (9.3% of AUM)

As of Feb. 25, 2026, shares of Commerce Bancshares were priced at $53.32, down 15% over the past year and underperforming the S&P 500 by 27 percentage points.

Company overview

Metric	Value
Revenue (TTM)	$1.7 billion
Net income (TTM)	$566.25 million
Dividend yield	2.08%
Price (as of market close Feb. 25, 2026)	$53.32

Company snapshot

Commerce Bancshares is a regional financial institution with a longstanding presence in the Midwest, offering a comprehensive range of banking and wealth management services through its diversified business model and broad geographic footprint.

It offers a full suite of retail, mortgage, corporate, investment, trust, and asset management services, with revenue primarily generated from consumer and commercial banking activities.

The company operates a diversified business model across three segments — Consumer, Commercial, and Wealth — leveraging both interest and non-interest income streams.

It serves individuals, businesses, government entities, and institutions across Missouri, Kansas, Illinois, Oklahoma, and Colorado through a network of 287 branch and ATM locations.

What this transaction means for investors

Commerce Bancshares is a leader in banking, particularly when it comes to managing risk. The Tier 1 common risk-based capital ratio is a widely used metric in the banking industry to assess how well-funded a bank is in the event of an economic downturn.

Generally, a ratio above 6% is considered strong. As of the fourth quarter of 2025, Commerce Bancshares reported a Tier 1 common risk-based capital ratio of 17.46%, the second-highest among the top 50 U.S. banks based on asset size.

This makes it particularly well-suited to weathering recessions and bear markets, which can be an advantage right now as some investors grow concerned about economic volatility.

Commerce Bancshares also boasts a strong dividend history, having increased its payout for 58 straight years as of 2026. For investors seeking passive income in the banking industry, this stock offers a strong track record.

Finally, its return on average common equity sits at 15.76%, as of the fourth quarter of 2025. This metric measures how efficiently banks generate profits — with higher ratios indicating a stronger position — and Commerce’s ratio is the third-highest among the top 50 U.S. banks.

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