Commerce Bancshares (CBSH) Announces Quarterly Earnings, Beats Estimates By $0.03 EPS
Commerce Bancshares (NASDAQ:CBSH) issued its quarterly earnings data on Tuesday. The company reported $0.75 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.72 by $0.03, ARN reports.
On a related note, analysts at Zacks reiterated a “neutral” rating on shares of Commerce Bancshares in a research note to investors on Monday, August 26th. They now have a $47.50 price target on the stock. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $43.81.
Shares of Commerce Bancshares (NASDAQ:CBSH) opened at 44.74 on Tuesday. Commerce Bancshares has a 52-week low of $34.69 and a 52-week high of $47.53. The stock has a 50-day moving average of $43.55 and a 200-day moving average of $43.28. The company has a market cap of $4.058 billion and a P/E ratio of 15.81.
Commerce Bancshares, Inc is a bank holding company. Through a wholly owned bank holding company, it owns all of the outstanding capital stock of Commerce Bank (NASDAQ:CBSH).
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