Commerce Bancshares Given New $43.00 Price Target at Keefe, Bruyette & Woods (CBSH)
Equities researchers at Keefe, Bruyette & Woods hoisted their price target on shares of Commerce Bancshares (NASDAQ:CBSH) from $42.00 to $43.00 in a research report issued on Wednesday, American Banking & Market News reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective suggests a potential downside of 5.20% from the stock’s previous close.
Shares of Commerce Bancshares (NASDAQ:CBSH) traded up 2.83% during mid-day trading on Wednesday, hitting $45.36. 465,628 shares of the company’s stock traded hands. 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 $43.57 and a 200-day moving average of $43.30. The company has a market cap of $4.114 billion and a price-to-earnings ratio of 15.59.
Commerce Bancshares (NASDAQ:CBSH) last issued its quarterly earnings data on Tuesday, October 15th. The company reported $0.75 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.72 by $0.03. During the same quarter last year, the company posted $0.71 earnings per share. Analysts expect that Commerce Bancshares will post $2.39 EPS for the current fiscal year.
Separately, 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 research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. Commerce Bancshares has an average rating of “Hold” and a consensus target price of $43.94.
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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