Commerce Bancshares, Inc. (NASDAQ:CBSH) has been assigned a consensus rating of “Hold” from the eleven ratings firms that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $56.63.
Several analysts recently weighed in on CBSH shares. BidaskClub cut shares of Commerce Bancshares from a “sell” rating to a “strong sell” rating in a report on Saturday, December 16th. Zacks Investment Research cut shares of Commerce Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Barclays reaffirmed a “hold” rating and issued a $55.00 target price on shares of Commerce Bancshares in a report on Sunday, December 24th. Finally, Piper Jaffray Companies reaffirmed a “neutral” rating and issued a $60.00 target price on shares of Commerce Bancshares in a report on Friday, October 6th.
Shares of Commerce Bancshares (NASDAQ:CBSH) traded up $1.28 during trading hours on Friday, reaching $59.71. 642,588 shares of the company traded hands, compared to its average volume of 471,604. The firm has a market capitalization of $6,510.00, a PE ratio of 20.66, a price-to-earnings-growth ratio of 2.30 and a beta of 0.80. Commerce Bancshares has a 52-week low of $49.43 and a 52-week high of $59.72.
Institutional investors and hedge funds have recently made changes to their positions in the company. SignalPoint Asset Management LLC purchased a new position in shares of Commerce Bancshares during the third quarter worth approximately $226,000. Wedbush Securities Inc. purchased a new position in shares of Commerce Bancshares during the third quarter worth approximately $229,000. Cetera Investment Advisers purchased a new position in shares of Commerce Bancshares during the second quarter worth approximately $272,000. GSA Capital Partners LLP purchased a new position in shares of Commerce Bancshares during the third quarter worth approximately $283,000. Finally, Archford Capital Strategies LLC grew its position in shares of Commerce Bancshares by 25.3% during the third quarter. Archford Capital Strategies LLC now owns 5,003 shares of the financial services provider’s stock worth $289,000 after acquiring an additional 1,011 shares during the last quarter. Institutional investors and hedge funds own 59.15% of the company’s stock.
Commerce Bancshares Company Profile
Commerce Bancshares, Inc is a bank holding company of Commerce Bank (the Bank). The Bank is engaged in general banking business, providing a range of retail, mortgage banking, corporate, investment, trust and asset management products and services to individuals and businesses. The Company operates through three segments: Consumer, Commercial and Wealth.
Receive News & Ratings for Commerce Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Commerce Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.