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.

In other news, Vice Chairman Jonathan M. Kemper sold 55,000 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $55.06, for a total transaction of $3,028,300.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider V Raymond Stranghoener sold 6,399 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $58.40, for a total transaction of $373,701.60. Following the transaction, the insider now owns 47,112 shares in the company, valued at $2,751,340.80. The disclosure for this sale can be found here. Corporate insiders own 4.30% of the company’s stock.

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.

COPYRIGHT VIOLATION NOTICE: “Commerce Bancshares, Inc. (CBSH) Given Average Rating of “Hold” by Brokerages” was originally reported by American Banking News and is owned by of American Banking News. If you are viewing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/01/20/commerce-bancshares-inc-cbsh-given-average-rating-of-hold-by-brokerages.html.

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.

Analyst Recommendations for Commerce Bancshares (NASDAQ:CBSH)

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.