Investment Analysts’ Weekly Ratings Changes for Commerce Bancshares (CBSH)

Commerce Bancshares (NASDAQ: CBSH) recently received a number of ratings updates from brokerages and research firms:

  • 7/17/2017 – Commerce Bancshares had its “equal weight” rating reaffirmed by analysts at Stephens. They now have a $56.00 price target on the stock, up previously from $52.00.
  • 7/17/2017 – Commerce Bancshares was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $65.00 price target on the stock. According to Zacks, “Commerce Bancshares’ shares have outperformed the Zacks categorized Midwest Banking industry in the last three months. The company’s second-quarter 2017 earnings easily outpaced the Zacks Consensus Estimate, mainly driven by improvement in revenues. The company's efforts to expand its footprint in newer markets, an improving rate scenario and expectation of lesser regulations are expected to boost revenues further. While rising expenses and a significant exposure to real estate loans remain near-term concerns, strong loan and deposit balance should support its profitability. Given a solid liquidity position, the company should be able to continue with its capital deployment activities, thus enhancing shareholder value.”
  • 7/16/2017 – Commerce Bancshares was given a new $58.00 price target on by analysts at Barclays PLC. They now have a “hold” rating on the stock.
  • 7/14/2017 – Commerce Bancshares had its “market perform” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $53.00 price target on the stock, up previously from $51.00.
  • 7/14/2017 – Commerce Bancshares had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $61.00 price target on the stock.
  • 7/14/2017 – Commerce Bancshares had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $52.00 price target on the stock.
  • 7/12/2017 – Commerce Bancshares had its “equal weight” rating reaffirmed by analysts at Barclays PLC. They now have a $54.00 price target on the stock, down previously from $55.00.
  • 7/12/2017 – Commerce Bancshares was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/10/2017 – Commerce Bancshares was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Commerce Bancshares’ shares marginally underperformed the Zacks categorized Midwest Banking industry in the last three months. Rising expenses continue to be a major concern for the company. Also, significant exposure to real estate loans might pose some risks for the company in the near-term. Nevertheless, the company's efforts to expand its footprint in newer markets, expectation of lesser regulations and an improving rate scenario are expected to improve revenues. Given a solid capital position, the company should be able to continue its capital deployment activities, thus enhancing shareholder value.”
  • 7/5/2017 – Commerce Bancshares was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 6/24/2017 – Commerce Bancshares was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 6/20/2017 – Commerce Bancshares was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Commerce Bancshares’ shares marginally underperformed the Zacks categorized Midwest Banking industry in the last three months. Rising expenses continue to be a major concern for the company. Also, significant exposure to real estate loans might pose some risks for the company in the near-term. Nevertheless, the company's efforts to expand its footprint in newer markets, improving rate scenario and potential lesser regulations are expected to support top line growth.”
  • 6/13/2017 – Commerce Bancshares was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 6/12/2017 – Commerce Bancshares had its “sell” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $46.00 price target on the stock.
  • 6/11/2017 – Commerce Bancshares had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $61.00 price target on the stock.
  • 6/6/2017 – Commerce Bancshares had its price target raised by analysts at Morgan Stanley from $48.00 to $49.00. They now have an “underweight” rating on the stock.

Commerce Bancshares, Inc. (CBSH) opened at 57.67 on Tuesday. The stock has a market capitalization of $5.90 billion, a PE ratio of 20.87 and a beta of 0.81. The stock has a 50 day moving average price of $55.41 and a 200 day moving average price of $56.46. Commerce Bancshares, Inc. has a 52 week low of $44.27 and a 52 week high of $60.61.

Commerce Bancshares (NASDAQ:CBSH) last posted its quarterly earnings data on Thursday, July 13th. The financial services provider reported $0.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.05. The firm had revenue of $305.89 million during the quarter, compared to the consensus estimate of $309.44 million. Commerce Bancshares had a return on equity of 12.01% and a net margin of 23.79%. The firm’s revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.70 EPS. Equities analysts forecast that Commerce Bancshares, Inc. will post $2.92 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, June 26th. Investors of record on Friday, June 9th were issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date was Wednesday, June 7th. Commerce Bancshares’s dividend payout ratio is currently 32.64%.

In related news, insider V Raymond Stranghoener sold 4,182 shares of the company’s stock in a transaction that occurred on Tuesday, April 25th. The stock was sold at an average price of $56.22, for a total value of $235,112.04. Following the sale, the insider now owns 47,112 shares in the company, valued at approximately $2,648,636.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Jonathan M. Kemper sold 36,979 shares of the company’s stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $54.10, for a total value of $2,000,563.90. Following the completion of the sale, the insider now owns 1,045,605 shares in the company, valued at approximately $56,567,230.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 65,810 shares of company stock worth $3,583,265. Insiders own 4.30% of the company’s stock.

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.

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