In a report released today, Nathan Race from Piper Sandler maintained a Hold rating on Commerce Bancshares (CBSH – Research Report), with a price target of $51.00. The company’s shares closed yesterday at $46.43.
According to TipRanks, Race is a 4-star analyst with an average return of 5.0% and a 43.36% success rate. Race covers the Financial sector, focusing on stocks such as Midland States Bancrop, 1St Source, and BancFirst.
Currently, the analyst consensus on Commerce Bancshares is a Hold with an average price target of $51.50, implying a 10.92% upside from current levels. In a report released yesterday, Wells Fargo also maintained a Hold rating on the stock with a $50.00 price target.
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CBSH market cap is currently $5.79B and has a P/E ratio of 11.66.
Based on the recent corporate insider activity of 141 insiders, corporate insider sentiment is neutral on the stock.
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Commerce Bancshares (CBSH) Company Description:
Commerce Bancshares, Inc. operates as a bank holding company. Its provides electronic banking, deposit accounts, loans and credit lines, and mortgage loans. The company was founded in February 1968 and is headquartered in Nolensville, TN.
Read More on CBSH:
- Commerce Bancshares reports Q3 EPS 96c, consensus 93c
- CBSH Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Commerce Bancshares price target raised to $52 from $51 at Jefferies
- Commerce Bancshares upgraded to Equal Weight from Underweight at Morgan Stanley
- Commerce Financial Advisors joins LPL’s Institution Services Platform
