KBW analyst Christopher Mcgratty maintained a Hold rating on Commerce Bancshares (CBSH – Research Report) on January 18 and set a price target of $56.00. The company’s shares opened today at $54.88.
Mcgratty covers the Financial sector, focusing on stocks such as Pacwest Bancorp, Webster Financial, and Hope Bancorp. According to TipRanks, Mcgratty has an average return of 11.1% and a 64.86% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Commerce Bancshares with a $52.28 average price target, representing a -4.74% downside. In a report released on January 11, Bank of America Securities also initiated coverage with a Hold rating on the stock with a $55.00 price target.
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CBSH market cap is currently $7.12B and has a P/E ratio of 14.98.
Based on the recent corporate insider activity of 132 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CBSH in relation to earlier this year.
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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 Q4 EPS 84c, consensus 85c
- CBSH Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Salesforce upgraded, Warner Bros. downgraded: Wall Street’s top analyst calls
- BofA starts Commerce Bancshares with a Neutral on ‘rich’ valuation
- Commerce Bancshares initiated with a Neutral at BofA
