In a report released yesterday, Mike Mayo from Wells Fargo maintained a Hold rating on Commerce Bancshares (CBSH – Research Report), with a price target of $52.00. The company’s shares closed yesterday at $56.02.
According to TipRanks, Mayo is a 5-star analyst with an average return of 12.5% and a 65.83% success rate. Mayo covers the Financial sector, focusing on stocks such as Citigroup, JPMorgan Chase & Co., and Bank of America.
Commerce Bancshares has an analyst consensus of Hold, with a price target consensus of $56.60.
CBSH market cap is currently $7.31B and has a P/E ratio of 15.65.
Based on the recent corporate insider activity of 151 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
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