Commerce Bancshares, Inc. (NASDAQ:CBSH) Receives Consensus Recommendation of “Hold” from Analysts

Commerce Bancshares, Inc. (NASDAQ:CBSH) has been assigned an average recommendation of “Hold” from the nine ratings firms that are covering the firm, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $61.7143.

A number of equities research analysts have weighed in on CBSH shares. Stephens set a $64.00 price objective on Commerce Bancshares and gave the company an “equal weight” rating in a report on Friday. Keefe, Bruyette & Woods increased their target price on Commerce Bancshares from $56.00 to $57.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 13th. Morgan Stanley reissued a “positive” rating and issued a $65.00 price target (up from $61.00) on shares of Commerce Bancshares in a report on Monday, June 29th. Piper Sandler restated a “neutral” rating and issued a $66.00 price target (up from $59.00) on shares of Commerce Bancshares in a research note on Friday. Finally, Hovde Group dropped their price objective on Commerce Bancshares from $63.00 to $60.00 and set an “outperform” rating on the stock in a report on Wednesday, April 22nd.

Commerce Bancshares Stock Down 0.4%

CBSH stock opened at $59.14 on Friday. Commerce Bancshares has a one year low of $46.99 and a one year high of $62.42. The stock has a market capitalization of $8.62 billion, a PE ratio of 14.32, a price-to-earnings-growth ratio of 3.04 and a beta of 0.58. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.81 and a current ratio of 0.82. The company has a fifty day moving average of $54.83 and a 200-day moving average of $52.81.

Commerce Bancshares (NASDAQ:CBSH) last issued its earnings results on Thursday, July 16th. The financial services provider reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.06. Commerce Bancshares had a net margin of 26.07% and a return on equity of 14.31%. The business had revenue of $498.91 million for the quarter, compared to the consensus estimate of $492.22 million. During the same quarter in the previous year, the firm earned $1.14 earnings per share. As a group, analysts expect that Commerce Bancshares will post 4.16 EPS for the current year.

Commerce Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Friday, June 5th were given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Friday, June 5th. Commerce Bancshares’s payout ratio is presently 26.38%.

Commerce Bancshares News Summary

Here are the key news stories impacting Commerce Bancshares this week:

• Positive Sentiment: CBSH reported Q2 EPS of $1.10, ahead of the $1.04 consensus, and revenue of $498.91 million versus expectations of $492.22 million, signaling solid operating performance. Article Title
• Positive Sentiment: Management noted higher net interest income and fee income, which helped offset rising costs and credit loss provisions, suggesting underlying business strength. Article Title
• Positive Sentiment: Several headlines highlighted that Commerce Bancshares topped second-quarter expectations on stronger margin and loan growth, reinforcing the earnings beat narrative. Article Title
• Neutral Sentiment: Morgan Stanley reaffirmed a Hold rating and kept its $65 price target, indicating a balanced view after the results rather than a major change in sentiment. Article Title
• Neutral Sentiment: Stephens also moved to a Hold view, suggesting the stock may already reflect much of the good news from the quarter. Article Title
• Negative Sentiment: Despite the earnings beat, year-over-year EPS was slightly lower than last year’s quarter, and some commentary noted valuation concerns tied to excess capital, which may limit upside. Article Title

Hedge Funds Weigh In On Commerce Bancshares

Large investors have recently made changes to their positions in the stock. Danske Bank A S acquired a new stake in shares of Commerce Bancshares in the third quarter valued at about $25,000. Geneos Wealth Management Inc. grew its position in Commerce Bancshares by 85.4% during the first quarter. Geneos Wealth Management Inc. now owns 469 shares of the financial services provider’s stock worth $29,000 after buying an additional 216 shares during the period. Daytona Street Capital LLC acquired a new position in Commerce Bancshares during the fourth quarter worth about $25,000. Root Financial Partners LLC increased its holdings in Commerce Bancshares by 104.9% in the first quarter. Root Financial Partners LLC now owns 623 shares of the financial services provider’s stock valued at $31,000 after buying an additional 319 shares in the last quarter. Finally, Laurel Wealth Advisors LLC purchased a new position in Commerce Bancshares in the fourth quarter valued at about $34,000. Hedge funds and other institutional investors own 70.26% of the company’s stock.

About Commerce Bancshares

Commerce Bancshares, Inc is a bank holding company primarily engaged in providing a broad range of banking and financial services across the Midwest. Through its principal subsidiary, Commerce Bank, the company offers commercial and consumer banking, treasury management, trust and wealth advisory, and mortgage lending. Its diversified product suite includes deposit and loan products, cash management solutions, capital markets services, and private banking designed to meet the needs of individuals, small businesses, and large corporations.

The company’s commercial banking group delivers tailored credit facilities, equipment and inventory financing, asset-based lending, and merchant services.