Analysts at Bank of America Reiterate their Past ‘”Underperform”’ rating on Shares Commerce Bancshares (NASDAQ:CBSH), Set a $68 Target Price

July 13, 2018 - By Elizabeth Jones

Commerce Bancshares, Inc. (NASDAQ:CBSH) Logo

Investors sentiment decreased to 1.07 in Q1 2018. Its down 1.64, from 2.71 in 2017Q4. It turned negative, as 16 investors sold Commerce Bancshares, Inc. shares while 91 reduced holdings. 34 funds opened positions while 81 raised stakes. 67.86 million shares or 3.53% more from 65.55 million shares in 2017Q4 were reported.

Mutual Of America Capital Mngmt Ltd Liability Co invested 0.07% of its portfolio in Commerce Bancshares, Inc. (NASDAQ:CBSH). Tiaa Cref Ltd Liability Co stated it has 0.01% in Commerce Bancshares, Inc. (NASDAQ:CBSH). Earnest Prtn Limited Liability owns 89 shares or 0% of their US portfolio. Bbva Compass Bancshares invested in 0.03% or 8,142 shares. Orrstown Fincl Services Inc owns 467 shares. Washington Tru Retail Bank has invested 0.03% of its portfolio in Commerce Bancshares, Inc. (NASDAQ:CBSH). Comerica Bankshares accumulated 0.05% or 101,848 shares. Wesbanco Commercial Bank Inc holds 7,331 shares or 0.02% of its portfolio. Janney Montgomery Scott Ltd Liability Company has 0% invested in Commerce Bancshares, Inc. (NASDAQ:CBSH). Balasa Dinverno And Foltz Limited Co holds 15,749 shares. Paragon Cap Management Llc owns 0.82% invested in Commerce Bancshares, Inc. (NASDAQ:CBSH) for 38,148 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 6,359 shares or 0% of its portfolio. Btim owns 652,138 shares or 0.59% of their US portfolio. First Republic Mngmt Incorporated reported 23,110 shares. Arizona State Retirement invested in 63,493 shares.

Since January 29, 2018, it had 0 insider buys, and 29 sales for $23.34 million activity. Callahan Daniel D. also sold $66,549 worth of Commerce Bancshares, Inc. (NASDAQ:CBSH) shares. FOSTER SARA E sold $93,165 worth of stock or 1,472 shares. The insider Roller David L. sold 141 shares worth $8,378. Shares for $2.04 million were sold by KEMPER JONATHAN M on Wednesday, February 21. 803 shares valued at $50,818 were sold by PETRIE MICHAEL J on Tuesday, April 17. Another trade for 798 shares valued at $48,650 was made by Kellerhals Patricia R on Monday, March 12.

Commerce Bancshares (NASDAQ:CBSH) Rating Reaffirmed

Bank of America now has a $68 PT on the $7.20 billion market cap company or 0.70 % upside potential. In an analyst report sent to clients and investors on Friday, 13 July, Commerce Bancshares (NASDAQ:CBSH) shares have had their “Underperform” Rating reaffirmed by stock research analysts at Bank of America.

Commerce Bancshares, Inc. (NASDAQ:CBSH) Ratings Coverage

Among 11 analysts covering Commerce Bancshares Inc (NASDAQ:CBSH), 0 have Buy rating, 3 Sell and 8 Hold. Therefore 0 are positive. Commerce Bancshares Inc has $6700 highest and $54.0 lowest target. $62.22’s average target is -7.86% below currents $67.53 stock price. Commerce Bancshares Inc had 16 analyst reports since January 18, 2018 according to SRatingsIntel. Wells Fargo maintained the stock with “Market Perform” rating in Tuesday, June 26 report. As per Monday, February 26, the company rating was upgraded by Keefe Bruyette & Woods. The firm has “Hold” rating given on Thursday, April 12 by Keefe Bruyette & Woods. The firm earned “Sell” rating on Tuesday, May 15 by Bank of America. The firm has “Hold” rating by Piper Jaffray given on Thursday, January 18. The firm has “Hold” rating by Stephens given on Tuesday, April 17. The firm earned “Underperform” rating on Tuesday, July 10 by Raymond James. The stock has “Equal-Weight” rating by Barclays Capital on Wednesday, April 11. Raymond James upgraded the stock to “Hold” rating in Tuesday, April 10 report. On Friday, January 19 the stock rating was maintained by Stephens with “Hold”.

The stock decreased 0.66% or $0.45 during the last trading session, reaching $67.53. About 784,531 shares traded or 65.82% up from the average. Commerce Bancshares, Inc. (NASDAQ:CBSH) has risen 25.07% since July 13, 2017 and is uptrending. It has outperformed by 12.50% the S&P500.

Commerce Bancshares, Inc. operates as the holding firm for Commerce Bank that provides retail, mortgage banking, corporate, investment, trust, and asset management services and products to individuals and businesses. The company has market cap of $7.20 billion. It operates through three divisions: Consumer, Commercial, and Wealth. It has a 21.31 P/E ratio. The Consumer segment offers various banking services and products, including consumer deposits; consumer loans, such as automobile, motorcycle, marine, tractor/trailer, recreational vehicle, fixed rate and revolving home equity, and other consumer loans; real estate loans; indirect and other consumer financing; personal mortgage banking; and consumer debit and credit bank cards, as well as provides online, mobile, and telephone banking services.

More recent Commerce Bancshares, Inc. (NASDAQ:CBSH) news were published by: Benzinga.com which released: “Commerce Bancshares Q2 Earnings Outlook” on July 11, 2018. Also Benzinga.com published the news titled: “7 Stocks To Watch For July 12, 2018” on July 12, 2018. Benzinga.com‘s news article titled: “25 Stocks Moving In Thursday’s Pre-Market Session” with publication date: July 12, 2018 was also an interesting one.

Commerce Bancshares, Inc. (NASDAQ:CBSH) Institutional Positions Chart

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