Market Perform was Reiterated on Commerce Bancshares (NASDAQ:CBSH) by Wells Fargo; with $60 Target.

June 27, 2018 - By Sarah Harris

Commerce Bancshares, Inc. (NASDAQ:CBSH) Corporate Logo

During 2018 Q1 the big money sentiment decreased to 1.07. That’s change of 1.64, from 2017Q4’s 2.71. 16 investors sold all, 91 reduced holdings as Commerce Bancshares, Inc. ratio dived. 81 grew positions while 34 funds took positions. Funds hold 67.86 million shares thus 3.53% more from 2017Q4’s 65.55 million shares.

Bank Of The Ozarks reported 21,101 shs. Sei reported 197,199 shs. Proshare Advsrs Limited Liability Company reported 157,010 shs. Arizona-based Arizona State Retirement Systems has invested 0.04% in Commerce Bancshares, Inc. (NASDAQ:CBSH). Ls Invest Lc accumulated 5,299 shs. Aqr Mgmt Lc stated it has 982,695 shs or 0.06% of all its holdings. 239,291 were reported by Fincl Bank Of America De. Duncker Streett Inc reported 0.87% of its capital in Commerce Bancshares, Inc. (NASDAQ:CBSH). Blb&B Advsr Ltd Llc has 13,275 shs for 0.11% of their capital. Segall Bryant And Hamill invested 0% in Commerce Bancshares, Inc. (NASDAQ:CBSH). Vanguard has invested 0.02% of its capital in Commerce Bancshares, Inc. (NASDAQ:CBSH). Johnson Fincl Group Inc Inc Inc stated it has 208 shs or 0% of all its holdings. Moreover, Dimensional Fund Advsr Limited Partnership has 0.03% invested in Commerce Bancshares, Inc. (NASDAQ:CBSH) for 1.01M shs. Mariner Limited Liability Company reported 31,196 shs or 0.07% of all its holdings. Missouri-based Parkside Fincl Bank & Trust has invested 0.16% in Commerce Bancshares, Inc. (NASDAQ:CBSH).

Commerce Bancshares, Inc. registered $23.34 million net activity with 0 insider buys and 29 selling transactions since January 29, 2018. FOSTER SARA E sold $67,744 worth of Commerce Bancshares, Inc. (NASDAQ:CBSH) on Monday, February 12. On Friday, May 18 Kellerhals Patricia R also sold $20,856 worth of Commerce Bancshares, Inc. (NASDAQ:CBSH). On Monday, April 16 $84,148 worth of Commerce Bancshares, Inc. (NASDAQ:CBSH) was sold by ABERDEEN JEFFERY D. On Tuesday, April 17 KIM CHARLES G sold $134,413 worth of Commerce Bancshares, Inc. (NASDAQ:CBSH) or 2,135 shs. The insider PETRIE MICHAEL J sold 618 shs worth $35,308. On Wednesday, February 7 $4.50 million worth of stock was sold by Kemper John W.

Reiterated Commerce Bancshares (NASDAQ:CBSH) Rating.

Wells Fargo have a $60 target price on Commerce Bancshares (NASDAQ:CBSH) shares. On 26 June the $7.03B market cap company have Market Perform stock rating. This target price suggests a potential -9.02 % downside on the stock.

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

Total analysts of 11 have positions in Commerce Bancshares Inc (NASDAQ:CBSH) as follows: 0 rated it a “Buy”, 2 with “Sell” and 9 with “Hold”. The positive are 0. Since January 2, 2018 according to StockzIntelligence Inc Commerce Bancshares Inc has 16 analyst reports. On Tuesday, April 17 the stock of Commerce Bancshares, Inc. (NASDAQ:CBSH) earned “Hold” rating by Stephens. On Tuesday, April 10 the rating was upgraded by Raymond James to “Hold”. On Friday, January 19 the stock of Commerce Bancshares, Inc. (NASDAQ:CBSH) has “Hold” rating given by Stephens. On Thursday, April 12 the rating was maintained by Keefe Bruyette & Woods with “Hold”. On Tuesday, April 17 the firm has “Underweight” rating by Morgan Stanley given. On Wednesday, April 18 the stock has “Hold” rating by Jefferies. The stock rating was upgraded by Wood to “Market Perform” on Tuesday, February 27. On Thursday, January 18 the rating was maintained by Keefe Bruyette & Woods with “Sell”. In Tuesday, May 15 report Bank of America downgraded it to “Sell” rating and $6400 target. On Tuesday, June 26 the company was maintained by Wells Fargo.

CBSH is hitting $65.95 during the last trading session, after increased 0.47%.Commerce Bancshares, Inc. has volume of 404,988 shares. Since June 27, 2017 CBSH has risen 25.07% and is uptrending. CBSH outperformed by 12.50% the S&P 500.

Commerce Bancshares, Inc. (NASDAQ:CBSH)’s earnings report is expected on July, 12., Faxor reports. Analysts have anticipation on stock’s earnings per share of $0.88. That’s up 23.94 % from last year’s $0.71 earnings per share. If $0.88 is reported, CBSH’s profit will reach $93.80 million for 18.74 P/E. -4.35 % negative EPS growth is what analysts predict. $0.92 earnings per share was reported for previous quarter.

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 $7.03 billion market cap. It operates through three divisions: Consumer, Commercial, and Wealth.20.81 is the 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; patient health care financing; real estate loans; indirect and other consumer financing; personal mortgage banking; consumer installment lending; 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 Businesswire.com, Streetinsider.com and Bizjournals.com. The first one has “Commerce Bancshares, Inc. to Participate in Morgan Stanley’s Financials Conference, June 12-13, 2018” as a title and was published on June 08, 2018. The next is “Commerce Bancshares (CBSH) PT Raised to $64 at FIG Partners” on June 05, 2018. And last was published on June 04, 2018, called “As another Kemper steps down, Commerce Bank shuffles its leadership”.

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

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