KBW analyst Christopher Mcgratty reiterated a Hold rating on Commerce Bancshares Inc (NASDAQ: CBSH) on July 12 and set a price target of $70. The company’s shares closed yesterday at $67.54, close to its 52-week high of $70.
According to TipRanks.com, Mcgratty is a 5-star analyst with an average return of 14.4% and a 72.1% success rate. Mcgratty covers the Financial sector, focusing on stocks such as TCF Financial Corporation, Chemical Financial Corp, and First Financial Bancorp.
Currently, the analyst consensus on Commerce Bancshares Inc is a Moderate Sell with an average price target of $65.40, a -3.2% downside from current levels. In a report issued on July 12, Stephens also maintained a Hold rating on the stock with a $65 price target.
.
See today’s analyst top recommended stocks >>
Based on Commerce Bancshares Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $110 million. In comparison, last year the company had a net profit of $78.02 million.
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, Inc. operates as a bank holding company for Commerce Bank. It provides general banking services, such as retail, corporate, investment, trust, and asset management products and services to individuals and businesses. The company operates through the following business segments: Consumer, Commercial and Wealth.
