Stephens Maintains a Hold Rating on Commerce Bancshares Inc (CBSH)


Stephens analyst Matt Olney maintained a Hold rating on Commerce Bancshares Inc (CBSH) today and set a price target of $63. The company’s shares closed yesterday at $60.43.

According to TipRanks.com, Olney is a 1-star analyst with an average return of -1.3% and a 42.4% success rate. Olney covers the Financial sector, focusing on stocks such as Spirit Of Texas Bancshares Inc, Business First Bancshares Inc, and Hancock Whitney Corporation.

Currently, the analyst consensus on Commerce Bancshares Inc is a Hold with an average price target of $61.67, representing a 2.1% upside. In a report released today, Raymond James also upgraded the stock to Hold.

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Based on Commerce Bancshares Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $110 million. In comparison, last year the company had a net profit of $93.25 million.

Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is negative on the stock.

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.

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