.jpg "Commerce Bancshares (NASDAQ: CBSH)")
Wells Fargo analyst Jared Shaw maintained a Sell rating on Commerce Bancshares (CBSH) today. The company’s shares closed last Monday at $59.59.
According to TipRanks.com, Shaw is a 3-star analyst with an average return of 2.0% and a 53.8% success rate. Shaw covers the Financial sector, focusing on stocks such as People’s United Financial, Associated Banc-Corp, and First Republic Bank.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Commerce Bancshares with a $60.00 average price target, representing a -2.4% downside. In a report released yesterday, Morgan Stanley also maintained a Sell rating on the stock with a $55.00 price target.
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Based on Commerce Bancshares’ latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $106 million. In comparison, last year the company had a net profit of $109 million.
Based on the recent corporate insider activity of 142 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CBSH in relation to earlier this year.
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. Its provides electronic banking, deposit accounts, loans and credit lines, and mortgage loans. The company was founded in February 1968 and is headquartered in Nolensville, TN.
