Commerce Bancshares (CBSH) Gets a Sell Rating from Wells Fargo

In a report released yesterday, Jared Shaw from Wells Fargo maintained a Sell rating on Commerce Bancshares (CBSHResearch Report). The company’s shares closed last Monday at $66.08, close to its 52-week high of $68.50.

According to, Shaw is a 2-star analyst with an average return of 1.0% and a 54.4% success rate. Shaw covers the Financial sector, focusing on stocks such as First Interstate Bancsystem, Pinnacle Financial Partners, and People’s United Financial.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Commerce Bancshares with a $62.88 average price target.

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Commerce Bancshares’ market cap is currently $7.69B and has a P/E ratio of 24.50. The company has a Price to Book ratio of 2.44.

Based on the recent corporate insider activity of 121 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.

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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.