In a report released today, David Long from Raymond James maintained a Hold rating on Commerce Bancshares (CBSH – Research Report). The company’s shares closed last Wednesday at $72.53, close to its 52-week high of $73.99.
According to TipRanks.com, Long is a 1-star analyst with an average return of -0.6% and a 36.0% success rate. Long covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Enterprise Financial Services, and Old National Bancorp Capital.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Commerce Bancshares with a $66.33 average price target.
Commerce Bancshares’ market cap is currently $8.65B and has a P/E ratio of 24.90. The company has a Price to Book ratio of 2.61.
Based on the recent corporate insider activity of 115 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.