Commerce Bancshares (NASDAQ:CBSH)‘s stock had its “sell” rating reiterated by equities researchers at Keefe, Bruyette & Woods in a research report issued on Friday. They presently have a $54.00 price objective on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target suggests a potential downside of 9.56% from the stock’s previous close.

A number of other research firms also recently commented on CBSH. Zacks Investment Research downgraded Commerce Bancshares from a “buy” rating to a “hold” rating in a research note on Monday, October 9th. Piper Jaffray Companies reiterated a “neutral” rating and issued a $60.00 price target on shares of Commerce Bancshares in a research note on Friday, October 6th. BidaskClub upgraded Commerce Bancshares from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Finally, Barclays reiterated a “hold” rating and issued a $55.00 price target on shares of Commerce Bancshares in a research note on Sunday, December 24th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $56.63.

Commerce Bancshares (CBSH) traded up $1.28 during trading hours on Friday, reaching $59.71. The company had a trading volume of 642,588 shares, compared to its average volume of 497,069. The firm has a market capitalization of $6,350.00, a P/E ratio of 20.66, a price-to-earnings-growth ratio of 2.29 and a beta of 0.80. Commerce Bancshares has a fifty-two week low of $51.90 and a fifty-two week high of $60.61. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.04.

In other Commerce Bancshares news, insider V Raymond Stranghoener sold 6,399 shares of Commerce Bancshares stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $58.40, for a total value of $373,701.60. Following the completion of the transaction, the insider now directly owns 47,112 shares in the company, valued at $2,751,340.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Jonathan M. Kemper sold 55,000 shares of Commerce Bancshares stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $55.06, for a total value of $3,028,300.00. The disclosure for this sale can be found here. Insiders own 4.30% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in Commerce Bancshares by 2.9% in the second quarter. Vanguard Group Inc. now owns 8,599,122 shares of the financial services provider’s stock valued at $488,688,000 after acquiring an additional 246,065 shares during the period. BlackRock Inc. boosted its stake in Commerce Bancshares by 1.1% in the second quarter. BlackRock Inc. now owns 7,591,937 shares of the financial services provider’s stock valued at $431,451,000 after acquiring an additional 82,095 shares during the period. FMR LLC raised its holdings in shares of Commerce Bancshares by 2.0% during the second quarter. FMR LLC now owns 2,029,867 shares of the financial services provider’s stock valued at $115,357,000 after buying an additional 40,600 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Commerce Bancshares by 3.4% during the third quarter. Bank of New York Mellon Corp now owns 1,083,851 shares of the financial services provider’s stock valued at $62,613,000 after buying an additional 35,361 shares during the last quarter. Finally, Nuance Investments LLC raised its holdings in shares of Commerce Bancshares by 4.3% during the third quarter. Nuance Investments LLC now owns 996,414 shares of the financial services provider’s stock valued at $57,563,000 after buying an additional 40,997 shares during the last quarter. Institutional investors own 59.15% of the company’s stock.

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About Commerce Bancshares

Commerce Bancshares, Inc is a bank holding company of Commerce Bank (the Bank). The Bank is engaged in general banking business, providing a range of retail, mortgage banking, corporate, investment, trust and asset management products and services to individuals and businesses. The Company operates through three segments: Consumer, Commercial and Wealth.

Analyst Recommendations for Commerce Bancshares (NASDAQ:CBSH)

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