It’s been a crucial week for Commerce Bancshares, Inc. (NASDAQ:CBSH); here’s what analysts have to say.

January 17, 2018 - By Stephen Andrade

 It's been a crucial week for Commerce Bancshares, Inc. (NASDAQ:CBSH); here's what analysts have to say.
Investors sentiment increased to 1.43 in Q3 2017. Its up 0.23, from 1.2 in 2017Q2. It increased, as 10 investors sold Commerce Bancshares, Inc. shares while 73 reduced holdings. 31 funds opened positions while 88 raised stakes. 62.31 million shares or 0.33% less from 62.51 million shares in 2017Q2 were reported.
National Bank & Trust Of Montreal Can has invested 0% in Commerce Bancshares, Inc. (NASDAQ:CBSH). Moreover, California State Teachers Retirement Systems has 0.02% invested in Commerce Bancshares, Inc. (NASDAQ:CBSH) for 149,250 shares. Chicago Equity Limited Liability Company, Illinois-based fund reported 50,766 shares. 29,152 are held by Mariner Wealth Advsrs Lc. Oppenheimer Asset Management Inc reported 0.02% stake. Thompson Davis And Company Inc stated it has 0% of its portfolio in Commerce Bancshares, Inc. (NASDAQ:CBSH). Natixis has 0% invested in Commerce Bancshares, Inc. (NASDAQ:CBSH). Bnp Paribas Arbitrage has 0.01% invested in Commerce Bancshares, Inc. (NASDAQ:CBSH) for 95,696 shares. 149,487 were reported by State Board Of Administration Of Florida Retirement Systems. Moreover, Louisiana State Employees Retirement has 0.06% invested in Commerce Bancshares, Inc. (NASDAQ:CBSH) for 23,900 shares. State Treasurer State Of Michigan has invested 0.02% in Commerce Bancshares, Inc. (NASDAQ:CBSH). Texas Permanent School Fund has 65,283 shares for 0.05% of their portfolio. Ls Inv Advsr Lc accumulated 0.02% or 6,873 shares. North Star Management reported 13,295 shares. Schroder Inv Management holds 0.08% or 844,628 shares.

Since August 30, 2017, it had 0 insider buys, and 3 insider sales for $3.95 million activity. KEMPER JONATHAN M also sold $3.03 million worth of Commerce Bancshares, Inc. (NASDAQ:CBSH) on Monday, December 11. The insider STRANGHOENER V RAYMOND sold $373,700.

Commerce Bancshares, Inc. (NASDAQ:CBSH) Ratings Coverage

Among 8 analysts covering Commerce Bancshares (NASDAQ:CBSH), 0 have Buy rating, 3 Sell and 5 Hold. Therefore 0 are positive. Commerce Bancshares had 27 analyst reports since October 15, 2015 according to SRatingsIntel. The rating was maintained by Stephens on Friday, July 14 with “Hold”. The firm has “Market Perform” rating given on Friday, January 6 by Wells Fargo. The rating was maintained by Barclays Capital on Tuesday, January 2 with “Hold”. Keefe Bruyette & Woods maintained Commerce Bancshares, Inc. (NASDAQ:CBSH) rating on Tuesday, October 3. Keefe Bruyette & Woods has “Sell” rating and $49.0 target. The rating was maintained by Keefe Bruyette & Woods with “Sell” on Wednesday, December 6. The stock of Commerce Bancshares, Inc. (NASDAQ:CBSH) earned “Hold” rating by Jefferies on Friday, August 11. Raymond James downgraded Commerce Bancshares, Inc. (NASDAQ:CBSH) on Thursday, August 10 to “Underperform” rating. Keefe Bruyette & Woods maintained the shares of CBSH in report on Friday, September 15 with “Sell” rating. Piper Jaffray maintained the stock with “Hold” rating in Thursday, October 12 report. The stock of Commerce Bancshares, Inc. (NASDAQ:CBSH) has “Neutral” rating given on Monday, July 11 by Piper Jaffray. Below is a list of Commerce Bancshares, Inc. (NASDAQ:CBSH) latest ratings and price target changes.

02/01/2018 Broker: Barclays Capital Rating: Hold New Target: $59.0 Maintain
21/12/2017 Broker: Keefe Bruyette & Woods Rating: Sell New Target: $53.0 Maintain
06/12/2017 Broker: Keefe Bruyette & Woods Rating: Sell New Target: $47.0 Maintain
12/10/2017 Broker: Piper Jaffray Rating: Hold New Target: $57.0 Maintain
10/10/2017 Broker: Jefferies Rating: Hold New Target: $62.0 Maintain
06/10/2017 Broker: Piper Jaffray Rating: Hold New Target: $60.0 Initiate
03/10/2017 Broker: Keefe Bruyette & Woods Rating: Sell New Target: $49.0 Maintain
15/09/2017 Broker: Keefe Bruyette & Woods Rating: Sell New Target: $51.0 Maintain
15/09/2017 Broker: Jefferies Rating: Hold New Target: $61.0 Maintain
14/08/2017 Broker: Keefe Bruyette & Woods Rating: Sell New Target: $51.0 Maintain

The stock increased 0.56% or $0.33 during the last trading session, reaching $58.12. About 151,489 shares traded. Commerce Bancshares, Inc. (NASDAQ:CBSH) has risen 19.51% since January 17, 2017 and is uptrending. It has outperformed by 2.81% the S&P500.

Commerce Bancshares, Inc. operates as the holding firm for Commerce Bank that provides retail, mortgage banking, corporate, investment, trust, and asset management services and products to individuals and businesses. The company has market cap of $6.50 billion. It operates through three divisions: Consumer, Commercial, and Wealth. It has a 21.66 P/E ratio. The Consumer segment offers various banking services and products, including consumer deposits; consumer loans, such as automobile, motorcycle, marine, tractor/trailer, recreational vehicle, fixed rate and revolving home equity, and other consumer loans; real estate loans; indirect and other consumer financing; personal mortgage banking; and consumer debit and credit bank cards, as well as provides online, mobile, and telephone banking services.

More recent Commerce Bancshares, Inc. (NASDAQ:CBSH) news were published by: Stltoday.com which released: “Commerce Bancshares giving employees $1000 bonus, citing tax cut” on January 02, 2018. Also Bizjournals.com published the news titled: “Commerce Bank doles out ‘tax reform’ bonuses” on January 03, 2018. Bizjournals.com‘s news article titled: “Commerce Trust Co. names a new CEO” with publication date: January 08, 2018 was also an interesting one.

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