Analysts take a look at Commerce Bancshares, Inc. (NASDAQ:CBSH) having this to say.

January 17, 2018 - By Nellie Frank

 Analysts take a look at Commerce Bancshares, Inc. (NASDAQ:CBSH) having this to say.
Investors sentiment increased to 1.43 in Q3 2017. Its up 0.23, from 1.2 in 2017Q2. It improved, 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.
Bank Of The Ozarks holds 20,027 shares. Moreover, Fmr Lc has 0.01% invested in Commerce Bancshares, Inc. (NASDAQ:CBSH) for 1.75M shares. Jag Mngmt Limited Co has 0.07% invested in Commerce Bancshares, Inc. (NASDAQ:CBSH) for 6,441 shares. Crawford Investment Counsel holds 0.02% of its portfolio in Commerce Bancshares, Inc. (NASDAQ:CBSH) for 11,339 shares. Kwmg Ltd Liability Corporation invested in 6,075 shares or 0.12% of the stock. The Massachusetts-based Arrowstreet Capital Partnership has invested 0% in Commerce Bancshares, Inc. (NASDAQ:CBSH). Balasa Dinverno And Foltz Ltd owns 16,095 shares or 0.15% of their US portfolio. Retirement Sys Of Alabama, a Alabama-based fund reported 225,681 shares. Duncker Streett & accumulated 0.95% or 54,522 shares. Quantbot Tech Limited Partnership owns 0% invested in Commerce Bancshares, Inc. (NASDAQ:CBSH) for 331 shares. 8,511 were reported by Wesbanco Bank & Trust. Baystate Wealth Lc holds 6 shares. Smith Moore & stated it has 8,788 shares. Country Tru Bancorporation invested in 0.01% or 5,015 shares. Signalpoint Asset Mngmt Ltd Company holds 0.11% of its portfolio in Commerce Bancshares, Inc. (NASDAQ:CBSH) for 3,917 shares.

Since August 30, 2017, it had 0 insider buys, and 3 sales for $3.95 million activity. Another trade for 10,000 shares valued at $548,204 was made by CAPPS JOHN R on Wednesday, August 30. The insider STRANGHOENER V RAYMOND sold 6,399 shares worth $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. Barclays Capital maintained the shares of CBSH in report on Tuesday, January 2 with “Hold” rating. Wells Fargo initiated the stock with “Market Perform” rating in Friday, January 6 report. On Tuesday, October 3 the stock rating was maintained by Keefe Bruyette & Woods with “Sell”. Jefferies maintained the stock with “Hold” rating in Friday, September 15 report. The firm earned “Sell” rating on Wednesday, December 6 by Keefe Bruyette & Woods. The firm has “Hold” rating by Jefferies given on Friday, June 9. Raymond James downgraded the shares of CBSH in report on Thursday, August 10 to “Underperform” rating. The rating was maintained by Keefe Bruyette & Woods with “Sell” on Thursday, July 13. The stock has “Underweight” rating by Morgan Stanley on Tuesday, September 20. Piper Jaffray initiated it with “Hold” rating and $60.0 target in Friday, October 6 report. 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: Bizjournals.com which released: “Commerce Trust Co. names a new CEO” on January 08, 2018. Also Bizjournals.com published the news titled: “Commerce Bank doles out ‘tax reform’ bonuses” on January 03, 2018. Stltoday.com‘s news article titled: “Commerce Bancshares giving employees $1000 bonus, citing tax cut” with publication date: January 02, 2018 was also an interesting one.

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