Commerce Bancshares, Inc. (NASDAQ:CBSH) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: September 26, 2016
Zacks Investment Research has upgraded Commerce Bancshares, Inc. (NASDAQ:CBSH) to Hold in a statement released on 09/26/2016.
Boasting a price of $49.35, Commerce Bancshares, Inc. (NASDAQ:CBSH) traded -1.99% lower on the day. With the last stock price close up 2.06% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Commerce Bancshares, Inc. has recorded a 50-day average of $49.30 and a two hundred day average of $47.39. Volume of trade was down over the average, with 197,685 shares of CBSH changing hands under the typical 397,053
With a total market value of $0, Commerce Bancshares, Inc. has 52 week low of $37.44 and a 52 week high of $51.30 with a PE ratio of 18.53 .
In addition to Zacks Investment Research reporting its stock price target, a total of 8 brokerages have issued a ratings update on the company. The average stock price target is $43.63 with 0 brokerages rating the stock a strong buy, 0 brokerages rating the stock a buy, 8 brokerages rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On Commerce Bancshares, Inc. (NASDAQ:CBSH)
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, corporate, investment, trust and asset management products and services to individuals and businesses. The Company operates through three segments: Consumer, Commercial and Wealth. Its Consumer segment includes the retail branch network, consumer installment lending, personal mortgage banking, and consumer debit and credit bank card activities. Its Commercial segment provides corporate lending (including the Small Business Banking product line within the branch network), leasing, international services, and business, government deposit, and related commercial cash management services, as well as merchant and commercial bank card products. Its Wealth segment provides traditional trust and estate tax planning, advisory and discretionary investment management, and brokerage services.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.