Zacks Investment Research upgraded Commerce Bancshares, Inc. (NASDAQ:CBSH) to Hold in a report released today.
- Updated: October 13, 2016
Zacks Investment Research has upgraded Commerce Bancshares, Inc. (NASDAQ:CBSH) to Hold in a report released on 10/13/2016.
Yesterday Commerce Bancshares, Inc. (NASDAQ:CBSH) traded -1.65% lower at $49.62. The company’s 50-day moving average is $49.58 and its 200-day moving average is $47.83. The last closing price is up 3.64% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 516,850 shares of the stock were exchanged, up from an average trading volume of 350,586
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Commerce Bancshares, Inc. has a price-earnings ratio of 18.99 with a one year low of $37.44 and a one year high of $51.30 CBSH’s market cap is currently $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 8 firms have reported on the company. The average stock price target is $43.63 with zero equity analysts rating the company a strong buy, zero brokerages rating the company a buy, eight analysts rating the company a hold, 1 broker rating the stock a underperform, and finally 0 firms rating the stock a sell.
General Information About 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.
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