Exclusive: Will Commerce Bancshares, Inc. Run Out of Steam Soon?

Exclusive: Will Commerce Bancshares, Inc. Run Out of Steam Soon?

The stock of Commerce Bancshares, Inc. (NASDAQ:CBSH) hit a new 52-week high and has $65.01 target or 25.00% above today’s $52.01 share price. The 5 months bullish chart indicates low risk for the $5.01 billion company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $65.01 price target is reached, the company will be worth $1.25B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 351,611 shares traded hands. Commerce Bancshares, Inc. (NASDAQ:CBSH) has risen 15.39% since April 7, 2016 and is uptrending. It has outperformed by 10.61% the S&P500.

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

Out of 3 analysts covering Commerce Bancshares (NASDAQ:CBSH), 0 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 0 are positive. Commerce Bancshares has been the topic of 8 analyst reports since October 15, 2015 according to StockzIntelligence Inc. The stock has “Hold” rating given by Jefferies on Thursday, October 15. Piper Jaffray initiated the shares of CBSH in a report on Monday, July 11 with “Neutral” rating. The stock of Commerce Bancshares, Inc. (NASDAQ:CBSH) has “Underweight” rating given on Tuesday, September 20 by Morgan Stanley.

According to Zacks Investment Research, “Commerce Bancshares, Inc. is a registered bank holding company offering a full line of banking services, including retail and commercial banking, investment management and securities brokerage. The company operates locations in Missouri, Illinois, and Kansas. The company also has five other operating subsidiaries involved in mortgage banking, credit related insurance, venture capital, and real estate activities. (Company Press Release)”

Insitutional Activity: The institutional sentiment decreased to 1.02 in 2016 Q2. Its down 0.11, from 1.13 in 2016Q1. The ratio turned negative, as 15 funds sold all Commerce Bancshares, Inc. shares owned while 85 reduced positions. 15 funds bought stakes while 87 increased positions. They now own 58.05 million shares or 0.51% less from 58.34 million shares in 2016Q1.
Proshare Advsr Ltd Liability accumulated 0.04% or 64,039 shares. Salient Cap Ltd Co reported 27,999 shares or 0.03% of all its holdings. Ballentine Ltd Limited Liability Company accumulated 8,609 shares or 0.03% of the stock. Pggm holds 0.02% of its portfolio in Commerce Bancshares, Inc. (NASDAQ:CBSH) for 79,671 shares. Bb&T, a North Carolina-based fund reported 75,293 shares. Wfg Ltd Partnership reported 3,725 shares or 0.05% of all its holdings. Blackrock Group Inc Ltd has 352,641 shares for 0.01% of their US portfolio. Evanston Dba Evanston Advsrs accumulated 138,708 shares or 2.17% of the stock. Great West Life Assurance Can has invested 0.01% of its portfolio in Commerce Bancshares, Inc. (NASDAQ:CBSH). M&T Financial Bank Corporation, a New York-based fund reported 6,162 shares. Federated Investors Pa holds 45,162 shares or 0.01% of its portfolio. Schwab Charles Mgmt Inc owns 350,560 shares or 0.02% of their US portfolio. Balyasny Asset Management Ltd Liability Company has 214,329 shares for 0.07% of their US portfolio. Lau Assoc Lc has 4,499 shares for 0.23% of their US portfolio. Ameritas Invest Partners Inc last reported 0.04% of its portfolio in the stock.

Insider Transactions: Since May 11, 2016, the stock had 1 buy, and 13 selling transactions for $12.81 million net activity. $240,201 worth of shares were sold by KIM CHARLES G on Friday, July 22. 40,000 shares were sold by KEMPER JONATHAN M, worth $1.96M on Tuesday, May 31. On Tuesday, August 23 KEMPER DAVID W sold $2.46 million worth of the stock or 50,000 shares. Callahan Daniel D. also sold $67,043 worth of Commerce Bancshares, Inc. (NASDAQ:CBSH) shares. Another trade for 206 shares valued at $9,756 was sold by PETRIE MICHAEL J. BARTH KEVIN G sold $312,546 worth of stock or 6,440 shares. The insider STRANGHOENER V RAYMOND sold $240,707.

More important recent Commerce Bancshares, Inc. (NASDAQ:CBSH) news were published by: Reuters.com which released: “BRIEF- Commerce bancshares, inc. announces third quarter earnings” on October 14, 2016, also Businesswire.com published article titled: “Commerce Bancshares, Inc. Announces Third Quarter Earnings Per Common Share of …”, Businesswire.com published: “Commerce Bancshares, Inc. Declares Stock Dividend and Quarterly Cash Dividends …” on October 28, 2016. More interesting news about Commerce Bancshares, Inc. (NASDAQ:CBSH) was released by: Businesswire.com and their article: “Commerce Bancshares, Inc. (CBSH) Releases Results of 2016 Dodd-Frank Act …” with publication date: October 20, 2016.

CBSH Company Profile

Commerce Bancshares, Inc., incorporated on August 4, 1966, is a bank holding firm of Commerce Bank (the Bank). The Bank is engaged in general banking business, providing a range of retail, corporate, investment, trust and asset management services and products to individuals and businesses. The Firm operates through three divisions: Consumer, Commercial and Wealth. The Firm also owns, directly or through the Bank, various non-banking subsidiaries. The Company’s activities include private equity investment, securities brokerage, insurance agency, mortgage banking, and leasing activities.

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