Commerce Bancshares, Inc. (CBSH) Analysts See $0.71 EPS

January 16, 2018 - By Richard Conner

 Commerce Bancshares, Inc. (CBSH) Analysts See $0.71 EPS
Investors sentiment increased to 1.43 in 2017 Q3. 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.
Jpmorgan Chase owns 1.09M shares. Raymond James And stated it has 0.02% in Commerce Bancshares, Inc. (NASDAQ:CBSH). Cornerstone Cap Mgmt Lc accumulated 0.02% or 37,517 shares. Jag Cap Management Ltd Com holds 0.07% or 6,441 shares. American Grp Inc has 0.04% invested in Commerce Bancshares, Inc. (NASDAQ:CBSH) for 182,942 shares. Texas Permanent School Fund accumulated 65,283 shares. Morgan Stanley holds 374,938 shares. Mariner Wealth Advsr Ltd Liability Company holds 0.08% or 29,152 shares. Benjamin F Edwards & owns 0.04% invested in Commerce Bancshares, Inc. (NASDAQ:CBSH) for 6,340 shares. Hutchin Hill L P stated it has 0.01% in Commerce Bancshares, Inc. (NASDAQ:CBSH). Swiss Bank & Trust has 0.01% invested in Commerce Bancshares, Inc. (NASDAQ:CBSH). Enterprise Svcs owns 2,351 shares or 0.07% of their US portfolio. Hancock Holdg has 4,172 shares. Natixis holds 6,278 shares or 0% of its portfolio. Moreover, Paloma Prns Mgmt has 0.01% invested in Commerce Bancshares, Inc. (NASDAQ:CBSH) for 14,469 shares.

Since August 30, 2017, it had 0 insider buys, and 3 sales for $3.95 million activity. $373,700 worth of stock was sold by STRANGHOENER V RAYMOND on Thursday, October 26. $3.03M worth of Commerce Bancshares, Inc. (NASDAQ:CBSH) shares were sold by KEMPER JONATHAN M.

Analysts expect Commerce Bancshares, Inc. (NASDAQ:CBSH) to report $0.71 EPS on January, 17.They anticipate $0.06 EPS change or 9.23 % from last quarter’s $0.65 EPS. CBSH’s profit would be $79.40 million giving it 20.40 P/E if the $0.71 EPS is correct. After having $0.68 EPS previously, Commerce Bancshares, Inc.’s analysts see 4.41 % EPS growth. The stock decreased 0.19% or $0.11 during the last trading session, reaching $57.95. About 626,616 shares traded or 57.58% up from the average. Commerce Bancshares, Inc. (NASDAQ:CBSH) has risen 19.51% since January 16, 2017 and is uptrending. It has outperformed by 2.81% the S&P500.

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 has $62.0 highest and $40 lowest target. $55.17’s average target is -4.80% below currents $57.95 stock price. Commerce Bancshares had 27 analyst reports since October 15, 2015 according to SRatingsIntel. The firm has “Market Perform” rating given on Friday, January 6 by Wells Fargo. Jefferies maintained Commerce Bancshares, Inc. (NASDAQ:CBSH) rating on Thursday, October 15. Jefferies has “Hold” rating and $44 target. The stock of Commerce Bancshares, Inc. (NASDAQ:CBSH) earned “Neutral” rating by Piper Jaffray on Monday, July 11. The company was maintained on Friday, August 11 by Jefferies. The stock has “Hold” rating by Jefferies on Friday, June 9. The stock has “Hold” rating by Jefferies on Tuesday, October 10. Piper Jaffray initiated the stock with “Hold” rating in Friday, October 6 report. Jefferies maintained the stock with “Hold” rating in Friday, September 15 report. On Friday, July 14 the stock rating was maintained by Stephens with “Hold”. As per Thursday, December 21, the company rating was maintained by Keefe Bruyette & Woods.

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 $6.48 billion. It operates through three divisions: Consumer, Commercial, and Wealth. It has a 21.6 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 Bank doles out ‘tax reform’ bonuses” on January 03, 2018. Also Stltoday.com published the news titled: “Commerce Bancshares giving employees $1000 bonus, citing tax cut” on January 02, 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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