Commerce Bancshares Inc. (CBSH): CBSH moving up?

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Commerce Bancshares Inc. (NASDAQ:CBSH) changes shares on Friday trading session, with a change of 0.83% or $0.51 shares. The trading starts at $62.28 and closed at $61.32 throughout the day. The trading session low price was $59.925 and day high was $62.40 on Friday, June 19. After the session, the Financial sector daily volume shifted to 1.35 million while its average volume is 537.92K. In other hand, the CBSH market cap reached to $6.84B. While, its current target price is $61.83 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 1.46% and up 3.83% for month. Its quarterly performance was 18.52% above, while its half year performance is down -8.56%. CBSH yearly performance stood at positive 11.61% and fall -8.99% for year-to-date. Current recommendation for Commerce Bancshares Inc. is 3.40.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. CBSH EPS (TTM) for 12-month is 3.21. EPS for this year is -0.50%, while for the next year its value is 2.95. Its EPS Q/Q reached -45.80%. It has an EPS of 11.80% up for past five years.

Let’s take a look on the analyst recommendations on CBSH for the current month and previous month. For the current month, 0 of 10 analysts recommend stock as Buy while 3 as Sell, 0 as overweight, 1 as underweight and 6 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $35.00-$70.00. Average target price for CBSH was reached at $56.56.

Vanguard Group, Inc. (The), Blackrock Inc. and Commerce Bank N.A. (Missouri) are the top three holders in Commerce Bancshares Inc. (CBSH) stock. On Mar 30, 2020, Vanguard Group, Inc. (The) has 10.97 million shares which valued 552.16 million. On Mar 30, 2020, Blackrock Inc. owned 9.36 million shares which valued at 471.17 million. On Mar 30, 2020, Commerce Bank N.A. (Missouri) has a total of 7.15 million shares which valued at 359.84 million. In the end, Commerce Bank N.A. (Missouri) have 6.41% shares outstanding of Commerce Bancshares Inc. (CBSH) on Mar 30, 2020. The insider ownership moved to 2.40% and institutional holding shifted to 71.30%.

The company posted an EPS (TTM) of 3.21. According to the most recent quarter report on (Jun 2020), 10 analysts estimated an average EPS of 0.56, while 0.91 EPS posted a year ago period. Analyst Estimated EPS for CBSH published in the report was 0.29-0.76 during the same period. Comparing with last year, the average estimated EPS was 0.91 which is higher than 0.44 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for CBSH rise 0.81% for period of 200 days. SMA for 50 days was 3.62% which is showing green signal, while SMA-20 was -2.88%. The moving average value for Commerce Bancshares Inc. (CBSH) is 62.06 and 61.06 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in CBSH stock. On Jun 09, Handy John K, Executive Vice President, sold 276 trading shares at the cost of $68.78, which valued at 18982.0. On May 27, Kemper John W, President and CEO, sold 12,079 shares at the cost of $63.85, with total shares of 143,541. On May 18, Kellerhals Patricia R, Senior Vice President, sold 126 shares at the cost of 58.43. After this transaction, Kellerhals Patricia R total shares reached to 7,467 which valued at 7362.0.