Are Analysts Bearish Commerce Bancshares, Inc. (NASDAQ:CBSH) After Last Week?

January 17, 2018 - By Ellis Scott

 Are Analysts Bearish Commerce Bancshares, Inc. (NASDAQ:CBSH) After Last Week?
Investors sentiment increased to 1.43 in 2017 Q3. Its up 0.23, from 1.2 in 2017Q2. It is positive, 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.
7,852 are held by Fdx Advsrs Inc. Comml Bank Of Montreal Can holds 35,108 shares. Tompkins accumulated 0% or 125 shares. Eaton Vance holds 0% in Commerce Bancshares, Inc. (NASDAQ:CBSH) or 24,150 shares. Parkside Retail Bank And Tru owns 6,766 shares. Walthausen & Limited, New York-based fund reported 115,575 shares. Amer Century Inc holds 3.27 million shares. Cambridge Rech Advisors has invested 0.02% in Commerce Bancshares, Inc. (NASDAQ:CBSH). Chicago Equity Ptnrs holds 0.09% or 50,766 shares in its portfolio. Brown Advisory reported 51,926 shares stake. Amalgamated Bank has 17,036 shares. Creative Planning holds 106,033 shares or 0.03% of its portfolio. First Manhattan stated it has 0% of its portfolio in Commerce Bancshares, Inc. (NASDAQ:CBSH). Northern Corp invested in 695,051 shares. Gsa Capital Llp stated it has 4,898 shares or 0.02% of all its holdings.

Since August 30, 2017, it had 0 insider buys, and 3 selling transactions for $3.95 million activity. CAPPS JOHN R also sold $548,204 worth of Commerce Bancshares, Inc. (NASDAQ:CBSH) on Wednesday, August 30. The insider STRANGHOENER V RAYMOND sold 6,399 shares worth $373,700.

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 had 27 analyst reports since October 15, 2015 according to SRatingsIntel. Barclays Capital maintained Commerce Bancshares, Inc. (NASDAQ:CBSH) on Tuesday, January 2 with “Hold” rating. The stock has “Hold” rating by Jefferies on Friday, September 15. On Thursday, October 15 the stock rating was maintained by Jefferies with “Hold”. The stock of Commerce Bancshares, Inc. (NASDAQ:CBSH) has “Hold” rating given on Friday, June 9 by Jefferies. Keefe Bruyette & Woods maintained the shares of CBSH in report on Thursday, December 21 with “Sell” rating. The firm has “Sell” rating by Keefe Bruyette & Woods given on Wednesday, December 6. Keefe Bruyette & Woods maintained the stock with “Sell” rating in Friday, September 15 report. The rating was initiated by Piper Jaffray with “Neutral” on Monday, July 11. On Monday, June 12 the stock rating was maintained by Keefe Bruyette & Woods with “Sell”. The stock has “Hold” rating by Piper Jaffray on Friday, October 6. Below is a list of Commerce Bancshares, Inc. (NASDAQ:CBSH) latest ratings and price target changes.

02/01/2018 Broker: Barclays Capital Rating: Hold New Target: $59.0 Maintain
21/12/2017 Broker: Keefe Bruyette & Woods Rating: Sell New Target: $53.0 Maintain
06/12/2017 Broker: Keefe Bruyette & Woods Rating: Sell New Target: $47.0 Maintain
12/10/2017 Broker: Piper Jaffray Rating: Hold New Target: $57.0 Maintain
10/10/2017 Broker: Jefferies Rating: Hold New Target: $62.0 Maintain
06/10/2017 Broker: Piper Jaffray Rating: Hold New Target: $60.0 Initiate
03/10/2017 Broker: Keefe Bruyette & Woods Rating: Sell New Target: $49.0 Maintain
15/09/2017 Broker: Keefe Bruyette & Woods Rating: Sell New Target: $51.0 Maintain
15/09/2017 Broker: Jefferies Rating: Hold New Target: $61.0 Maintain
14/08/2017 Broker: Keefe Bruyette & Woods Rating: Sell New Target: $51.0 Maintain

The stock increased 0.56% or $0.33 during the last trading session, reaching $58.12. About 151,489 shares traded. Commerce Bancshares, Inc. (NASDAQ:CBSH) has risen 19.51% since January 17, 2017 and is uptrending. It has outperformed by 2.81% the S&P500.

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 $6.50 billion. It operates through three divisions: Consumer, Commercial, and Wealth. It has a 21.66 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: Stltoday.com which released: “Commerce Bancshares giving employees $1000 bonus, citing tax cut” on January 02, 2018. Also Bizjournals.com published the news titled: “Commerce Bank doles out ‘tax reform’ bonuses” on January 03, 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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