Currently, there are 130.45M common shares owned by the public and among those 124.85M shares have been available to trade.
The company’s stock has a 5-day price change of 0.76% and 14.95% over the past three months. CBSH shares are trading 19.75% year to date (YTD), with the 12-month market performance up to 36.14% higher. It has a 12-month low price of $40.91 and touched a high of $65.86 over the same period. CBSH has an average intraday trading volume of 596.79K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.06%, 6.49%, and 17.10% respectively.
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Institutional ownership of Commerce Bancshares, Inc. (NASDAQ: CBSH) shares accounts for 70.94% of the company’s 130.45M shares outstanding.
It has a market capitalization of $8.25B and a beta (3y monthly) value of 0.76. The stock’s trailing 12-month PE ratio is 17.32, while the earnings-per-share (ttm) stands at $3.69. The company has a debt-to-equity ratio at 0.81. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.72% over the week and 1.98% over the month.
Earnings per share for the fiscal year are expected to increase by 8.04%, and -1.05% over the next financial year.
Looking at the support for the CBSH, a number of firms have released research notes about the stock. Raymond James stated their Outperform rating for the stock in a research note on April 17, 2024, with the firm’s price target at $61. BofA Securities coverage for the Commerce Bancshares, Inc. (CBSH) stock in a research note released on January 11, 2024 offered a Neutral rating with a price target of $55. Morgan Stanley was of a view on September 27, 2023 that the stock is Equal-Weight, while Morgan Stanley gave the stock Underweight rating on May 16, 2023, issuing a price target of $50- $48. Morgan Stanley on their part issued Equal-Weight rating on December 05, 2022.
