Currently, there are 134.15M common shares owned by the public and among those 130.12M shares have been available to trade.
The company’s stock has a 5-day price change of -2.82% and -4.47% over the past three months. CBSH shares are trading 5.50% year to date (YTD), with the 12-month market performance up to 37.81% higher. It has a 12-month low price of $47.79 and touched a high of $72.75 over the same period. CBSH has an average intraday trading volume of 513.80K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.24%, 0.38%, and 10.08% respectively.
Institutional ownership of Commerce Bancshares, Inc (NASDAQ: CBSH) shares accounts for 70.82% of the company’s 134.15M shares outstanding.
It has a market capitalization of $8.85B and a beta (3y monthly) value of 0.78. The stock’s trailing 12-month PE ratio is 16.97, while the earnings-per-share (ttm) stands at $3.87. The company has a PEG of 1.97 and the debt-to-equity ratio at 0.88. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.78% over the week and 2.00% over the month.
Earnings per share for the fiscal year are expected to increase by 1.85%, and 5.55% over the next financial year. EPS should grow at an annualized rate of 8.62% over the next five years, compared to 6.66% over the past 5-year period.
Morgan Stanley coverage for the Commerce Bancshares, Inc (CBSH) stock in a research note released on September 30, 2024 offered a Equal-Weight rating with a price target of $64. Raymond James was of a view on April 17, 2024 that the stock is Outperform, while BofA Securities gave the stock Neutral rating on January 11, 2024, issuing a price target of $55. Morgan Stanley on their part issued Equal-Weight rating on September 27, 2023.
