In yesterday’s Wall Street session, Commerce Bancshares, Inc (NASDAQ:CBSH) shares traded at $62.77, up 0.63% from the previous session.
CBSH stock price is now -4.36% away from the 50-day moving average and 8.55% away from the 200-day moving average. The market capitalization of the company currently stands at $8.45B.
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On September 30, 2024, Morgan Stanley Downgraded its previous ‘Overweight’ rating to ‘Equal-Weight’ on the stock reducing its target price from $66 to quote $64, while ‘Raymond James’ rates the stock as ‘Outperform’
In other news, BARTH KEVIN G, Executive Vice President sold 1,582 shares of the company’s stock on Dec 17 ’24. The stock was sold for $106,853 at an average price of $67.54. Upon completion of the transaction, the Executive Vice President now directly owns 65,409 shares in the company, valued at $4.11 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 16 ’24, Senior Vice President Kellerhals Patricia R sold 1,000 shares of the business’s stock. A total of $67,690 was realized by selling the stock at an average price of $67.69. This leaves the insider owning 21,265 shares of the company worth $1.33 million. A total of 3.01% of the company’s stock is owned by insiders.
During the past 12 months, Commerce Bancshares, Inc has had a low of $47.09 and a high of $72.75. According to the stock market information, the enterprise value for the company is $6522120704, which is based on a 17.15 price-to-earnings ratio, a 2.90 price-to-earnings-growth ratio, and a beta of 0.79. The fifty day moving average price for CBSH is $65.63025 and a two-hundred day moving average price translates $57.823704 for the stock.
The latest earnings results from Commerce Bancshares, Inc (NASDAQ: CBSH) was released for 2024-09-30. The net profit margin was 26.40% and return on equity was 16.46% for CBSH. The company reported revenue of $372.07 million for the quarter, compared to $361.16 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.02 percent. For the current quarter, analysts expect CBSH to generate $415.86M in revenue.
