Extremely important positive changes in investment behavior have recently occurred for Commerce Bancshares Inc (NASDAQ: CBSH): the stock rose on very heavy volume, and positive upside/downside volume developed.
Commerce Bancshares Inc (NASDAQ: CBSH). Notable positive changes in fundamentals have recently occurred: significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
CBSH is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Commerce Bancshares has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Commerce Bancshares has a neutral Appreciation Score of 50 but a good Power Rating of 81, triggering the Positive Value Trend Rating.
Recent Price Action
On 5/30/24, Commerce Bancshares Inc (NASDAQ: CBSH) stock increased 1.9%, closing at $55.45. Moreover, exceptionally high trading volume at 335% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months but has declined -2.5% during the last week.
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