Alert: Positive Investment/Fundamental Signals (6/21/24)-Commerce Bancshares Inc (NASDAQ: CBSH)

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Recent meaningful positive changes in fundamentals have benefitted Commerce Bancshares Inc (NASDAQ: CBSH): the consensus estimate for December, 2025 increased significantly, significant quarterly sales acceleration occurred, and significant quarterly earnings acceleration occurred.

Recent notable positive changes in investment behavior have benefitted Commerce Bancshares Inc (NASDAQ: CBSH): the stock rose on very heavy volume.

In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.

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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 C (Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Commerce Bancshares has a neutral Appreciation Score of 49 and a slightly positive Power Rating of 62, leading to the Neutral Value Trend Rating.

Recent Price Action

Commerce Bancshares Inc (NASDAQ: CBSH) stock closed at $54.09 on 6/21/24 after an increase of 1.2%. Moreover, trading volume in this advance was exceptionally high at 234% of normal. The stock is unchanged during the last week and has been strong relative to the market over the last nine months.

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