Commerce Bancshares Inc (NASDAQ: CBSH) has reported earnings for its third fiscal quarter (ending September 30) of $1.07 versus $0.96 for the same period a year ago — an increase of 11%. This performance was $0.06 better than the consensus estimate of $1.01. E.P.S. were $3.85 for the latest four quarters through September 30 versus $3.99 for the same period a year ago — a decline of -4%.
Recent Price Action
On 10/17/24, Commerce Bancshares Inc (NASDAQ: CBSH) stock declined slightly by -0.9%, closing at $61.11. Moreover, above average trading volume at 143% of normal accompanied the decline. Relative to the market the stock has been strong over the last nine months and has risen 4.7% during the last week.
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 (High Neutral). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Commerce Bancshares has a neutral Appreciation Score of 49 but a good Power Rating of 71, triggering the High Neutral Value Trend Rating.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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