Commerce Bancshares Inc (NASDAQ: CBSH) has reported earnings for its second fiscal quarter (ending June 30) of $1.07 versus $1.03 for the same period a year ago — an increase of 4%. This result exceeded the consensus estimate of $0.89 by $0.18. For the latest four quarters through June 30, E.P.S. were $3.69 versus $4.01 for the same period a year ago — a decline of -8%.
Recent Price Action
On 7/18/24, Commerce Bancshares Inc (NASDAQ: CBSH) stock enjoyed a large increase of 3.0%, closing at $63.51. Moreover, exceptionally high trading volume at 295% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 11.4% 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). 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 48 and a slightly positive Power Rating of 67, with the High Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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