Raymond James has recently reduced Commerce Bancshares Inc (CBSH) stock to Mkt Perform rating, as announced on December 19, 2024, according to Finviz. Earlier, on September 30, 2024, Morgan Stanley had reduced the stock rating, setting a price target of $64 for CBSH stock. Raymond James also raised Outperform rating with a price target of $61. Additionally, BofA Securities initiated Neutral rating on January 11, 2024, with a target price of $55. Morgan Stanley analysts, in their report published on September 27, 2023, also raised rating and set a price target of $48 for Commerce Bancshares Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Commerce Bancshares Inc (CBSH) Stock Trading Recap
On Tuesday, Commerce Bancshares Inc (CBSH) stock saw a decline, ending the day at $59.57 which represents a decrease of $-1.29 or -2.12% from the prior close of $60.86. The stock opened at $60.86 and touched a low of $59.41 during the day, reaching a high of $61.32. The volume of shares traded was 0.80 million exceeding the average volume of 0.53 million.
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CBSH Stock Performance and Moving Averages
In recent trading, Commerce Bancshares Inc (CBSH) stock price has shown some volatility, fluctuating -5.07% over the last five trades and -11.94% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 2.14%, and it has plunged by -13.34% in the previous three months. Currently, CBSH is trading at -7.20%, -7.70%, and -1.57% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, CBSH, a Financial sector stock, is trading -18.12% below its 52-week high but remains 24.40% above its 52-week low. The Average True Range (ATR) (14 days) of 1.48 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Commerce Bancshares Inc’s Profitability and Valuation Ratios
Commerce Bancshares Inc’s profitability metrics reveal financial health. The company currently boasts an operating margin of 35.99% and a profit margin of 27.62%, with a gross margin of 2.14%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Commerce Bancshares Inc’s market capitalization stands at $7.98 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 15.38, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 14.24. Additionally, the Price-to-Sales Ratio is 4.22, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 2.42, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 3.28% of Commerce Bancshares Inc (CBSH)’s shares, while financial institutions hold 71.24%.
Notable insider trades include KIM CHARLES G, Exec. Vice President and CFO at Commerce Bancshares Inc (CBSH), who sold 13,493 shares on Feb 07 ’25, at $67.76 each, totaling $0.91 million. On Feb 05 ’25, Roller David L., Senior Vice President, sold 3,348 shares for $67.81 each, amounting to $0.23 million. Additionally, on Feb 04 ’25, Kemper John W sold 26,042 shares at $67.28 each, generating $1.75 million.
