The stock of Commerce Bancshares, Inc. (CBSH) has seen a 2.62% increase in the past week, with a 2.74% gain in the past month, and a -1.77% decrease in the past quarter. The volatility ratio for the week is 1.82%, and the volatility levels for the past 30 days are at 2.14% for CBSH. The simple moving average for the past 20 days is 2.46% for CBSH’s stock, with a 8.78% simple moving average for the past 200 days.
Is It Worth Investing in Commerce Bancshares, Inc. (NASDAQ: CBSH) Right Now?
The price-to-earnings ratio for Commerce Bancshares, Inc. (NASDAQ: CBSH) is 14.64x, which is above its average ratio. Moreover, the 36-month beta value for CBSH is 0.79. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 8 as “hold,” and 3 as “sell.”
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The public float for CBSH is 125.72M and currently, short sellers hold a 1.71% of that float. On March 29, 2024, CBSH’s average trading volume was 465.27K shares.
CBSH) stock’s latest price update
Commerce Bancshares, Inc. (NASDAQ: CBSH)’s stock price has dropped by -0.24 in relation to previous closing price of 53.33. Nevertheless, the company has seen a gain of 2.62% in its stock price over the last five trading days. Zacks Investment Research reported 2024-03-14 that Commerce Bancshares (CBSH) is well-poised for top-line growth supported by decent loan demand and fee income growth. A solid capital position supports sustainable capital distributions.
Analysts’ Opinion of CBSH
Many brokerage firms have already submitted their reports for CBSH stocks, with BofA Securities repeating the rating for CBSH by listing it as a “Neutral.” The predicted price for CBSH in the upcoming period, according to BofA Securities is $55 based on the research report published on January 11, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see CBSH reach a price target of $49, previously predicting the price at $48. The rating they have provided for CBSH stocks is “Equal-Weight” according to the report published on September 27th, 2023.
Morgan Stanley gave a rating of “Underweight” to CBSH, setting the target price at $48 in the report published on May 16th of the previous year.
CBSH Trading at 2.12% from the 50-Day Moving Average
After a stumble in the market that brought CBSH to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -6.67% of loss for the given period.
Volatility was left at 2.14%, however, over the last 30 days, the volatility rate increased by 1.82%, as shares surge +2.23% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.52% upper at present.
During the last 5 trading sessions, CBSH rose by +2.62%, which changed the moving average for the period of 200-days by +11.12% in comparison to the 20-day moving average, which settled at $51.98. In addition, Commerce Bancshares, Inc. saw -0.39% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CBSH starting from Holmes Robert S, who sale 5,000 shares at the price of $52.66 back on Mar 11 ’24. After this action, Holmes Robert S now owns 50,293 shares of Commerce Bancshares, Inc., valued at $263,275 using the latest closing price.
KEMPER JONATHAN M, the Director of Commerce Bancshares, Inc., sale 18,900 shares at $53.61 during a trade that took place back on Mar 05 ’24, which means that KEMPER JONATHAN M is holding 996,884 shares at $1,013,229 based on the most recent closing price.
Stock Fundamentals for CBSH
Current profitability levels for the company are sitting at:
- 1.0 for the gross margin
The net margin for Commerce Bancshares, Inc. stands at 0.28. Equity return is now at value 17.52, with 1.49 for asset returns.
Based on Commerce Bancshares, Inc. (CBSH), the company’s capital structure generated 0.5 points at debt to capital in total, while cash flow to debt ratio is standing at 0.17.
Currently, EBITDA for the company is -8.12 million with net debt to EBITDA at 0.29. When we switch over and look at the enterprise to sales, we see a ratio of 4.2. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.30.
Conclusion
To wrap up, the performance of Commerce Bancshares, Inc. (CBSH) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
