Commerce Bancshares, Inc. (NASDAQ: CBSH) has a higher price-to-earnings ratio of 17.42x compared to its average ratio. CBSH has 36-month beta value of 0.75. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 8 as “hold,” and 3 as “sell.”
The public float for CBSH is 125.23M, and currently, short sellers hold a 1.57% ratio of that float. The average trading volume of CBSH on July 26, 2024 was 515.42K shares.
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CBSH) stock’s latest price update
The stock price of Commerce Bancshares, Inc. (NASDAQ: CBSH) has surged by 0.86 when compared to previous closing price of 63.69, but the company has seen a 1.15% gain in its stock price over the last five trading sessions. zacks.com reported 2024-07-23 that Commerce (CBSH) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
CBSH’s Market Performance
CBSH’s stock has risen by 1.15% in the past week, with a monthly rise of 19.10% and a quarterly rise of 14.88%. The volatility ratio for the week is 2.03% while the volatility levels for the last 30 days are 2.01% for Commerce Bancshares, Inc. The simple moving average for the past 20 days is 9.68% for CBSH’s stock, with a 22.94% simple moving average for the past 200 days.
Analysts’ Opinion of CBSH
Many brokerage firms have already submitted their reports for CBSH stocks, with Raymond James repeating the rating for CBSH by listing it as a “Outperform.” The predicted price for CBSH in the upcoming period, according to Raymond James is $61 based on the research report published on April 17, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see CBSH reach a price target of $55. The rating they have provided for CBSH stocks is “Neutral” according to the report published on January 11th, 2024.
Morgan Stanley gave a rating of “Equal-Weight” to CBSH, setting the target price at $49 in the report published on September 27th of the previous year.
CBSH Trading at 14.05% 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 -1.03% of loss for the given period.
Volatility was left at 2.01%, however, over the last 30 days, the volatility rate increased by 2.03%, as shares surge +18.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.94% upper at present.
During the last 5 trading sessions, CBSH rose by +1.15%, which changed the moving average for the period of 200-days by +40.73% in comparison to the 20-day moving average, which settled at $59.07. In addition, Commerce Bancshares, Inc. saw 20.28% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CBSH starting from Roller David L., who sale 861 shares at the price of $64.30 back on Jul 23 ’24. After this action, Roller David L. now owns 30,949 shares of Commerce Bancshares, Inc., valued at $55,366 using the latest closing price.
KEMPER JONATHAN M, the Director of Commerce Bancshares, Inc., sale 19,626 shares at $63.66 during a trade that took place back on Jul 22 ’24, which means that KEMPER JONATHAN M is holding 997,112 shares at $1,249,334 based on the most recent closing price.
Stock Fundamentals for CBSH
Current profitability levels for the company are sitting at:
- -0.11 for the present operating margin
- 1.0 for the gross margin
The net margin for Commerce Bancshares, Inc. stands at 0.25. The total capital return value is set at -0.01. Equity return is now at value 16.50, with 1.51 for asset returns.
Based on Commerce Bancshares, Inc. (CBSH), the company’s capital structure generated 0.45 points at debt to capital in total, while cash flow to debt ratio is standing at 0.21. The debt to equity ratio resting at 0.81. The interest coverage ratio of the stock is -0.61.
Currently, EBITDA for the company is -8.12 million with net debt to EBITDA at 7.38. When we switch over and look at the enterprise to sales, we see a ratio of 5.79. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.31.
Conclusion
To put it simply, Commerce Bancshares, Inc. (CBSH) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
