In the past week, CBSH stock has gone up by 0.76%, with a monthly gain of 1.81% and a quarterly surge of 14.95%. The volatility ratio for the week is 1.72%, and the volatility levels for the last 30 days are 1.98% for Commerce Bancshares, Inc. The simple moving average for the last 20 days is 4.06% for CBSH stock, with a simple moving average of 17.10% for the last 200 days.
Is It Worth Investing in Commerce Bancshares, Inc. (NASDAQ: CBSH) Right Now?
Commerce Bancshares, Inc. (NASDAQ: CBSH) has a price-to-earnings ratio of 17.32x that is above its average ratio. Additionally, the 36-month beta value for CBSH is 0.76. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 8 rating it as “hold,” and 3 rating it as “sell.”
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The public float for CBSH is 124.85M and currently, short sellers hold a 1.63% ratio of that float. The average trading volume of CBSH on September 02, 2024 was 596.79K shares.
CBSH) stock’s latest price update
The stock of Commerce Bancshares, Inc. (NASDAQ: CBSH) has increased by 1.07 when compared to last closing price of 63.28. Despite this, the company has experienced a 0.76% gain in its stock price over the last five trading sessions. zacks.com reported 2024-08-22 that Commerce Bancshares (CBSH) is set to leverage its balance sheet repositioning actions, loan demand and high rates. These factors make the stock a lucrative bet.
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 6.49% 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 -2.88% of loss for the given period.
Volatility was left at 1.98%, however, over the last 30 days, the volatility rate increased by 1.72%, as shares surge +4.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.66% upper at present.
During the last 5 trading sessions, CBSH rose by +0.76%, which changed the moving average for the period of 200-days by +48.02% in comparison to the 20-day moving average, which settled at $61.61. In addition, Commerce Bancshares, Inc. saw 19.75% 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 Kellerhals Patricia R, who sale 1,500 shares at the price of $60.82 back on Aug 12 ’24. After this action, Kellerhals Patricia R now owns 25,381 shares of Commerce Bancshares, Inc., valued at $91,230 using the latest closing price.
Kellerhals Patricia R, the Officer of Commerce Bancshares, Inc., proposed sale 1,500 shares at $60.82 during a trade that took place back on Aug 12 ’24, which means that Kellerhals Patricia R is holding shares at $91,230 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 16.46, 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 0.22. The debt to equity ratio resting at 0.81. The interest coverage ratio of the stock is -0.46.
Currently, EBITDA for the company is -8.12 million with net debt to EBITDA at 0.03. When we switch over and look at the enterprise to sales, we see a ratio of 4.27. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.31.
Conclusion
In conclusion, Commerce Bancshares, Inc. (CBSH) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
