Commerce Bancshares, Inc. (NASDAQ: CBSH) is 20.28% higher on its value in year-to-date trading and has touched a low of $40.91 and a high of $64.91 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CBSH stock was last observed hovering at around $63.69 in the last trading session, with the day’s gains setting it 0.55%.
Currently trading at $64.24, the stock is 9.68% and 14.05% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.83 million and changing 0.86% at the moment leaves the stock 22.94% off its SMA200. CBSH registered 27.68% gain for a year compared to 6-month loss of 18.59%.
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The stock witnessed a 19.10% gain in the last 1 month and extending the period to 3 months gives it a 14.88%, and is 1.15% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.03% over the week and 2.01% over the month.
Commerce Bancshares, Inc. (CBSH) has around 4718 employees, a market worth around $8.32B and $2.03B in sales. Current P/E ratio is 17.42 and Fwd P/E is 16.70. Profit margin for the company is 23.55%. Distance from 52-week low is 57.01% and -1.03% from its 52-week high. The company has generated returns on investments over the last 12 months (15.24%).
The EPS is expected to grow by 6.42% this year
The shares outstanding are 130.45M, and float is at 125.23M with Short Float at 1.57%.
Commerce Bancshares, Inc. (CBSH) Insider Activity
The most recent transaction is an insider sale by Roller David L., the company’s Senior Vice President. SEC filings show that Roller David L. sold 861 shares of the company’s common stock on Jul 23 ’24 at a price of $64.30 per share for a total of $55366.0. Following the sale, the insider now owns 30949.0 shares.
Commerce Bancshares, Inc. disclosed in a document filed with the SEC on Jul 22 ’24 that KEMPER JONATHAN M (Director) sold a total of 19,626 shares of the company’s common stock. The trade occurred on Jul 22 ’24 and was made at $63.66 per share for $1.25 million. Following the transaction, the insider now directly holds 1.0 million shares of the CBSH stock.
Still, SEC filings show that on Jul 22 ’24, KEMPER DAVID W (Director) disposed off 14,486 shares at an average price of $63.73 for $0.92 million. The insider now directly holds 1,181,994 shares of Commerce Bancshares, Inc. (CBSH).
