New insider activity at Commerce Bancshares ( (CBSH) ) has taken place on February 7, 2025.
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Senior Vice President David L. Roller has recently sold 3,348 shares of Commerce Bancshares stock, amounting to a sale worth $227,027. Additionally, Executive Vice President and Chief Credit Officer David L. Orf has sold 1,036 shares, with the transaction valued at $70,686.
Recent Updates on CBSH stock
Commerce Bancshares has experienced several positive developments that have contributed to a rise in its stock price targets by major financial institutions. The company’s recent strong Q4 2024 earnings report, which showed a higher-than-expected EPS of $1.01 compared to the consensus estimate of 94c, has been a significant factor in these price target adjustments. Analysts from BofA, Morgan Stanley, and Piper Sandler have raised their price targets, citing factors such as higher revenue, resilient net interest margins, and the company’s well-above average profitability metrics. Additionally, fewer expected Fed rate cuts in 2025 are anticipated to benefit Commerce Bancshares’ net interest income due to its asset-sensitive balance sheet. Despite these positive outlooks, some analysts remain cautious due to limited catalysts for further growth and a premium valuation.
More about Commerce Bancshares
YTD Price Performance: 10.70%
Average Trading Volume: 525,240
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $9.2B