Commerce Bancshares Inc Gets a Hold Rating from Barclays

By Jason Carr

Barclays analyst Matthew Keating maintained a Hold rating on Commerce Bancshares Inc (NASDAQ: CBSH) on December 21 and set a price target of $55. The company’s shares closed on Friday at $56.75, close to its 52-week high of $57.91.

According to TipRanks.com, Keating is a 4-star analyst with an average return of 5.5% and a 62.7% success rate. Keating covers the Financial sector, focusing on stocks such as First Interstate Bancsystem, Dime Community Bancshares, and People’s United Financial.

Commerce Bancshares Inc has an analyst consensus of Moderate Sell, with a price target consensus of $57.50.

Commerce Bancshares Inc’s market cap is currently $6.07B and has a P/E ratio of 21.13. The company has a book value ratio of 2.3736.

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Commerce Bancshares, Inc. operates as a bank holding company for Commerce Bank. It provides general banking services, such as retail, corporate, investment, trust, and asset management products and services to individuals and businesses. The company operates through the following business segments: Consumer, Commercial and Wealth.