Jefferies Remains a Hold on Commerce Bancshares Inc

By Carrie Williams

In a report issued on June 9, Ken Usdin from Jefferies reiterated a Hold rating on Commerce Bancshares Inc (NASDAQ: CBSH), with a price target of $61. The company’s shares closed last Friday at $57.

According to, Usdin is a top 25 analyst with an average return of 19.9% and a 80.4% success rate. Usdin covers the Financial sector, focusing on stocks such as Government Properties Income Trust, Old National Bancorp Capital, and Discover Financial Services.

Commerce Bancshares Inc has an analyst consensus of Hold, with a price target consensus of $54.

Commerce Bancshares Inc’s market cap is currently $5.81B and has a P/E ratio of 21.31. The company has a book value ratio of 2.4049.

Based on the recent corporate insider activity of 189 insiders, corporate insider sentiment is negative on the stock. Most recently, in July 2016, Jeffery Aberdeen, the Controller of CBSH bought 2,000 shares for a total of $58,100.

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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 its business through the following segments: Consumer, Commercial and Wealth. The Consumer segment includes the retail branch network, consumer installment lending, personal mortgage banking, debit and credit bank card activities. The Commercial segment provides corporate lending, including the small business banking product line within the branch network, leasing, international services, and business, government deposit, and related commercial cash management services, as well as merchant and commercial bank card products. The Wealth segment provides traditional trust and estate tax planning, advisory and discretionary investment management and brokerage services. The company was founded on August 4, 1966 and is headquartered in Kansas City, MO.