Stephens Keeps a Hold Rating on Commerce Bancshares Inc

By Ryan Adsit

In a report released today, Matt Olney from Stephens maintained a Hold rating on Commerce Bancshares Inc (NASDAQ: CBSH), with a price target of $65. The company’s shares closed yesterday at $66.39, close to its 52-week high of $67.42.

According to TipRanks.com, Olney is a 4-star analyst with an average return of 9.1% and a 73.3% success rate. Olney covers the Financial sector, focusing on stocks such as Hancock Whitney Corporation, First Financial Bankshares, and Texas Capital Bancshares.

Commerce Bancshares Inc has an analyst consensus of Moderate Sell, with a price target consensus of $63.80.

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Based on Commerce Bancshares Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $99.86 million. In comparison, last year the company had a net profit of $78.02 million.

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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.