Analysts Offer Insights on Financial Companies: Synovus (NYSE: SNV) and Commerce Bancshares Inc (NASDAQ: CBSH)

By Ryan Adsit

Analysts fell to the sidelines weighing in on Synovus (SNVResearch Report) and Commerce Bancshares Inc (CBSHResearch Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

Synovus (SNV)

In a report released today, Tyler Stafford from Stephens maintained a Hold rating on Synovus, with a price target of $39. The company’s shares closed yesterday at $34.39.

According to TipRanks.com, Stafford is a 4-star analyst with an average return of 4.1% and a 50.3% success rate. Stafford covers the Financial sector, focusing on stocks such as Capstar Financial Holdings Inc, Carolina Financial Corporation, and Amerant Bancorp Inc. Class A.

Synovus has an analyst consensus of Strong Buy, with a price target consensus of $43.

See today’s analyst top recommended stocks >>

Commerce Bancshares Inc (CBSH)

Stephens analyst Matt Olney maintained a Hold rating on Commerce Bancshares Inc today and set a price target of $58. The company’s shares closed yesterday at $58.17.

Olney said:

“We maintain our Equal-Weight rating. KEY POINTS: Positive Takeaways. Strong fees appear to be driven by “other” and mortgage sales that offset soft swap fees. Credit trends for consumer and commercial remain steady which drove lower-than-expected LLP expenses and represented $0.01 to consensus EPS. EOP commercial portfolio increased 5% YoY, a modest acceleration from recent range of 3%-4%.”

According to TipRanks.com, Olney is a 1-star analyst with an average return of -0.3% and a 42.9% success rate. Olney covers the Financial sector, focusing on stocks such as Spirit Of Texas Bancshares Inc, Business First Bancshares Inc, and Hancock Whitney Corporation.

Commerce Bancshares Inc has an analyst consensus of Moderate Sell, with a price target consensus of $57.

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