Commerce Bancshares (CBSH) Gets a Sell Rating from Morgan Stanley

By Austin Angelo

Morgan Stanley analyst Ken Zerbe reiterated a Sell rating on Commerce Bancshares (CBSHResearch Report) today and set a price target of $52.40. The company’s shares closed last Monday at $64.04.

According to TipRanks.com, Zerbe is a 4-star analyst with an average return of 4.3% and a 58.2% success rate. Zerbe covers the Financial sector, focusing on stocks such as People’s United Financial, Valley National Bancorp, and Huntington Bancshares.

Commerce Bancshares has an analyst consensus of Moderate Sell, with a price target consensus of $57.00.

See today’s analyst top recommended stocks >>

The company has a one-year high of $67.84 and a one-year low of $53.40. Currently, Commerce Bancshares has an average volume of 442.5K.

Based on the recent corporate insider activity of 141 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CBSH in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Commerce Bancshares, Inc. operates as a bank holding company. Its provides electronic banking, deposit accounts, loans and credit lines, and mortgage loans. The company was founded in February 1968 and is headquartered in Nolensville, TN.