As of Friday close, Commerce Bancshares Inc.’s (NASDAQ:CBSH) stock was down -$0.31, moving down -0.61 percent to $50.26. The average number of shares traded per day over the past five days has been 392,020 shares. 1 time new highs have been achieved over the past 5 days, with a -$2.42 fall in that time frame. In the last twenty days, the average volume was 544,865, while in the previous 50 days, it was 601,450.
Since last month, CBSH stock retreated -4.36%. Shares of the company fell to $50.13 on 08/18/23, the lowest level in the past month. A 52-week high of $72.60 was reached on 01/17/23 after having rallying from a 52-week low of $45.55. Since the beginning of this year, CBSH’s stock price has dropped by -26.16% or -$17.81, and marked a new high 7 times. However, the stock has declined by -30.77% since its 52-week high.
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CBSH stock investors should be aware that Commerce Bancshares Inc. (CBSH) stock had its last reported insider trading activity 18 days ago on Aug 01. Brooks Derrick, the Senior Vice President of the company, disposed of 1,430 shares for $52.63 on Aug 01. It resulted in a $75,261 divestment by the insider. BRAUER BLACKFORD F added 5,000 shares at an average price of $53.00 on Jul 28. The insider now owns 23,172 shares following the transaction. On Mar 02, Senior Vice President Neff Douglas D sold 856 shares at $64.92 apiece. The transaction was valued at $55,574.
Valuation Metrics
Right now, Commerce Bancshares Inc. (CBSH) has a P/E ratio of about 12.74. The stock’s beta is 0.75. Besides these, the trailing price-to-sales (P/S) ratio of 5.18, the price-to-book (PB) ratio of 2.33, and the price-to-cash flow ratio of 15.41 may also be considered.
The latest dividend of $0.27 per share was paid out, remained unchanged from last year’s $0.27.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.38, and the total debt-to-equity ratio was 0.38. In the year ended June 29, operating margins totaled 79.00%. Based on annual data, CBSH earned $942.18 million in gross profit and brought in $998.98 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 31.60%. Return on equity (ROE) for the past 12 months was 19.60%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Commerce Bancshares Inc. to report $0.94 quarterly earnings, the actual figure was $1.02 per share, beating the consensus estimate by 8.50%. The value of shareholders’ equity is $124.7 million.
Technical Picture
This quick technical analysis looks at Commerce Bancshares Inc.’s (CBSH) price momentum. With a historical volatility rate of 8.36%, the RSI 9-day stood at 29.13% on 18 August.
With respect to its five-day moving average, the current Commerce Bancshares Inc. price is down by -4.59% percent or -$2.42. At present, CBSH shares trade -4.39% below its 20-day simple moving average and -13.43% percent below its 100-day simple moving average. However, the stock is currently trading approximately -3.42% below its SMA50 and -25.50% below its SMA200.
Stochastic coefficient K was 1.91% and Stochastic coefficient D was 4.67%, while ATR was 1.07. Given the Stochastic reading of 3.23% for the 14-day period, the RSI (14) reading has been calculated as 39.73%. As of today, the MACD Oscillator reading stands at -1.31, while the 14-day reading stands at -1.94.
Analyst Ratings
Commerce Bancshares Inc. downgraded its rating on Commerce Bancshares Inc. (NASDAQ: CBSH) to an Underweight in a note to investors on May 16, 2023. The analysts firm previously had an Equal-weight rating on the stock.Commerce Bancshares Inc. (CBSH) has been rated Hold by analysts. According to 1 brokerage firm, CBSH is a sell, and 6 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Commerce Bancshares Inc. stock as buy, with 0 recommending it as overweight.
With a median target price of $53.50, the current consensus forecast for the stock is $48.00 – $56.00. Based on these forecasts, analysts predict Commerce Bancshares Inc. (CBSH) will achieve an average price target of $53.00.
