New insider activity at Commerce Bancshares ( (CBSH) ) has taken place on February 12, 2025.
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EVP & CFO Charles Kim recently sold 13,493 shares of Commerce Bancshares stock, amounting to a total transaction value of $914,150.
Recent Updates on CBSH stock
Commerce Bancshares has experienced several positive developments recently that have influenced analysts to raise their price targets for the company. A strong Q4 2024 earnings report, which included exceeding EPS expectations with a reported $1.01 against a consensus of 94 cents, has been a significant driver for optimism. The company’s announcement of a 7% increase in its quarterly dividend further signifies its robust financial health. Analysts from BofA, Morgan Stanley, and Piper Sandler have raised their price targets based on Commerce Bancshares’ better-than-expected revenue results, resilient net interest margins, and strong profitability metrics. These improvements are attributed to the company’s asset-sensitive balance sheet and the anticipation of fewer rate cuts in 2025, which are expected to further enhance net interest margins. Despite its premium valuation, the company’s strong credit profile and revenue diversity continue to make it an attractive investment in a risk-off environment.
More about Commerce Bancshares
YTD Price Performance: 8.06%
Average Trading Volume: 515,746
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $9.11B