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Sunday, January 24, 2021

Commerce Bancshares Inc. (NASDAQ:CBSH) on the Path to Ruin

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Commerce Bancshares Inc. (CBSH) shares are trading at lower $69.06 and the avg recommendation for the stock is Hold, while the current analyst price target stands at $60.25.

To add more color to this target, the company’s high over the last year is $71.92 and the low is $45.51. Over the last 52 weeks, CBSH is up 8.02% while the S&P 500 is up 15.47%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, CBSH reported a profit of $215.96 million. Commerce Bancshares Inc. also saw revenues increase to $223.11 million. In addition, CBSH has free cash flow of $443.19 million as of 09-2020.

CBSH booked profit margins of 35.50%, its Return on Equity (ROE) is 10.00%, and its Return on Assets is 1.10%. All told, it is clear that, CBSH needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. CBSH has a short ratio of 9.69 and outstanding shares of 110.72M.

Company Outlook

CBSH has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.59 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 2.82. Investors should also keep an eye on sector updates as CBSH has historically followed its peers on positive news.

All told, Commerce Bancshares Inc. CBSH has strung together solid data and demonstrated underlying fundamentals. At its current valuation, CBSH represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Commerce Bancshares Inc. CBSH is now commanding a market cap of 7.69B and a float of 108.15M. CBSH is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of CBSH stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in CBSH, either long or short, and we have not been compensated for this article.

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