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Stock Charts AI Power Rank: 9.3
Power Rank trend -> Rising
07/08/2024 10:51:00 EST
Commerce Bancshares Inc (CBSH)
Industry: Banks - Regional
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, CBSH has been trading in a range between $55.78 and $52.95 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
CBSH is trading below resistance at $57.08, about 3% to the upside. There is support at $54.33 -2% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Commerce Bancshares Inc $CBSH entered a Green zone 6 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $51.33, a potential down side of -6.71% from the recent price of 55.02. The stock is trading 3.96% (potential upside) below its 52 week high of $57.20 and 36.59 % (potential downside) above its 52 week low of $40.28 - based on the recent price.
Company Summary
Commerce Bancshares, Inc operates as the bank holding company for Commerce Bank that provides retail, mortgage banking, corporate, investment, trust, and asset management products and services to individuals and businesses in the United States. It operates through three segments: Consumer, Commercial, and Wealth.
News
| What Makes Commerce (CBSH) a New Strong Buy Stock Commerce (CBSH) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy). Source: Zacks Investment Research Fri, 28 Jun 2024 13:01:20 -0400 Sentiment: Positive |
| Here's Why Commerce Bancshares (CBSH) is Worth Betting On Commerce Bancshares (CBSH) is likely to benefit from its balance sheet repositioning efforts, decent loan demand, high rates and strong liquidity. These make the stock an attractive pick for investors. Source: Zacks Investment Research Thu, 20 Jun 2024 10:35:39 -0400 Sentiment: Positive |
| Commerce Bancshares (CBSH) Rides on High Rates Amid Cost Woes Commerce Bancshares (CBSH) remains well-poised for growth driven by a solid balance sheet, decent loan demand and high rates. However, worsening asset quality and a rising expense base are woes. Source: Zacks Investment Research Tue, 28 May 2024 10:36:04 -0400 Sentiment: Neutral |
| Commerce Bancshares' (CBSH) Balance Sheet Revamp to Aid NII Commerce Bancshares (CBSH) announces a strategic balance sheet repositioning, which will drive its NII higher. This follows the acceptance of a share exchange deal with Visa. Source: Zacks Investment Research Thu, 09 May 2024 09:40:31 -0400 Sentiment: Positive |
| Commerce Bancshares, Inc. Announces Visa Inc.'s Acceptance of Class B-1 Common Stock and Investment Securities Repositioning KANSAS CITY, Mo.--(BUSINESS WIRE)--Commerce Bancshares, Inc. (NASDAQ: CBSH) announced today that Visa Inc. has accepted the company's tender of its 823,447 shares of Visa Class B-1 common stock in exchange for a combination of Visa Class B-2 common stock and Visa Class C common stock. As a result of the exchange, Commerce marked its Visa Class C common stock to fair value and recorded a gain of $175.5 million based on the conversion privilege of the Visa Class C common stock and the closing pri. Source: Business Wire Wed, 08 May 2024 17:46:00 -0400 Sentiment: Neutral |
Technicals 52 Week Hi: 57.195 52 Week Low: 40.2812 Beta: 0.768 50 Day MA: 55.1558 200 Day MA: 51.8509 Earnings / Revenue Trends Qtr Earnings Growth YOY: -0.048 Qtr Revenue Growth YOY: 0.041 Forward PE: 15.748 Trailing PE: 15.3259