Commerce Bancshares, Inc. (NASDAQ:CBSH) shares, rose in value, with the stock price up by 0.94% to the previous day’s close as strong demand from buyers drove the stock to $63.52.
Actively observing the price movement in the last trading, the stock closed the session at $62.93, falling within a range of $62.74 and $64.035. The value of beta (5-year monthly) was 0.768 whereas the PE ratio was 17.20 over 12-month period. Referring to stock’s 52-week performance, its high was $65.86, and the low was $40.91. On the whole, CBSH has fluctuated by -2.14% over the past month.
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With the market capitalization of Commerce Bancshares, Inc. currently standing at about $8.19 billion, investors are eagerly awaiting this quarter’s results, scheduled for in September. The company’s Forward Dividend Ratio is 1.04, with its dividend yield at 1.64%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.66B, with a low estimate of 415.4M and a high estimate of 423M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 419.25M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CBSH’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of CBSH currently trading nearly 3.29% and 6.46% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 62.46, while the 7-day volatility ratio is showing 1.97% which for the 30-day chart, stands at 2.11%. Furthermore, Commerce Bancshares, Inc. (CBSH)’s beta value is 0.76, and its average true range (ATR) is 1.31.
A comparison of Commerce Bancshares, Inc. (CBSH) with its peers suggests the former has fared considerably weaker in the market. CBSH showed an intraday change of 0.94% in last session, and over the past year, it grew by 33.74%%.
Data on historical trading for Commerce Bancshares, Inc. (NASDAQ:CBSH) indicates that the trading volumes over the past 10 days have averaged 0.62 and over the past 3 months, they’ve averaged 567.88K. According to company’s latest data on outstanding shares, there are 130.45 million shares outstanding.
Nearly 3.15% of Commerce Bancshares, Inc.’s shares belong to company insiders and institutional investors own 70.93% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.03 million shares as on 2024-08-15, resulting in a short ratio of 3.02. According to the data, the short interest in Commerce Bancshares, Inc. (CBSH) stood at 171.00 of shares outstanding as of 2024-08-15; the number of short shares registered in 2024-07-15 reached 1.96 million. The stock has risen by 18.93% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CBSH stock heading into the next quarter.
