Commerce Bancshares, Inc. (NASDAQ:CBSH) is a regional bank holding company based in Kansas City, Missouri. It operates through its subsidiary, Commerce Bank, providing a range of financial services, including personal banking, wealth management, and commercial banking. The company is part of the Zacks Banks - Midwest industry, competing with other regional banks in the Midwest.
On July 17, 2025, Piper Sandler adjusted its rating for NASDAQ:CBSH to Neutral, maintaining a hold action. At that time, the stock was priced at approximately $64.33. Piper Sandler also raised the price target for CBSH from $66.50 to $70, indicating a positive outlook for the stock's future performance.
Commerce Bancshares has demonstrated strong financial performance, as evidenced by its recent quarterly earnings. The company reported earnings of $1.14 per share, surpassing the Zacks Consensus Estimate of $1.02 per share. This represents an earnings surprise of +11.76%. In the previous quarter, CBSH also exceeded expectations with earnings of $0.98 per share against an anticipated $0.93, resulting in a +5.38% surprise.
In addition to strong earnings, Commerce Bancshares reported revenues of $445.76 million for the quarter ending June 2025, exceeding the Zacks Consensus Estimate by 3.58%. This is an increase from the $414.49 million in revenues reported a year ago. The company has consistently surpassed consensus revenue estimates over the past four quarters, showcasing its ability to deliver strong financial results.
Currently, CBSH is priced at $64.26, reflecting an increase of 1.50% or $0.95. The stock has fluctuated between a low of $63.55 and a high of $64.45 today. Over the past year, CBSH has reached a high of $72.75 and a low of $52.69. The company's market capitalization stands at approximately $8.57 billion, with a trading volume of 380,287 shares on the NASDAQ exchange.
