In a report released today, from Hovde Group initiated coverage with a Buy rating on Commerce Bancshares and a price target of $70.00. The company’s shares closed last Friday at $59.17.
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Currently, the analyst consensus on Commerce Bancshares is a Hold with an average price target of $68.50.
Based on Commerce Bancshares’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $537.25 million and a net profit of $153.76 million. In comparison, last year the company earned a revenue of $524.84 million and had a net profit of $139.55 million
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Disclaimer & DisclosureReport an Issue
- Commerce Bancshares initiated with an Outperform at Hovde Group
- Commerce Bancshares price target raised to $70 from $66 at Morgan Stanley
- Commerce Bancshares price target lowered to $65 from $69 at Wells Fargo
- Commerce Bancshares initiated with a Hold at TD Cowen
- Commerce Bancshares receives regulatory approval for FineMark deal
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