Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Commerce Bancshares, Inc. before investing.

In this article, we go over a few key elements for understanding Commerce Bancshares, Inc.’s stock price such as:

• Commerce Bancshares, Inc.’s current stock price and volume
• Why Commerce Bancshares, Inc.’s stock price changed recently
• Upgrades and downgrades for CBSH from analysts
• CBSH’s stock price momentum as measured by its relative strength

About Commerce Bancshares, Inc. (CBSH)

Before we jump into Commerce Bancshares, Inc.’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Commerce Bancshares, Inc. is a bank holding company. The Company operates as a super-community bank and offers a range of financial products to consumer and commercial customers. It has approximately 275 locations in Missouri, Kansas, Illinois, Oklahoma and Colorado and commercial offices. The Company?s segments include Commercial, Consumer, and Wealth. The Commercial segment provides a full array of corporate lending, merchant and commercial bank card products, payment solutions, leasing, and international services, as well as business and government deposit, investment, and cash management services. The Consumer segment includes the retail branch network, consumer instalment lending, personal mortgage banking, and consumer debit and credit bank card activities. The Wealth segment provides traditional trust and estate planning services, brokerage services, and advisory and discretionary investment portfolio management services to both personal and institutional corporate customers.

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Commerce Bancshares, Inc.’s Stock Price as of Market Close

As of October 19, 2023, 4:00 PM, CST, Commerce Bancshares, Inc.’s stock price was $46.43.

Commerce Bancshares, Inc. is down 5.07% from its previous closing price of $48.91.

During the last market session, Commerce Bancshares, Inc.’s stock traded between $47.12 and $49.40. Currently, there are 123.89 million shares of Commerce Bancshares, Inc. stock available for purchase.

Commerce Bancshares, Inc.’s price-earnings (P/E) ratio is currently at 12.4, which is high compared to the Banks industry median of 7.7. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Commerce Bancshares, Inc. Stock Price History

Commerce Bancshares, Inc.’s (CBSH) price is currently down 3.23% so far this month.

During the month of October, Commerce Bancshares, Inc.’s stock price has reached a high of $49.78 and a low of $45.75.

Over the last year, Commerce Bancshares, Inc. has hit prices as high as $72.60 and as low as $45.55. Year to date, Commerce Bancshares, Inc.’s stock is down 29.08%.

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What Caused Commerce Bancshares, Inc. Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of October 18, 2023, there was 1 analyst who downgraded Commerce Bancshares, Inc.’s stock and 3 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Commerce Bancshares, Inc.’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Commerce Bancshares, Inc.’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Commerce Bancshares, Inc.’s current valuation based on AAII’s Value Grade is a C, which means it is considered to be Average.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Commerce Bancshares, Inc. (CBSH) by visiting AAII Stock Evaluator.

Relative Price Strength of Commerce Bancshares, Inc.

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of October 18, 2023, Commerce Bancshares, Inc. has a weighted four-quarter relative price strength of -9.51%, which translates to a Momentum Score of 37 and is considered to be Weak.

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Commerce Bancshares, Inc. Stock Price: Bottom Line

As of October 19, 2023, Commerce Bancshares, Inc.’s stock price is $46.43, which is down 5.07% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Commerce Bancshares, Inc. stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.