CBSH

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Overview
Forecast
Valuation

Line

Candle

YTD

High

60.350

Open

59.760

VWAP

59.97

Vol

63.22K

Mkt Cap

8.17B

Low

59.760

Amount

3.79M

EV/EBITDA(TTM)

Total Shares

129.54M

10.07B

EV/OCF(TTM)

P/S(TTM)

5.53

Commerce Bancshares, Inc. is a bank holding company of Commerce Bank (the Bank). The Bank is engaged in the general banking business, providing a range of retail, mortgage banking, corporate, investment, trust, and asset management products and services. It operates over 257 locations in Missouri, Kansas, Illinois, Oklahoma and Colorado. The Company's segments include Commercial, Consumer and Wealth. The Commercial segment offers corporate lending, merchant and commercial bank card products, payment solutions, leasing, and international services, as well as business and government deposit, investment, institutional brokerage and others. The Consumer segment includes the retail branch network, consumer installment lending, personal mortgage banking, and consumer debit and credit bank card activities. The Wealth segment provides traditional trust and estate planning services, consumer brokerage services, and advisory and discretionary investment portfolio management services.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q2

FY2025Q3

FY2025Q4

433.86M

+3.29%

1.010

-0.89%

435.36M

+1.83%

1.013

-0.56%

435.79M

+2.45%

1.028

+1.81%

Estimates Revision

The market is revising Upward the revenue expectations for Commerce Bancshares, Inc. (CBSH) for FY2025, with the revenue forecasts being adjusted by 1.6% over the past three months. During the same period, the stock price has changed by -9.66%.

Revenue Estimates for FY2025

Revise Upward

+1.6%

In Past 3 Month

EPS Estimates for FY2025

Revise Upward

+3.05%

In Past 3 Month

Stock Price

Go Down

-9.66%

In Past 3 Month

6 Analyst Rating

6.71% Upside

Wall Street analysts forecast CBSH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CBSH is 64.40 USD with a low forecast of 58.00 USD and a high forecast of 70.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

0 Buy

6 Hold

0 Sell

Hold

6.71% Upside

Current: 60.350

Low

58.00

Averages

64.40

High

70.00

6.71% Upside

Current: 60.350

Low

58.00

Averages

64.40

High

70.00

Keefe, Bruyette & Woods

Christopher Mcgratty

Hold

Maintains

$74 → $70

2025-04-17

Reason

Keefe, Bruyette & Woods

Christopher Mcgratty

Price Target

$74 → $70

2025-04-17

Maintains

Hold

Reason

Keefe Bruyette lowered the firm's price target on Commerce Bancshares to $70 from $74 and keeps a Market Perform rating on the shares post the Q1 report. The company reported an "across-the-board beat," the analyst tells investors in a research note.

Piper Sandler

Nathan Race

Hold

Maintains

$65 → $66

2025-04-17

Reason

Piper Sandler

Nathan Race

Price Target

$65 → $66

2025-04-17

Maintains

Hold

Reason

Piper Sandler analyst Nathan Race lowered the firm's price target on Commerce Bancshares to $66 from $66.50 and keeps a Neutral rating on the shares. The firm notes Commerce Bancshares posted strong Q1 results with outperformance across each PPNR component, and no major surprises arose from its management discussion. Piper views Commerce Bancshares as an attractive holding amid the current "risk-off" environment based on its pristine credit profile, enviable revenue diversity, above average profitability profile and superior capital levels.

Wells Fargo

Timur Braziler

Hold

Maintains

$70 → $60

2025-04-09

Reason

Wells Fargo

Timur Braziler

Price Target

$70 → $60

2025-04-09

Maintains

Hold

Reason

Wells Fargo lowered the firm's price target on Commerce Bancshares to $60 from $70 and keeps an Equal Weight rating on the shares. While long-term uncertainty has certainly increased, the recent pullback in the space presents a near-term opportunity as EPS results remain steady, credit is still okay, and expectations are once again really low.

Morgan Stanley

Manan Gosalia

Sell

Hold

Upgrades

$66 → $58

2025-04-07

Reason

Morgan Stanley

Manan Gosalia

Price Target

$66 → $58

2025-04-07

Upgrades

Sell

Hold

Reason

Morgan Stanley upgraded Commerce Bancshares to Equal Weight from Underweight with a price target of $58, down from $66. The firm moved its midcap bank industry view from Attractive to In-line, saying "higher and faster than expected" tariffs raise recession risks, will weigh on loan growth and in-turn, forward earnings and multiples. The group is "cheap," but weaker for longer loan growth and inverted yield curve limit upside catalysts, the analyst tells investors in a research note. However, Morgan Stanley views Commerce Bancshares as a "more defensive play for a more challenging environment."

Morgan Stanley

Manan Gosalia

Sell

Maintains

$72 → $66

2025-03-13

Reason

Morgan Stanley

Manan Gosalia

Price Target

$72 → $66

2025-03-13

Maintains

Sell

Reason

Morgan Stanley lowered the firm's price target on Commerce Bancshares to $66 from $72 and keeps an Underweight rating on the shares. The firm is reducing its estimates on Midcap Banks in North America under its coverage given higher uncertainty and slower economic growth outlook, the analyst tells investors. Trade and tariff policy changes are occurring sooner and more forcefully than previously anticipated, Morgan Stanley states. Additionally, the firm notes a slower pace of economic growth and higher level of policy uncertainty is a headwind for the sector, leading to many price target cuts in the group.

Wells Fargo

Timur Braziler

Hold

Maintains

$67 → $70

2025-01-29

Reason

Wells Fargo

Timur Braziler

Price Target

$67 → $70

2025-01-29

Maintains

Hold

Reason

See All Ratings

Valuation Metrics

The current forward P/E ratio for Commerce Bancshares Inc (CBSH.O) is 14.92, compared to its 5-year average forward P/E of 17.03. For a more detailed relative valuation and DCF analysis to assess Commerce Bancshares Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Fair

5Y Average PE

17.03

Current PE

14.92

Overvalued PE

19.43

Undervalued PE

14.62

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

N/A

5Y Average EV/EBITDA

0.00

Current EV/EBITDA

0.00

Overvalued EV/EBITDA

0.00

Undervalued EV/EBITDA

0.00

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair

5Y Average PS

5.11

Current PS

4.67

Overvalued PS

5.87

Undervalued PS

4.35