Commerce Bancshares Inc. (NASDAQ:CBSH) stock’s Relative Strength Index (RSI) is 35.37, with weekly volatility at 2.05% and ATR at 1.61. The CBSH stock’s 52-week price range has touched low of $50.50 and a $83.06 high. Its shares traded lower over the last trading session, losing -1.75% on 06/10/21. The shares fell to a low of $74.78 before closing at $74.87. Intraday shares traded counted 0.49 million, which was -22.27% lower than its 30-day average trading volume of 399.56K. CBSH’s previous close was $76.20 while the outstanding shares total 116.26M.
Investors have identified the Banks – Regional company Commerce Bancshares Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $8.79 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Commerce Bancshares Inc. (CBSH) Fundamentals that are to be considered.
CBSH were able to record 190.94 million as free cash flow during the 07/15/2021 quarter of the year, this saw their quarterly net cash flow reduce by 172.5 million. In cash movements, the company had a total of 201.67 million as operating cash flow.
Potential earnings growth for Commerce Bancshares Inc. (CBSH)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 07/15/2021 quarter of the year, Commerce Bancshares Inc. recorded a total of 209.7 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -5.62% coming in sequential stages and their sales for the 07/15/2021 quarter reducing by -2.4%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 3.95 million trying to sell their products during the last quarter, with the result yielding a gross income of 205.75 million. This allows shareholders to hold on to 116.26M with the recently reported earning now reading 1.12 cents per share. This is a figure that compared to analyst’s prediction for their 07/15/2021 (1.11 cents a share).
Having a look at the company’s valuation, the company is expected to record 3.57 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on CBSH sounds very interesting.
Is the stock of CBSH attractive?
In related news, Director, KEMPER JONATHAN M sold 5,300 shares of the company’s stock in a transaction that recorded on May 03. The sale was performed at an average price of 77.58, for a total value of 411,153. As the sale deal closes, the President and CEO, Kemper John W now sold 4,290 shares of the company’s stock, valued at 343,771. Also, Exec. Vice President and CFO, KIM CHARLES G sold 9,023 shares of the company’s stock in a deal that was recorded on Mar 12. The shares were price at an average price of 80.14 per share, with a total market value of 723,077. Following this completion of acquisition, the Controller, STEINER PAUL A now holds 932 shares of the company’s stock, valued at 75,352. In the last 6 months, insiders have changed their ownership in shares of company stock by 2.40%.
0 out of 9 analysts covering the stock have rated it a Buy, while 6 have maintained a Hold recommendation on Commerce Bancshares Inc.. 2 analysts has assigned a Sell rating on the CBSH stock. The 12-month mean consensus price target for the company’s shares has been set at $73.50.