Commerce Bancshares (CBSH) Stock Forecast, Price Target & Predictions
CBSH Stock Forecast
Commerce Bancshares stock forecast is as follows: an average price target of $63.10 (represents a -11.87% downside from CBSH’s last price of $71.60) and a rating consensus of 'Hold', based on 8 wall street analysts offering a 1-year stock forecast.
CBSH Price Target
The average price target for Commerce Bancshares (CBSH) is $63.10 based on 1-year price targets from 8 Wall Street analysts in the past 3 months, with a price target range of $68.50 to $58.00. This represents a potential -11.87% downside from CBSH's last price of $71.60.
CBSH Analyst Ratings
According to 8 Wall Street analysts, Commerce Bancshares's rating consensus is 'Hold'. The analyst rating breakdown for CBSH stock is 0 'Strong Buy' (0.00%), 1 'Buy' (12.50%), 6 'Hold' (75.00%), 1 'Sell' (12.50%), and 0 'Strong Sell' (0.00%).
Commerce Bancshares Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 18, 2024 | Nathan Race | Piper Sandler | $68.50 | $61.11 | 12.09% | -4.33% |
| Aug 05, 2024 | Manan Gosalia | Morgan Stanley | $66.00 | $61.00 | 8.20% | -7.82% |
| Jul 03, 2024 | Ken Usdin | Jefferies | $62.00 | $55.87 | 10.97% | -13.41% |
| Apr 17, 2024 | Nathan Race | Piper Sandler | $54.00 | $52.01 | 3.83% | -24.58% |
| Apr 17, 2024 | David Long | Raymond James | $61.00 | $52.01 | 17.29% | -14.80% |
| Apr 17, 2024 | Brandon Berman | Neuberger Berman | $58.00 | $52.01 | 11.52% | -18.99% |
| Sep 27, 2023 | Manan Gosalia | Morgan Stanley | $44.44 | $42.61 | 4.30% | -37.93% |
| Dec 07, 2022 | - | Morgan Stanley | $70.48 | $67.30 | 4.73% | -1.56% |
The latest Commerce Bancshares stock forecast, released on Oct 18, 2024 by Nathan Race from Piper Sandler, set a price target of $68.50, which represents a 12.09% increase from the stock price at the time of the forecast ($61.11), and a -4.33% decrease from CBSH last price ($71.60).
Commerce Bancshares Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 6 |
| Avg Price Target | - | $68.50 | $61.58 |
| Last Closing Price | $71.60 | $71.60 | $71.60 |
| Upside/Downside | -100.00% | -4.33% | -13.99% |
In the current month, the average price target of Commerce Bancshares stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Commerce Bancshares's last price of $71.60. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 18, 2024 | Piper Sandler | Neutral | Neutral | Hold |
| Sep 30, 2024 | Morgan Stanley | Equal-Weight | Underweight | Downgrade |
| Jul 22, 2024 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Jul 22, 2024 | Wells Fargo | Equal-Weight | Equal-Weight | Hold |
| Jul 03, 2024 | Jefferies | Hold | Hold | Hold |
| May 10, 2024 | Keefe, Bruyette & Woods | Market Perform | Market Perform | Hold |
| Apr 17, 2024 | Piper Sandler | Neutral | Neutral | Hold |
| Apr 17, 2024 | Raymond James | - | Outperform | Upgrade |
| Apr 17, 2024 | Bank of America Securities | Neutral | Neutral | Hold |
| Sep 27, 2023 | Morgan Stanley | Equal-Weight | Underperform | Upgrade |
Commerce Bancshares's last stock rating was published by Piper Sandler on Oct 18, 2024. The company gave CBSH a "Neutral" rating, the same as its previous rate.
Commerce Bancshares Financial Forecast
Commerce Bancshares Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | $395.79M | $400.54M | $388.93M | $400.37M | $388.30M | $372.84M | $347.72M | $345.65M | $364.65M | $363.93M | $351.65M | $357.19M | $361.69M | $316.44M | $311.43M | $345.87M | $341.16M |
| Avg Forecast | $422.60M | $421.40M | $416.00M | $411.70M | $423.35M | $420.39M | $415.20M | $409.87M | $417.18M | $419.72M | $406.88M | $389.49M | $386.34M | $391.77M | $391.15M | $382.56M | $394.97M | $383.33M | $361.12M | $348.21M | $353.62M | $349.87M | $350.46M | $347.13M | $345.77M | $333.87M | $324.57M | $329.43M | $336.93M | $337.06M |
| High Forecast | $427.09M | $425.88M | $420.42M | $416.07M | $427.84M | $424.85M | $419.61M | $411.84M | $418.82M | $419.96M | $406.88M | $389.49M | $388.78M | $395.93M | $395.30M | $386.62M | $399.16M | $383.33M | $361.12M | $348.21M | $353.62M | $349.87M | $350.46M | $347.13M | $345.77M | $333.87M | $324.57M | $329.43M | $336.93M | $337.06M |
| Low Forecast | $418.47M | $417.28M | $411.93M | $407.67M | $419.20M | $416.27M | $411.13M | $406.74M | $413.99M | $419.49M | $406.88M | $389.49M | $382.77M | $387.93M | $387.32M | $378.81M | $391.10M | $383.33M | $361.12M | $348.21M | $353.62M | $349.87M | $350.46M | $347.13M | $345.77M | $333.87M | $324.57M | $329.43M | $336.93M | $337.06M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 4 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 9 | 9 | 9 | 9 | 5 | 5 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.01% | 1.02% | 1.02% | 1.01% | 1.01% | 1.03% | 1.00% | 0.98% | 1.04% | 1.04% | 1.01% | 1.03% | 1.08% | 0.97% | 0.95% | 1.03% | 1.01% |
Commerce Bancshares's average Quarter revenue forecast for Dec 23 based on 5 analysts is $386.34M, with a low forecast of $382.77M, and a high forecast of $388.78M. CBSH's average Quarter revenue forecast represents a -2.39% decrease compared to the company's last Quarter revenue of $395.79M (Sep 23).
Commerce Bancshares EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 4 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 9 | 9 | 9 | 9 | 5 | 5 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $154.03M | $163.78M | $209.50M | $209.37M | $184.76M | $165.41M | $164.86M | $162.80M | $171.20M | $221.83M | $178.38M | $179.24M | $185.12M | $70.53M | $93.03M | $169.52M | $177.01M |
| Avg Forecast | $188.64M | $188.11M | $185.70M | $183.78M | $188.98M | $187.66M | $185.34M | $182.96M | $186.22M | $187.36M | $181.63M | $179.08M | $172.46M | $174.88M | $174.60M | $162.80M | $179.08M | $135.35M | $127.50M | $148.00M | $124.85M | $123.53M | $123.74M | $148.33M | $122.08M | $117.88M | $114.60M | $111.64M | $118.96M | $119.01M |
| High Forecast | $190.65M | $190.11M | $187.67M | $185.73M | $190.98M | $189.65M | $187.31M | $183.84M | $186.96M | $187.46M | $181.63M | $214.90M | $173.55M | $176.74M | $176.46M | $195.36M | $214.90M | $135.35M | $127.50M | $177.60M | $124.85M | $123.53M | $123.74M | $178.00M | $122.08M | $117.88M | $114.60M | $133.96M | $118.96M | $119.01M |
| Low Forecast | $186.80M | $186.27M | $183.88M | $181.98M | $187.13M | $185.82M | $183.53M | $181.57M | $184.80M | $187.25M | $181.63M | $143.27M | $170.86M | $173.17M | $172.90M | $130.24M | $143.27M | $135.35M | $127.50M | $118.40M | $124.85M | $123.53M | $123.74M | $118.67M | $122.08M | $117.88M | $114.60M | $89.31M | $118.96M | $119.01M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.88% | 0.94% | 1.29% | 1.17% | 1.37% | 1.30% | 1.11% | 1.30% | 1.39% | 1.79% | 1.20% | 1.47% | 1.57% | 0.62% | 0.83% | 1.42% | 1.49% |
5 analysts predict CBSH's average Quarter EBITDA for Dec 23 to be $172.46M, with a high of $173.55M and a low of $170.86M. This is 11.96% upper than Commerce Bancshares's previous annual EBITDA (Sep 23) of $154.03M.
Commerce Bancshares Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 4 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 9 | 9 | 9 | 9 | 5 | 5 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | $120.60M | $127.79M | $119.45M | $131.63M | $122.82M | $115.79M | $118.15M | $115.36M | $122.56M | $162.33M | $130.97M | $129.89M | $132.45M | $39.86M | $51.86M | $106.88M | $109.24M |
| Avg Forecast | $128.00M | $126.72M | $122.88M | $115.20M | $127.57M | $125.25M | $123.06M | $116.48M | $125.07M | $128.18M | $120.48M | $128.34M | $105.12M | $113.58M | $114.59M | $116.68M | $126.40M | $120.65M | $109.99M | $106.07M | $111.15M | $109.57M | $112.90M | $108.91M | $103.02M | $74.54M | $58.30M | $62.23M | $92.54M | $92.71M |
| High Forecast | $129.76M | $128.46M | $124.57M | $116.79M | $129.33M | $126.98M | $124.76M | $121.54M | $130.12M | $128.73M | $120.49M | $154.01M | $111.53M | $115.15M | $116.17M | $140.01M | $151.68M | $120.65M | $109.99M | $127.28M | $111.15M | $109.57M | $112.90M | $130.70M | $103.02M | $74.54M | $58.30M | $74.67M | $92.54M | $92.71M |
| Low Forecast | $126.37M | $125.10M | $121.31M | $113.73M | $125.95M | $123.66M | $121.49M | $111.41M | $120.02M | $127.63M | $120.46M | $102.68M | $101.27M | $112.14M | $113.13M | $93.34M | $101.12M | $120.65M | $109.99M | $84.86M | $111.15M | $109.57M | $112.90M | $87.13M | $103.02M | $74.54M | $58.30M | $49.78M | $92.54M | $92.71M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.06% | 1.12% | 1.02% | 1.04% | 1.02% | 1.05% | 1.11% | 1.04% | 1.12% | 1.44% | 1.20% | 1.26% | 1.78% | 0.68% | 0.83% | 1.15% | 1.18% |
Commerce Bancshares's average Quarter net income forecast for Dec 23 is $105.12M, with a range of $101.27M to $111.53M. CBSH's average Quarter net income forecast represents a -12.84% decrease compared to the company's last Quarter net income of $120.60M (Sep 23).
Commerce Bancshares SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 4 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 9 | 9 | 9 | 9 | 5 | 5 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $152.97M | $151.80M | $149.84M | $176.31M | $176.25M | $180.07M | $174.03M | $168.24M | $168.57M | $165.42M | $163.78M | $163.53M | $159.99M | $158.82M | $163.13M | $161.29M | $160.07M |
| Avg Forecast | $207.56M | $206.97M | $204.32M | $202.21M | $207.93M | $206.47M | $203.92M | $201.31M | $204.90M | $206.15M | $199.84M | $189.04M | $189.75M | $192.42M | $192.11M | $171.85M | $185.07M | $169.50M | $159.67M | $156.23M | $156.36M | $154.70M | $154.96M | $136.20M | $152.89M | $147.63M | $143.52M | $195.75M | $148.98M | $149.04M |
| High Forecast | $209.77M | $209.17M | $206.49M | $204.35M | $210.14M | $208.67M | $206.09M | $202.27M | $205.70M | $206.26M | $199.84M | $226.84M | $190.95M | $194.46M | $194.15M | $206.22M | $222.08M | $169.50M | $159.67M | $187.47M | $156.36M | $154.70M | $154.96M | $163.43M | $152.89M | $147.63M | $143.52M | $234.91M | $148.98M | $149.04M |
| Low Forecast | $205.53M | $204.95M | $202.32M | $200.23M | $205.89M | $204.45M | $201.93M | $199.77M | $203.33M | $206.03M | $199.84M | $151.23M | $188.00M | $190.53M | $190.23M | $137.48M | $148.05M | $169.50M | $159.67M | $124.98M | $156.36M | $154.70M | $154.96M | $108.96M | $152.89M | $147.63M | $143.52M | $156.60M | $148.98M | $149.04M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.80% | 0.79% | 0.87% | 0.95% | 1.04% | 1.13% | 1.11% | 1.08% | 1.09% | 1.07% | 1.20% | 1.07% | 1.08% | 1.11% | 0.83% | 1.08% | 1.07% |
Commerce Bancshares's average Quarter SG&A projection for Dec 23 is $189.75M, based on 5 Wall Street analysts, with a range of $188.00M to $190.95M. The forecast indicates a 24.04% rise compared to CBSH last annual SG&A of $152.97M (Sep 23).
Commerce Bancshares EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 4 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 9 | 9 | 9 | 9 | 5 | 5 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.96 | $1.03 | $0.95 | $1.05 | $0.98 | $0.91 | $0.92 | $0.90 | $0.95 | $1.25 | $1.02 | $1.01 | $1.03 | $0.31 | $0.40 | $0.82 | $0.82 |
| Avg Forecast | $1.00 | $0.99 | $0.96 | $0.90 | $1.00 | $0.98 | $0.96 | $0.91 | $0.98 | $1.00 | $0.94 | $0.80 | $0.82 | $0.89 | $0.90 | $0.88 | $0.98 | $0.94 | $0.86 | $0.80 | $0.86 | $0.85 | $0.88 | $0.82 | $0.80 | $0.58 | $0.45 | $0.45 | $0.72 | $0.72 |
| High Forecast | $1.01 | $1.00 | $0.97 | $0.91 | $1.01 | $0.99 | $0.97 | $0.95 | $1.02 | $1.01 | $0.94 | $0.80 | $0.87 | $0.90 | $0.91 | $0.89 | $0.99 | $0.94 | $0.86 | $0.80 | $0.86 | $0.85 | $0.88 | $0.82 | $0.80 | $0.58 | $0.45 | $0.45 | $0.72 | $0.72 |
| Low Forecast | $0.99 | $0.98 | $0.95 | $0.89 | $0.98 | $0.97 | $0.95 | $0.87 | $0.94 | $1.00 | $0.94 | $0.80 | $0.79 | $0.88 | $0.88 | $0.87 | $0.96 | $0.94 | $0.86 | $0.80 | $0.86 | $0.85 | $0.88 | $0.82 | $0.80 | $0.58 | $0.45 | $0.45 | $0.72 | $0.72 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.08% | 1.15% | 1.08% | 1.08% | 1.04% | 1.06% | 1.16% | 1.04% | 1.12% | 1.43% | 1.23% | 1.26% | 1.77% | 0.68% | 0.88% | 1.15% | 1.14% |
According to 5 Wall Street analysts, Commerce Bancshares's projected average Quarter EPS for Dec 23 is $0.82, with a low estimate of $0.79 and a high estimate of $0.87. This represents a -14.45% decrease compared to CBSH previous annual EPS of $0.96 (Sep 23).
Commerce Bancshares Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| MRBK | Meridian | $14.22 | $16.00 | 12.52% | Hold |
| CFFN | Capitol Federal Financial | $6.73 | $7.00 | 4.01% | Hold |
| BFST | Business First Bancshares | $27.81 | $28.00 | 0.68% | Buy |
| UBSI | United Bankshares | $41.87 | $41.00 | -2.08% | Hold |
| BOKF | BOK Financial | $115.22 | $112.75 | -2.14% | Hold |
| FFIN | First Financial Bankshares | $40.95 | $39.50 | -3.54% | Hold |
| FBNC | First Bancorp | $45.32 | $43.00 | -5.12% | Buy |
| PB | Prosperity Bancshares | $81.83 | $77.43 | -5.38% | Buy |
| UMBF | UMB Financial | $121.20 | $113.25 | -6.56% | Hold |
| NBTB | NBT Bancorp | $48.82 | $45.50 | -6.80% | Hold |
| FMBH | First Mid Bancshares | $41.29 | $38.00 | -7.97% | Buy |
| TCBI | Texas Capital Bancshares | $85.90 | $76.20 | -11.29% | Buy |
| CBSH | Commerce Bancshares | $71.60 | $63.10 | -11.87% | Hold |
| FFBC | First Financial Ban | $28.79 | $25.00 | -13.16% | Hold |
| GBCI | Glacier Bancorp | $55.84 | $45.60 | -18.34% | Hold |
| BANF | BancFirst | $121.47 | $95.00 | -21.79% | Sell |
| BHLB | Berkshire Hills Bancorp | $30.11 | $23.50 | -21.95% | Hold |
| FISI | Financial Institutions | $26.40 | $19.50 | -26.14% | Hold |