Bank of America has increased its price target for Commerce Bancshares (CBSH, Financial) from $69 to $71 while maintaining a Neutral rating on the stock. This adjustment follows the announcement that Commerce Bancshares will acquire FineMark in an all-stock transaction valued at around $585 million. The acquisition is seen as a part of Commerce Bancshares' ongoing strategy to expand its presence in wealth management. Despite being described as a bolt-on acquisition, the move supports the bank's growth objectives. Consequently, the firm has revised its earnings per share (EPS) forecast for 2026, raising it by 5.5% to $4.48 from the previous estimate of $4.25.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 6 analysts, the average target price for Commerce Bancshares Inc (CBSH, Financial) is $65.33 with a high estimate of $70.00 and a low estimate of $60.00. The average target implies an upside of 6.48% from the current price of $61.36. More detailed estimate data can be found on the Commerce Bancshares Inc (CBSH) Forecast page.
Based on the consensus recommendation from 7 brokerage firms, Commerce Bancshares Inc's (CBSH, Financial) average brokerage recommendation is currently 3.0, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Commerce Bancshares Inc (CBSH, Financial) in one year is $66.88, suggesting a upside of 9% from the current price of $61.36. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Commerce Bancshares Inc (CBSH) Summary page.
