Commerce Bancshares, Inc. operates as the bank holding company for Commerce Bank that provides retail, mortgage banking, corporate, investment, trust, and asset management products and services to individuals and businesses in the United States. It operates through three segments: Consumer, Commercial, and Wealth. The Consumer segment offers various banking products and services, including consumer deposits; consumer loans, such as automobile, motorcycle, marine, tractor/trailer, recreational vehicle, fixed rate and revolving home equity, and other consumer loans; patient health care financing; real estate loans; indirect and other consumer financing; personal mortgage banking; consumer installment lending; and consumer debit and credit bank cards. The Commercial segment provides corporate lending, leasing, international, merchant and commercial bank card, and securities safekeeping and bond accounting services; and business products, government deposits, and related commercial cash management services, as well as sells fixed income securities to correspondent banks, corporations, public institutions, municipalities, and individuals. The Wealth segment provides traditional trust and estate planning, advisory and discretionary investment management, and brokerage services, as well as private banking accounts. The company also offers private equity investment, securities brokerage, insurance agency, specialty lending, and leasing services, as well as online and mobile banking services. It operates through a network of 306 locations in Missouri, Kansas, Illinois, Oklahoma, and Colorado, as well as commercial offices. The company was founded in 1865 and is headquartered in Kansas City, Missouri.
IPO Year:
Exchange: NASDAQ
Website: commercebank.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/7/2025 | $58.00 | Underweight → Equal-Weight | Morgan Stanley |
| 12/19/2024 | Outperform → Mkt Perform | Raymond James | |
| 9/30/2024 | $66.00 → $64.00 | Overweight → Equal-Weight | Morgan Stanley |
| 4/17/2024 | $61.00 | Mkt Perform → Outperform | Raymond James |
| 1/11/2024 | $55.00 | Neutral | BofA Securities |
| 9/27/2023 | $48.00 → $49.00 | Underweight → Equal-Weight | Morgan Stanley |
| 5/16/2023 | $50.00 → $48.00 | Equal-Weight → Underweight | Morgan Stanley |
| 12/5/2022 | $74.00 | Equal-Weight | Morgan Stanley |
| 3/21/2022 | $60.00 → $70.00 | Underweight → Equal Weight | Wells Fargo |
| 12/6/2021 | $63.00 → $70.00 | Underweight | Morgan Stanley |
Morgan Stanley upgraded Commerce Bancshares from Underweight to Equal-Weight and set a new price target of $58.00
Raymond James downgraded Commerce Bancshares from Outperform to Mkt Perform
Morgan Stanley downgraded Commerce Bancshares from Overweight to Equal-Weight and set a new price target of $64.00 from $66.00 previously
Raymond James upgraded Commerce Bancshares from Mkt Perform to Outperform and set a new price target of $61.00
BofA Securities initiated coverage of Commerce Bancshares with a rating of Neutral and set a new price target of $55.00
Morgan Stanley upgraded Commerce Bancshares from Underweight to Equal-Weight and set a new price target of $49.00 from $48.00 previously
Morgan Stanley downgraded Commerce Bancshares from Equal-Weight to Underweight and set a new price target of $48.00 from $50.00 previously
Morgan Stanley initiated coverage of Commerce Bancshares with a rating of Equal-Weight and set a new price target of $74.00
Wells Fargo upgraded Commerce Bancshares from Underweight to Equal Weight and set a new price target of $70.00 from $60.00 previously
Morgan Stanley reiterated coverage of Commerce Bancshares with a rating of Underweight and set a new price target of $70.00 from $63.00 previously