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Commerce Bancshares, Inc. (CBSH) Reaches $65.35 52-Week High; 4 Analysts Covering Bloomin' Brands, Inc. (BLMN)

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The stock of Commerce Bancshares, Inc. (NASDAQ:CBSH) hit a new 52-week high and has $71.23 target or 9.00% above today’s $65.35 share price. The 9 months bullish chart indicates low risk for the $6.97B company. The 1-year high was reported on May, 21 by Barchart.com. If the $71.23 price target is reached, the company will be worth $626.94M more. The stock increased 1.18% or $0.76 during the last trading session, reaching $65.35. About 314,060 shares traded. Commerce Bancshares, Inc. (NASDAQ:CBSH) has risen 12.72% since May 21, 2017 and is uptrending. It has outperformed by 1.17% the S&P500.

Among 16 analysts covering Bloomin’ Brands (NASDAQ:BLMN), 4 have Buy rating, 2 Sell and 10 Hold. Therefore 25% are positive. Bloomin’ Brands had 39 analyst reports since September 11, 2015 according to SRatingsIntel. As per Monday, November 6, the company rating was maintained by BMO Capital Markets. Credit Suisse upgraded the shares of BLMN in report on Monday, April 11 to “Outperform” rating. The stock of Bloomin' Brands, Inc. (NASDAQ:BLMN) earned “Overweight” rating by Barclays Capital on Friday, February 23. The firm earned “Hold” rating on Wednesday, November 22 by Bank of America. Barclays Capital maintained Bloomin' Brands, Inc. (NASDAQ:BLMN) rating on Wednesday, January 24. Barclays Capital has “Overweight” rating and $26 target. Credit Suisse maintained Bloomin' Brands, Inc. (NASDAQ:BLMN) on Monday, November 6 with “Neutral” rating. The firm has “Outperform” rating by Raymond James given on Thursday, July 27. The stock has “Buy” rating by Deutsche Bank on Friday, March 2. The firm has “Hold” rating given on Wednesday, November 4 by Deutsche Bank. Goldman Sachs downgraded Bloomin' Brands, Inc. (NASDAQ:BLMN) rating on Friday, January 19. Goldman Sachs has “Sell” rating and $17.0 target. See Bloomin' Brands, Inc. (NASDAQ:BLMN) latest ratings:

01/05/2018 Broker: JP Morgan Old Rating: Neutral New Rating: Neutral Old Target: $21 New Target: $26 Maintain
27/04/2018 Broker: Barclays Capital Old Rating: Overweight New Rating: Overweight Old Target: $27 New Target: $28 Maintain
02/03/2018 Broker: Deutsche Bank Old Rating: Hold New Rating: Buy Upgrade
23/02/2018 Broker: Jefferies Rating: Hold New Target: $24.0 Maintain
23/02/2018 Broker: Barclays Capital Old Rating: Overweight New Rating: Overweight Old Target: $26 New Target: $27 Maintain
23/02/2018 Broker: BMO Capital Markets Old Rating: Outperform New Rating: Outperform Old Target: $24 New Target: $27 Maintain
24/01/2018 Broker: Barclays Capital Old Rating: Overweight New Rating: Overweight Old Target: $25 New Target: $26 Maintain
19/01/2018 Broker: Goldman Sachs Rating: Sell New Target: $17.0 Downgrade
16/01/2018 Broker: Barclays Capital Rating: Buy New Target: $25.0 Maintain
22/12/2017 Broker: Jefferies Rating: Hold New Target: $23.0 Maintain

More recent Commerce Bancshares, Inc. (NASDAQ:CBSH) news were published by: Globenewswire.com which released: “Report: Exploring Fundamental Drivers Behind Micronet Enertec Technologies, Everbridge, Visteon, Commerce …” on May 17, 2018. Also Investorplace.com published the news titled: “5 Top-Ranked Stocks From Sectors Unfazed by Rising Yields” on April 24, 2018. Benzinga.com‘s news article titled: “Banking Stock Performance Review — Commerce Bancshares, Fifth Third, First Financial, and First Midwest” with publication date: May 07, 2018 was also an interesting one.

Among 11 analysts covering Commerce Bancshares (NASDAQ:CBSH), 0 have Buy rating, 2 Sell and 9 Hold. Therefore 0 are positive. Commerce Bancshares has $6700 highest and $40 lowest target. $62.50’s average target is -4.36% below currents $65.35 stock price. Commerce Bancshares had 41 analyst reports since October 15, 2015 according to SRatingsIntel. Keefe Bruyette & Woods maintained the stock with “Sell” rating in Friday, September 15 report. The stock of Commerce Bancshares, Inc. (NASDAQ:CBSH) earned “Underweight” rating by Morgan Stanley on Tuesday, April 17. The company was upgraded on Tuesday, April 10 by Raymond James. The company was downgraded on Thursday, August 10 by Raymond James. Piper Jaffray maintained Commerce Bancshares, Inc. (NASDAQ:CBSH) rating on Thursday, October 12. Piper Jaffray has “Hold” rating and $57.0 target. On Monday, July 11 the stock rating was initiated by Piper Jaffray with “Neutral”. The firm has “Hold” rating by Piper Jaffray given on Friday, October 6. The rating was maintained by Jefferies on Friday, September 15 with “Hold”. On Thursday, January 18 the stock rating was maintained by Piper Jaffray with “Hold”. The stock of Commerce Bancshares, Inc. (NASDAQ:CBSH) earned “Market Perform” rating by Wells Fargo on Friday, January 6.

Commerce Bancshares, Inc. operates as the holding firm for Commerce Bank that provides retail, mortgage banking, corporate, investment, trust, and asset management services and products to individuals and businesses. The company has market cap of $6.97 billion. It operates through three divisions: Consumer, Commercial, and Wealth. It has a 20.62 P/E ratio. The Consumer segment offers various banking services and products, including consumer deposits; consumer loans, such as automobile, motorcycle, marine, tractor/trailer, recreational vehicle, fixed rate and revolving home equity, and other consumer loans; real estate loans; indirect and other consumer financing; personal mortgage banking; and consumer debit and credit bank cards, as well as provides online, mobile, and telephone banking services.

Analysts await Commerce Bancshares, Inc. (NASDAQ:CBSH) to report earnings on July, 12. They expect $0.88 EPS, up 23.94% or $0.17 from last year’s $0.71 per share. CBSH’s profit will be $93.80 million for 18.57 P/E if the $0.88 EPS becomes a reality. After $0.92 actual EPS reported by Commerce Bancshares, Inc. for the previous quarter, Wall Street now forecasts -4.35% negative EPS growth.

Since December 11, 2017, it had 0 insider buys, and 27 insider sales for $22.87 million activity. 3,361 shares valued at $197,261 were sold by FOSTER SARA E on Monday, January 29. 78,359 shares were sold by KEMPER JONATHAN M, worth $4.50M on Wednesday, February 7. Shares for $4.50 million were sold by KEMPER DAVID W. $36,374 worth of Commerce Bancshares, Inc. (NASDAQ:CBSH) was sold by PETRIE MICHAEL J. Kellerhals Patricia R had sold 328 shares worth $19,937. On Wednesday, March 7 Roller David L. sold $9,863 worth of Commerce Bancshares, Inc. (NASDAQ:CBSH) or 164 shares. Shares for $405,282 were sold by KIM CHARLES G on Monday, January 29.

Investors sentiment increased to 2.71 in 2017 Q4. Its up 1.28, from 1.43 in 2017Q3. It increased, as 25 investors sold Commerce Bancshares, Inc. shares while 47 reduced holdings. 32 funds opened positions while 163 raised stakes. 65.55 million shares or 5.20% more from 62.31 million shares in 2017Q3 were reported. Vanguard Group Inc Inc holds 9.18 million shares or 0.02% of its portfolio. The Illinois-based Busey has invested 0.04% in Commerce Bancshares, Inc. (NASDAQ:CBSH). California State Teachers Retirement holds 0.02% or 157,681 shares in its portfolio. Panagora Asset Mngmt has 0% invested in Commerce Bancshares, Inc. (NASDAQ:CBSH). Gemmer Asset Mgmt Ltd Liability Co reported 241 shares. 564,339 were accumulated by Schwab Charles Invest. Wesbanco Bancorp Incorporated owns 0.03% invested in Commerce Bancshares, Inc. (NASDAQ:CBSH) for 8,201 shares. First Advsrs L P holds 0.03% or 189,252 shares in its portfolio. Northern Tru has invested 0.01% in Commerce Bancshares, Inc. (NASDAQ:CBSH). Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% or 5,093 shares. Ameriprise Fincl Inc has 0.01% invested in Commerce Bancshares, Inc. (NASDAQ:CBSH). Bbva Compass Commercial Bank reported 0.03% in Commerce Bancshares, Inc. (NASDAQ:CBSH). Paloma Partners Management Company invested in 4,060 shares or 0% of the stock. Raymond James & reported 0.02% stake. Mason Street Advsr Limited Liability Company stated it has 46,266 shares or 0.06% of all its holdings.

Investors sentiment increased to 0.9 in 2017 Q4. Its up 0.08, from 0.82 in 2017Q3. It improved, as 25 investors sold Bloomin' Brands, Inc. shares while 74 reduced holdings. 44 funds opened positions while 45 raised stakes. 87.88 million shares or 2.54% more from 85.71 million shares in 2017Q3 were reported. New York State Teachers Retirement System has invested 0% in Bloomin' Brands, Inc. (NASDAQ:BLMN). James Inv has invested 0.01% of its portfolio in Bloomin' Brands, Inc. (NASDAQ:BLMN). Voloridge Invest Mngmt Ltd Co owns 37,589 shares for 0.02% of their portfolio. Menta Cap Limited Liability stated it has 0.15% in Bloomin' Brands, Inc. (NASDAQ:BLMN). Granite Point Capital Ltd Partnership reported 39,000 shares. Fort Washington Investment Advsrs Oh holds 0.17% or 804,216 shares in its portfolio. Deutsche Bancshares Ag has invested 0% in Bloomin' Brands, Inc. (NASDAQ:BLMN). Moody Comml Bank Tru Division holds 0.02% in Bloomin' Brands, Inc. (NASDAQ:BLMN) or 17,150 shares. Walleye Trading Llc has invested 0% in Bloomin' Brands, Inc. (NASDAQ:BLMN). Macquarie Group Limited holds 0% or 84,700 shares. Schwab Charles Investment Mgmt holds 0.01% of its portfolio in Bloomin' Brands, Inc. (NASDAQ:BLMN) for 857,367 shares. Meeder Asset Management accumulated 1,935 shares or 0% of the stock. Captrust Financial Advsr reported 0% stake. Prudential Financial Inc holds 0.02% of its portfolio in Bloomin' Brands, Inc. (NASDAQ:BLMN) for 574,472 shares. Brookmont Capital holds 0.11% or 11,520 shares.

BloominÂ’ Brands, Inc., through its subsidiaries, owns and operates casual, upscale casual, and fine dining restaurants primarily in the United States and internationally. The company has market cap of $2.00 billion. The firm operates through two divisions, U.S. and International. It has a 21.35 P/E ratio. The Company’s restaurant portfolio has four concepts: Outback Steakhouse, a casual steakhouse restaurant; CarrabbaÂ’s Italian Grill, a casual Italian restaurant; Bonefish Grill, an upscale casual seafood restaurant; and FlemingÂ’s Prime Steakhouse & Wine Bar, a contemporary steakhouse.

Bloomin' Brands, Inc. (NASDAQ:BLMN) Institutional Positions Chart

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