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Is this Large Market Cap Stock target price reasonable for Commerce Bancshares, Inc. (NASDAQ:CBSH)?

The company in question is, Commerce Bancshares, Inc. (NASDAQ:CBSH) currently with a stock price of 48.57 (-1.88% today). The market cap for Commerce Bancshares, Inc. is 4768.34, and is in the sector Financial, and Regional – Midwest Banks industry. The target price for Commerce Bancshares, Inc. is 46.5. Currently Commerce Bancshares, Inc. is trading with a P/E of 18.97, and a forward P/E of 17.03. Average volume for Commerce Bancshares, Inc. is 350.13 and so far today it is 375407.

Performance in the last year for Commerce Bancshares, Inc. has been 20.54%. For EPS growth, Commerce Bancshares, Inc. has seen a growth of 1.40%, and is looking to grow in the next year to 4.91%. More long term stats show that EPS growth has been -34.20% over the last five years and could be 8.00% for the next five years. Commerce Bancshares, Inc. has seen sales growth quarter over quarter at 5.60%, with EPS growth quarter over quarter at -2.50%. The 20-day simple moving average is -1.28%, with the 200-day simple moving average coming to 6.09%.

Since the IPO date for Commerce Bancshares, Inc. on the 09/07/1984, Commerce Bancshares, Inc. has seen performance year to date to be 18.02%. With Commerce Bancshares, Inc. trading at 48.57, the dividend yield is 1.82%, and the EPS is 2.61.

So could Commerce Bancshares, Inc., be undervalued? Well as said before P/E is 18.97. The PEG is 2.37, P/S is 6.9 and the P/B is at 1.99. The P/cash is 3.15, with P/free cash flow at 17.6.

Commerce Bancshares, Inc. ability to deal with debt shows that the current ratio is *TBA, and the quick ratio is *TBA. This is with long term debt/equity at 0, and total debt/equity at 0.

In terms of margins, Commerce Bancshares, Inc. has a gross margin of *TBA, an operating margin of 90.30% and a profit margin of 36.30%.Payout ratio for Commerce Bancshares, Inc. is 32.30%. Return on assets come to 1.00% with return on investment coming to 22.10%.

Insider ownership for Commerce Bancshares, Inc., is at 3.20% and institutional ownership comes to 62.60%. Outstanding shares are at 96.33. While shares float is 92.46. The float short is currently 5.05%, and short ratio is 13.35.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Peter Clarke

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