Commerce Bancshares' Current Price Not Attractive

|
About: Commerce Bancshares, Inc. (CBSH)
by: Sheen Bay Research
This article is exclusive for subscribers.
Sheen Bay Research
Research analyst, macro, ETF investing, banks
Summary

Earnings are expected to slightly dip this year due to subdued net interest margin compression and low growth in operating expense.

Quarterly dividends are expected to be maintained at $0.26 per share, implying dividend yield of 1.54%.

The estimated one-year ahead target price is below the current market price, hence the stock does not appear attractive.

Commerce Bancshares's (CBSH) earnings are expected to decline this year on the back of a slight compression in net interest margin and a normal increase in operating expenses. The management's focus on the