Trade-Ideas LLC identified

Commerce

(

CBSH

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Commerce as such a stock due to the following factors:

  • CBSH has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $24.5 million.
  • CBSH has traded 21,659 shares today.
  • CBSH is trading at a new lifetime high.

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More details on CBSH:

Commerce Bancshares, Inc. operates as the bank holding company for Commerce Bank that provides retail, corporate, investment, trust, and asset management products and services to individuals and businesses. It operates through three segments: Consumer, Commercial, and Wealth. The stock currently has a dividend yield of 2%. CBSH has a PE ratio of 17. Currently there are no analysts that rate Commerce a buy, 1 analyst rates it a sell, and 7 rate it a hold.

The average volume for Commerce has been 544,300 shares per day over the past 30 days. has a market cap of $4.3 billion and is part of the financial sector and banking industry. The stock has a beta of 0.68 and a short float of 5.8% with 10.38 days to cover. Shares are up 4.4% year-to-date as of the close of trading on Wednesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Commerce as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, solid stock price performance and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

Highlights from the ratings report include:

  • The revenue growth came in higher than the industry average of 6.5%. Since the same quarter one year prior, revenues slightly increased by 8.1%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • COMMERCE BANCSHARES INC has improved earnings per share by 11.9% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, COMMERCE BANCSHARES INC increased its bottom line by earning $2.55 versus $2.49 in the prior year. This year, the market expects an improvement in earnings ($2.73 versus $2.55).
  • The net income growth from the same quarter one year ago has exceeded that of the S&P 500 and the Commercial Banks industry average. The net income increased by 7.1% when compared to the same quarter one year prior, going from $61.06 million to $65.37 million.
  • The stock has not only risen over the past year, it has done so at a faster pace than the S&P 500, reflecting the earnings growth and other positive factors similar to those we have cited here. Looking ahead, the stock's rise over the last year has already helped drive it to a level which is relatively expensive compared to the rest of its industry. We feel, however, that the other strengths this company displays justify these higher price levels.
  • The gross profit margin for COMMERCE BANCSHARES INC is currently very high, coming in at 93.80%. Regardless of CBSH's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, CBSH's net profit margin of 22.78% compares favorably to the industry average.

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