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Commerce Bancshares Inc. stock has reached a 52-week low, hitting a price of 51.6 USD. This marks a significant downturn for the company, reflecting a challenging period over the past year. The stock has experienced a substantial decline, with a 1-year change of -24.7%. This decrease highlights the difficulties faced by the company in navigating the current economic landscape, as investors reassess their positions amid broader market uncertainties.
In other recent news, Commerce Bancshares has announced its Board of Directors approved the repurchase of up to 5 million shares of its common stock. This decision includes the remaining shares from a prior authorization in April 2024. Additionally, the company declared a quarterly cash dividend of $0.275 per share, payable on December 15, 2025, alongside a 5% stock dividend to be distributed on December 16, 2025. Analysts have made several adjustments to their price targets for Commerce Bancshares following its third-quarter results. TD Cowen lowered its price target to $61, maintaining a Hold rating, due to core earnings per share falling below expectations. Wells Fargo reduced its price target to $60, citing missed revenue and credit expectations, while maintaining an Equal Weight rating. Piper Sandler also decreased its price target to $63, maintaining a Neutral rating, after the company's net interest income miss led to revised EPS estimates for 2025 and 2026. These developments reflect the bank's recent financial performance and strategic decisions.
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