Information Provided By:
Fly News Breaks for April 12, 2019
CBSH
Apr 12, 2019 | 08:54 EDT
DA Davidson analyst Jeff Rulis lowered his price target on Commerce Bancshares to $60 and kept his Neutral rating after its Q1 earnings miss. The analyst notes that while the company's core net interest margins moved higher and profitability ratios "still impressed", its spread and fee income levels were below estimates, expenses and loan loss provisions grew, and balance sheet levels declined. Rulis also lowers his FY19 and FY20 EPS outlook from $3.95 for both years to $3.50 and $3.55 respectively after the results, making model adjustments to reflect higher provisioning and slower growth.
News For CBSH From the Last 2 Days
There are no results for your query CBSH