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Stock impact report

Piper Sandler Raises Commerce Bancshares (CBSH) Target after FineMark Deal Closes [Yahoo! Finance]

Piper Sandler Companies (PIPR) 
Last piper sandler companies earnings: 5/1 08:04 am Check Earnings Report
Company Research Source: Yahoo! Finance
On January 9, Piper Sandler raised its price target on Commerce Bancshares, Inc. (NASDAQ:CBSH) to $64 from $60 while keeping a Neutral rating on the stock. The update came after the company officially closed its acquisition of FineMark National Bank & Trust. Piper also lifted its 2026 operating EPS estimate to $4.25 from $4.00, reflecting the earnings lift it expects from FineMark. In the firm's view, FineMark fits neatly into Commerce's existing strategy. Piper described the deal as highly complementary to Commerce's already strong wealth management platform, adding more scale and giving the bank a stronger foothold in several appealing markets. The firm also believes those new markets could support better organic loan growth over time. Commerce confirmed the closing of the transaction on January 1. FineMark Holdings, the parent of FineMark National Bank & Trust, is now part of Commerce Bancshares, the parent of Commerce Bank. With the deal completed, Commerce now sits at around Show less Read more
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