Piper Sandler Raises Commerce Bancshares (CBSH) Target after FineMark Deal Closes

Group 1 - Commerce Bancshares, Inc. (NASDAQ:CBSH) is recognized as one of the 13 Best Dividend Kings to buy in 2026 [1] - Piper Sandler raised the price target for Commerce Bancshares to $64 from $60 after the acquisition of FineMark National Bank & Trust was completed, while maintaining a Neutral rating [2] - The 2026 operating EPS estimate was increased to $4.25 from $4.00, reflecting expected earnings growth from the FineMark acquisition [2] Group 2 - The acquisition of FineMark is seen as highly complementary to Commerce's existing wealth management strategy, enhancing scale and market presence [3] - Following the acquisition, Commerce Bancshares now has approximately $36 billion in assets and $90 billion in assets under administration, ranking 15th among bank-managed trust companies based on assets under management [4] - The deal strengthens Commerce's private banking and wealth management operations, expanding its footprint in Florida and adding locations in Arizona and South Carolina [5] Group 3 - FineMark National Bank & Trust has been merged into Commerce Bank but will continue to operate under its brand as a division of Commerce Bank, maintaining existing client relationships [5] - Commerce Bancshares is a regional bank holding company that offers traditional banking services, payment solutions, wealth management, and securities brokerage through its subsidiaries [6]