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

Commerce Bancshares, Inc. (NASDAQ:CBSH) is included among the 13 Best Dividend Kings to Buy in 2026.

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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 $36 billion in assets and roughly $90 billion in assets under administration. On a pro forma basis, using data as of September 30, 2025, it places it 15th among bank-managed trust companies based on assets under management.

The acquisition also strengthens Commerce’s private banking and wealth management operations. It builds on the bank’s existing footprint in Florida and adds new locations in Arizona and South Carolina.

Soon after the deal closed, FineMark National Bank & Trust was merged into Commerce Bank. FineMark will continue operating as FineMark Bank & Trust, a division of Commerce Bank, and will keep serving clients from the same locations, while maintaining its current advisor-client relationships.

Commerce Bancshares, Inc. (NASDAQ:CBSH) is a regional bank holding company that provides traditional banking services, payment solutions, wealth management, and securities brokerage through its subsidiaries.

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