Community Bank System (NYSE:CBU) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday, February 13th.
According to Zacks, “Community Bank System, Inc. is a bank holding company. “
A number of other research firms also recently weighed in on CBU. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $58.00 price target on shares of Community Bank System in a research report on Wednesday, January 24th. Boenning Scattergood reiterated a “hold” rating on shares of Community Bank System in a research report on Monday, January 22nd. Sandler O’Neill raised shares of Community Bank System from a “sell” rating to a “hold” rating in a research note on Thursday, December 21st. Finally, DA Davidson set a $55.00 price objective on shares of Community Bank System and gave the company a “hold” rating in a research note on Tuesday, October 24th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $56.60.
Community Bank System (NYSE CBU) traded up $0.47 during midday trading on Tuesday, hitting $54.77. 45,364 shares of the stock were exchanged, compared to its average volume of 271,379. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 0.30. Community Bank System has a 52 week low of $48.89 and a 52 week high of $61.25. The firm has a market capitalization of $2,773.07, a P/E ratio of 18.10, a price-to-earnings-growth ratio of 1.82 and a beta of 1.02.
Community Bank System (NYSE:CBU) last released its quarterly earnings results on Monday, January 22nd. The bank reported $0.71 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.71. Community Bank System had a net margin of 28.34% and a return on equity of 9.18%. The company had revenue of $139.90 million during the quarter, compared to the consensus estimate of $138.09 million. During the same period in the previous year, the business earned $0.59 earnings per share. The firm’s quarterly revenue was up 28.1% on a year-over-year basis. research analysts predict that Community Bank System will post 3 earnings per share for the current year.
In related news, EVP Brian D. Donahue sold 5,535 shares of the business’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $55.19, for a total value of $305,476.65. Following the sale, the executive vice president now owns 43,844 shares of the company’s stock, valued at $2,419,750.36. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Nicholas A. Dicerbo sold 2,000 shares of the business’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $56.00, for a total transaction of $112,000.00. Following the completion of the sale, the director now directly owns 184,622 shares in the company, valued at approximately $10,338,832. The disclosure for this sale can be found here. Insiders sold 15,440 shares of company stock worth $862,488 over the last three months. 3.20% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC bought a new stake in shares of Community Bank System in the third quarter worth $151,000. CIBC Asset Management Inc bought a new stake in shares of Community Bank System in the third quarter worth $204,000. Ameritas Investment Partners Inc. lifted its holdings in Community Bank System by 15.9% in the second quarter. Ameritas Investment Partners Inc. now owns 4,311 shares of the bank’s stock valued at $240,000 after buying an additional 592 shares during the period. Shelton Capital Management acquired a new position in Community Bank System in the second quarter valued at $247,000. Finally, Meadow Creek Investment Management LLC lifted its holdings in Community Bank System by 24.5% in the fourth quarter. Meadow Creek Investment Management LLC now owns 6,412 shares of the bank’s stock valued at $345,000 after buying an additional 1,260 shares during the period. 68.93% of the stock is currently owned by institutional investors.
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Community Bank System Company Profile
Community Bank System, Inc is a bank holding company. The Company owns two subsidiaries: Community Bank, N.A. (CBNA or the Bank) and Benefit Plans Administrative Services, Inc (BPAS). It operates in three segments: banking, employee benefit services, and All Other. The Banking segment provides lending and depository-related products and services to individuals, businesses and municipal enterprises.
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