Community Financial System (NYSE:CBU) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of Community Financial System (NYSE:CBU) from a sell rating to a hold rating in a research note published on Saturday.

Other equities research analysts also recently issued research reports about the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Community Financial System in a research report on Monday, December 22nd. Keefe, Bruyette & Woods restated a “market perform” rating and set a $66.00 target price (down previously from $67.00) on shares of Community Financial System in a report on Thursday, October 23rd. Finally, Piper Sandler initiated coverage on shares of Community Financial System in a research report on Wednesday, December 3rd. They set a “neutral” rating and a $62.00 price target for the company. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $64.00.

Community Financial System Stock Performance

Shares of NYSE:CBU opened at $59.11 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.76 and a current ratio of 0.76. Community Financial System has a one year low of $49.44 and a one year high of $68.11. The firm has a market cap of $3.11 billion, a PE ratio of 15.24 and a beta of 0.79. The firm’s 50 day simple moving average is $57.58 and its 200-day simple moving average is $57.54.

Community Financial System (NYSE:CBU) last released its quarterly earnings data on Tuesday, October 21st. The bank reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.06. The firm had revenue of $206.82 million during the quarter, compared to the consensus estimate of $206.85 million. Community Financial System had a return on equity of 11.09% and a net margin of 20.72%.Community Financial System’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period last year, the business posted $0.88 EPS. As a group, equities analysts predict that Community Financial System will post 4.18 EPS for the current year.

Community Financial System Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 12th. Investors of record on Friday, December 12th will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, December 12th. Community Financial System’s dividend payout ratio (DPR) is 48.45%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Cubist Systematic Strategies LLC acquired a new position in Community Financial System during the first quarter valued at $1,159,000. FJ Capital Management LLC purchased a new position in Community Financial System during the 1st quarter valued at about $5,978,000. Adage Capital Partners GP L.L.C. acquired a new position in shares of Community Financial System in the 1st quarter valued at about $3,986,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Community Financial System by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,141 shares of the bank’s stock valued at $1,771,000 after purchasing an additional 1,362 shares during the period. Finally, Rise Advisors LLC lifted its position in shares of Community Financial System by 48.8% in the first quarter. Rise Advisors LLC now owns 698 shares of the bank’s stock worth $40,000 after purchasing an additional 229 shares in the last quarter. Institutional investors own 73.79% of the company’s stock.

Community Financial System Company Profile

Community Financial System (NYSE: CBU) is the bank holding company for Community Bank, National Association, a full-service commercial bank headquartered in DeWitt, New York. Through its principal subsidiary, the company offers a range of banking and financial services designed to meet the needs of both consumer and business clients. Its organizational structure centers on community-based banking operations supported by centralized technology, risk management and administrative functions.

The company’s product offerings include deposit accounts, residential and commercial mortgage loans, commercial and consumer lending, treasury and cash management services, and electronic banking.