Community Bank System, Inc. (NYSE:CBU) Receives $50.00 Consensus Price Target from Analysts

Community Bank System, Inc. (NYSE:CBUGet Free Report) has been given a consensus recommendation of “Hold” by the five ratings firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $50.00.

CBU has been the subject of a number of research analyst reports. DA Davidson reaffirmed a “neutral” rating and set a $50.00 price objective on shares of Community Bank System in a research report on Thursday, March 14th. Raymond James increased their target price on shares of Community Bank System from $45.00 to $55.00 and gave the stock an “outperform” rating in a report on Friday, January 5th. Finally, StockNews.com upgraded shares of Community Bank System to a “sell” rating in a report on Friday, January 19th.

View Our Latest Report on Community Bank System

Insider Activity at Community Bank System

In other Community Bank System news, CEO Dimitar Karaivanov acquired 1,000 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were bought at an average cost of $43.70 per share, for a total transaction of $43,700.00. Following the completion of the purchase, the chief executive officer now owns 16,265 shares in the company, valued at approximately $710,780.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Community Bank System news, Director Sally A. Steele sold 3,501 shares of Community Bank System stock in a transaction on Monday, January 29th. The shares were sold at an average price of $48.76, for a total value of $170,708.76. Following the transaction, the director now directly owns 33,634 shares in the company, valued at $1,639,993.84. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Dimitar Karaivanov purchased 1,000 shares of the company’s stock in a transaction dated Wednesday, February 14th. The shares were purchased at an average price of $43.70 per share, for a total transaction of $43,700.00. Following the completion of the purchase, the chief executive officer now owns 16,265 shares of the company’s stock, valued at $710,780.50. The disclosure for this purchase can be found here. Insiders sold a total of 16,532 shares of company stock valued at $832,774 over the last ninety days. Insiders own 1.89% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its stake in shares of Community Bank System by 19.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,121 shares of the bank’s stock worth $423,000 after acquiring an additional 1,296 shares during the period. Vanguard Group Inc. grew its position in Community Bank System by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 6,596,018 shares of the bank’s stock worth $343,718,000 after buying an additional 43,001 shares during the period. Goldman Sachs Group Inc. grew its position in Community Bank System by 15.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 814,362 shares of the bank’s stock worth $42,436,000 after buying an additional 107,285 shares during the period. Price T Rowe Associates Inc. MD grew its position in Community Bank System by 7.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 32,322 shares of the bank’s stock worth $1,685,000 after buying an additional 2,269 shares during the period. Finally, GSA Capital Partners LLP grew its position in Community Bank System by 80.1% during the fourth quarter. GSA Capital Partners LLP now owns 26,575 shares of the bank’s stock worth $1,385,000 after buying an additional 11,822 shares during the period. 75.39% of the stock is currently owned by institutional investors and hedge funds.

Community Bank System Stock Performance

Community Bank System stock opened at $45.45 on Friday. The firm has a 50 day simple moving average of $46.03 and a 200-day simple moving average of $45.53. Community Bank System has a 1-year low of $35.38 and a 1-year high of $55.64. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a market cap of $2.42 billion, a price-to-earnings ratio of 17.96 and a beta of 0.65.

Community Bank System (NYSE:CBUGet Free Report) last posted its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.08). The company had revenue of $177.00 million for the quarter, compared to analysts’ expectations of $175.25 million. Community Bank System had a return on equity of 9.15% and a net margin of 13.78%. The business’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the previous year, the business posted $0.96 EPS. On average, analysts expect that Community Bank System will post 3.24 EPS for the current year.

Community Bank System Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 10th. Investors of record on Friday, March 15th will be given a $0.45 dividend. The ex-dividend date is Thursday, March 14th. This represents a $1.80 dividend on an annualized basis and a yield of 3.96%. Community Bank System’s dividend payout ratio (DPR) is presently 71.15%.

About Community Bank System

(Get Free Report

Community Bank System, Inc operates as the bank holding company for Community Bank, N.A. that provides various banking and other financial services to retail, commercial, and municipal customers. It operates through three segments: Banking, Employee Benefit Services, and All Other. The company offers various deposits products, such as interest and noninterest -bearing checking, savings, and money market deposit accounts, as well as time deposits.

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Analyst Recommendations for Community Bank System (NYSE:CBU)

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