Shares of Community Bank System Inc. (NYSE:CBU) hit a new 52-week high during trading on Thursday . The company traded as high as $45.49 and last traded at $45.28, with a volume of 15,141 shares changing hands. The stock had previously closed at $45.12.

A number of brokerages have commented on CBU. Hovde Group upped their price target on shares of Community Bank System from $38.00 to $43.00 and gave the company a “market perform” rating in a research report on Tuesday, July 26th. Royal Bank Of Canada upped their price target on shares of Community Bank System from $37.00 to $39.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 26th. Zacks Investment Research raised shares of Community Bank System from a “sell” rating to a “hold” rating in a research report on Monday, June 27th. Finally, Sandler O’Neill cut shares of Community Bank System from a “buy” rating to a “hold” rating in a research report on Friday, July 22nd. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Community Bank System presently has a consensus rating of “Hold” and an average target price of $41.50.

The firm has a market cap of $2.01 billion and a price-to-earnings ratio of 20.62. The firm’s 50-day moving average is $43.24 and its 200 day moving average is $39.93.

Community Bank System (NYSE:CBU) last released its quarterly earnings data on Wednesday, July 20th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. The firm earned $107.10 million during the quarter, compared to analysts’ expectations of $106.66 million. During the same quarter in the previous year, the firm posted $0.58 EPS. Community Bank System’s revenue was up 17.8% compared to the same quarter last year. Equities analysts expect that Community Bank System Inc. will post $2.32 earnings per share for the current year.

In related news, Director Brian R. Ace sold 3,817 shares of the business’s stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $43.40, for a total transaction of $165,657.80. Following the transaction, the director now owns 50,275 shares in the company, valued at $2,181,935. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Nicholas A. Dicerbo sold 2,000 shares of the business’s stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $43.75, for a total transaction of $87,500.00. Following the transaction, the director now owns 200,921 shares in the company, valued at approximately $8,790,293.75. The disclosure for this sale can be found here.

Several institutional investors recently made changes to their positions in the stock. California Public Employees Retirement System boosted its position in shares of Community Bank System by 2.7% in the fourth quarter. California Public Employees Retirement System now owns 64,520 shares of the company’s stock valued at $2,577,000 after buying an additional 1,720 shares in the last quarter. Principal Financial Group Inc. raised its stake in Community Bank System by 9.8% in the fourth quarter. Principal Financial Group Inc. now owns 292,757 shares of the company’s stock valued at $11,693,000 after buying an additional 26,112 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Community Bank System by 4.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,752,890 shares of the company’s stock valued at $70,012,000 after buying an additional 80,788 shares during the last quarter.

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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