Community Bank System (CBU) Given Media Impact Rating of 0.27
Headlines about Community Bank System (NYSE:CBU) have trended positive this week, according to Accern Sentiment. The research firm scores the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Community Bank System earned a news impact score of 0.27 on Accern’s scale. Accern also gave media headlines about the bank an impact score of 47.9971647329194 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news stories that may have impacted Accern’s analysis:
- Neuberger Berman Group LLC Marginally Decreases Its Ownership in Community Bank System, Inc. (CBU) Last Quarter (highlightpress.com)
- Community Bank System, Inc. breached its 50 day moving average in a Bullish Manner : CBU-US : August 7, 2017 (finance.yahoo.com)
- Community Bank System, Inc. – Value Analysis (NYSE:CBU) : August 7, 2017 (finance.yahoo.com)
- Community Bank System, Inc. (CBU) Lifted to “Sell” at BidaskClub (americanbankingnews.com)
Several brokerages recently commented on CBU. Royal Bank Of Canada raised their target price on Community Bank System from $41.00 to $56.00 and gave the company a “sector perform” rating in a report on Tuesday, May 16th. Piper Jaffray Companies reiterated a “hold” rating and set a $51.00 target price on shares of Community Bank System in a report on Thursday, August 3rd. Finally, BidaskClub upgraded Community Bank System from a “strong sell” rating to a “sell” rating in a report on Friday, August 4th. Two research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Community Bank System presently has an average rating of “Hold” and a consensus price target of $53.60.
Shares of Community Bank System (NYSE CBU) traded down 0.93% during midday trading on Friday, reaching $52.26. The company’s stock had a trading volume of 142,953 shares. The stock’s 50-day moving average is $55.06 and its 200 day moving average is $56.19. The stock has a market capitalization of $2.64 billion, a P/E ratio of 25.00 and a beta of 1.07. Community Bank System has a 12 month low of $42.67 and a 12 month high of $63.04.
Community Bank System (NYSE:CBU) last posted its quarterly earnings data on Monday, July 31st. The bank reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.13. Community Bank System had a return on equity of 9.04% and a net margin of 20.63%. The business had revenue of $129.26 million during the quarter, compared to analysts’ expectations of $127 million. During the same quarter in the previous year, the firm earned $0.58 EPS. The firm’s revenue was up 20.7% compared to the same quarter last year. On average, analysts expect that Community Bank System will post $2.57 earnings per share for the current fiscal year.
In related news, Director Nicholas A. Dicerbo sold 3,000 shares of the business’s stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of $56.03, for a total transaction of $168,090.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 3.20% of the stock is currently owned by insiders.
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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