Community Financial System (NYSE:CBU) Director Sells $127,960.00 in Stock

Community Financial System, Inc. (NYSE:CBU) Director Eric Stickels sold 2,000 shares of the business’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $63.98, for a total value of $127,960.00. Following the completion of the sale, the director owned 31,592 shares in the company, valued at approximately $2,021,256.16. This trade represents a 5.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Community Financial System Stock Up 0.7%

Shares of Community Financial System stock traded up $0.46 during trading on Wednesday, reaching $65.23. The stock had a trading volume of 65,358 shares, compared to its average volume of 239,928. The company has a market capitalization of $3.43 billion, a price-to-earnings ratio of 15.84 and a beta of 0.78. The stock has a fifty day moving average price of $62.47 and a two-hundred day moving average price of $61.18. Community Financial System, Inc. has a 52 week low of $51.12 and a 52 week high of $67.50. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.22.

Community Financial System (NYSE:CBU) last issued its quarterly earnings results on Wednesday, April 29th. The bank reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.05. The company had revenue of $213.69 million for the quarter, compared to analyst estimates of $216.36 million. Community Financial System had a return on equity of 11.24% and a net margin of 21.26%.The company’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.98 earnings per share. Sell-side analysts predict that Community Financial System, Inc. will post 4.74 EPS for the current fiscal year.

Community Financial System Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Monday, June 15th will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Monday, June 15th. Community Financial System’s payout ratio is 45.63%.

Analysts Set New Price Targets

A number of research firms recently issued reports on CBU. DA Davidson started coverage on Community Financial System in a research report on Wednesday, February 25th. They issued a “neutral” rating and a $72.00 target price on the stock. Weiss Ratings upgraded Community Financial System from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 11th. Piper Sandler raised their price target on Community Financial System from $62.00 to $66.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Wall Street Zen upgraded Community Financial System from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. Finally, Raymond James Financial restated a “strong-buy” rating and issued a $75.00 price target on shares of Community Financial System in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $69.75.

Institutional Trading of Community Financial System

Institutional investors and hedge funds have recently bought and sold shares of the business. IFP Advisors Inc raised its stake in Community Financial System by 507.0% in the fourth quarter. IFP Advisors Inc now owns 522 shares of the bank’s stock valued at $30,000 after buying an additional 436 shares during the period. EverSource Wealth Advisors LLC raised its stake in Community Financial System by 177.0% in the second quarter. EverSource Wealth Advisors LLC now owns 781 shares of the bank’s stock valued at $44,000 after buying an additional 499 shares during the period. Lipe & Dalton bought a new stake in Community Financial System in the fourth quarter valued at approximately $52,000. Smartleaf Asset Management LLC raised its stake in Community Financial System by 14.9% in the third quarter. Smartleaf Asset Management LLC now owns 1,456 shares of the bank’s stock valued at $86,000 after buying an additional 189 shares during the period. Finally, Strs Ohio bought a new stake in Community Financial System in the first quarter valued at approximately $102,000. 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.