Community Financial System (NYSE:CBU) Stock Rating Upgraded by Wall Street Zen

Community Financial System (NYSE:CBU) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Monday.

CBU has been the topic of a number of other research reports. Raymond James Financial reiterated a “strong-buy” rating and issued a $75.00 target price on shares of Community Financial System in a research note on Thursday, April 30th. Weiss Ratings raised shares of Community Financial System from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 2nd. Piper Sandler upped their price target on shares of Community Financial System from $66.00 to $71.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Community Financial System from $70.00 to $68.00 and set a “market perform” rating on the stock in a research note on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Community Financial System presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.50.

Community Financial System Trading Up 1.4%

Shares of NYSE CBU opened at $64.91 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.77 and a current ratio of 0.76. The business’s 50 day moving average price is $65.83 and its 200-day moving average price is $63.31. Community Financial System has a fifty-two week low of $53.46 and a fifty-two week high of $71.11. The company has a market cap of $3.42 billion, a price-to-earnings ratio of 15.06 and a beta of 0.78.

Community Financial System (NYSE:CBU) last issued its quarterly earnings results on Tuesday, July 28th. The bank reported $1.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.02). The business had revenue of $218.45 million for the quarter, compared to the consensus estimate of $221.77 million. Community Financial System had a return on equity of 11.47% and a net margin of 21.79%.Community Financial System’s revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.04 earnings per share. On average, sell-side analysts expect that Community Financial System will post 4.6 earnings per share for the current year.

Insider Buying and Selling at Community Financial System

In other Community Financial System news, Director Eric Stickels sold 2,000 shares of the company’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $63.98, for a total value of $127,960.00. Following the completion of the sale, the director directly owned 31,592 shares in the company, valued at approximately $2,021,256.16. This represents a 5.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark J. Bolus sold 12,191 shares of the stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $67.00, for a total value of $816,797.00. Following the transaction, the director directly owned 94,060 shares in the company, valued at $6,302,020. The trade was a 11.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.15% of the company’s stock.

Institutional Trading of Community Financial System

Several institutional investors and hedge funds have recently made changes to their positions in CBU. NFJ Investment Group LLC purchased a new stake in Community Financial System in the second quarter worth about $17,456,000. BlackRock Inc. purchased a new position in Community Financial System during the 2nd quarter valued at about $507,210,000. Deutsche Bank AG purchased a new position in Community Financial System during the 2nd quarter valued at about $3,796,000. Trust Co. of Vermont bought a new stake in shares of Community Financial System in the 2nd quarter valued at about $718,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Community Financial System in the 2nd quarter valued at about $36,523,000. 73.79% of the stock is currently owned by institutional investors.

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.