Community Bank System, Inc. (NYSE:CBU – Get Rating) Director Sally A. Steele bought 2,000 shares of the stock in a transaction dated Wednesday, March 15th. The stock was purchased at an average price of $53.46 per share, with a total value of $106,920.00. Following the acquisition, the director now directly owns 4,585 shares in the company, valued at approximately $245,114.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Community Bank System Trading Down 4.8 %
CBU stock opened at $53.84 on Friday. The company has a market capitalization of $2.89 billion, a PE ratio of 15.56 and a beta of 0.63. Community Bank System, Inc. has a 12 month low of $48.99 and a 12 month high of $72.86. The firm’s 50-day moving average is $59.50 and its 200 day moving average is $61.70. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.67 and a quick ratio of 0.67.
Community Bank System (NYSE:CBU – Get Rating) last posted its quarterly earnings results on Tuesday, January 24th. The bank reported $0.96 EPS for the quarter, topping the consensus estimate of $0.95 by $0.01. The company had revenue of $187.69 million for the quarter, compared to the consensus estimate of $177.60 million. Community Bank System had a net margin of 26.77% and a return on equity of 11.94%. During the same quarter last year, the firm posted $0.81 EPS. On average, research analysts anticipate that Community Bank System, Inc. will post 3.71 EPS for the current year.
Community Bank System Dividend Announcement
Analyst Ratings Changes
CBU has been the subject of several analyst reports. Raymond James initiated coverage on shares of Community Bank System in a report on Tuesday, December 20th. They issued a “market perform” rating for the company. StockNews.com initiated coverage on shares of Community Bank System in a report on Thursday. They issued a “sell” rating for the company. Finally, Janney Montgomery Scott initiated coverage on shares of Community Bank System in a report on Tuesday, March 14th. They issued a “buy” rating and a $66.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Community Bank System currently has a consensus rating of “Hold” and an average target price of $64.50.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. Rise Advisors LLC purchased a new position in Community Bank System during the 3rd quarter valued at about $26,000. Wipfli Financial Advisors LLC purchased a new position in Community Bank System during the 3rd quarter valued at about $29,000. Quadrant Capital Group LLC increased its position in Community Bank System by 80.4% during the 4th quarter. Quadrant Capital Group LLC now owns 487 shares of the bank’s stock valued at $31,000 after purchasing an additional 217 shares during the period. Lazard Asset Management LLC purchased a new position in Community Bank System during the 4th quarter valued at about $31,000. Finally, Eagle Bay Advisors LLC purchased a new position in Community Bank System during the 2nd quarter valued at about $32,000. Hedge funds and other institutional investors own 71.78% of the company’s stock.
About Community Bank System
Community Bank System, Inc is a holding company, which engages in the provision of retail, business, and municipal banking services. It operates through the following segments: Banking, Employee Benefit Services, and All Other. The Banking segment offers an array of lending and depository-related products and services to individuals, businesses, and municipal enterprises.
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