Community Financial System, Inc. (CBU) – What Are Researchers Saying About This Stock?

Shares of Community Financial System, Inc. (NYSE:CBU) have been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $69.25.

Several brokerages have commented on CBU. DA Davidson dropped their price target on Community Financial System from $70.00 to $69.00 and set a “neutral” rating on the stock in a research report on Monday, October 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Community Financial System in a research report on Tuesday, September 29th. Piper Sandler lowered their price objective on shares of Community Financial System from $71.00 to $65.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 6th. Keefe, Bruyette & Woods dropped their target price on shares of Community Financial System from $70.00 to $68.00 and set a “market perform” rating on the stock in a research report on Thursday, July 30th. Finally, Wall Street Zen upgraded shares of Community Financial System from a “sell” rating to a “hold” rating in a research note on Monday, August 10th.

Insider Activity

In related news, Director Brenda M. Hall acquired 476 shares of the business’s stock in a transaction dated Monday, August 24th. The stock was acquired at an average price of $63.59 per share, with a total value of $30,268.84. Following the completion of the transaction, the director owned 515 shares of the company’s stock, valued at approximately $32,748.85. This represents a 1,220.51% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.15% of the company’s stock.

Institutional Trading of Community Financial System

Institutional investors and hedge funds have recently modified their holdings of the company. GAMMA Investing LLC boosted its stake in Community Financial System by 38.4% in the 2nd quarter. GAMMA Investing LLC now owns 541 shares of the bank’s stock valued at $36,000 after buying an additional 150 shares in the last quarter. Nykredit A S acquired a new position in Community Financial System during the second quarter worth $38,000. Public Employees Retirement System of Ohio acquired a new position in Community Financial System during the second quarter worth $44,000. Versant Capital Management Inc raised its stake in Community Financial System by 69.6% during the third quarter. Versant Capital Management Inc now owns 875 shares of the bank’s stock worth $52,000 after acquiring an additional 359 shares in the last quarter. Finally, Heritage Family Offices LLP bought a new position in shares of Community Financial System during the third quarter valued at $56,000. 73.79% of the stock is currently owned by institutional investors.

Community Financial System Stock Performance

NYSE:CBU opened at $64.89 on Monday. The firm has a market capitalization of $3.41 billion, a PE ratio of 14.65 and a beta of 0.75. Community Financial System has a 1 year low of $53.46 and a 1 year high of $71.11. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.21. The firm’s fifty day simple moving average is $61.71 and its 200 day simple moving average is $62.94.

Community Financial System (NYSE:CBU) last released its earnings results on Tuesday, October 27th. The bank reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.08. The firm had revenue of $230.21 million during the quarter, compared to analyst estimates of $227.15 million. Community Financial System had a net margin of 22.05% and a return on equity of 11.78%. The business’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.09 EPS. On average, sell-side analysts anticipate that Community Financial System will post 4.60 EPS for the current year.

Community Financial System Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 11th. Shareholders of record on Tuesday, December 15th will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 3.0%. The ex-dividend date is Tuesday, December 15th. Community Financial System’s dividend payout ratio (DPR) is currently 44.24%.

About Community Financial System

Community Financial System, Inc is a diversified financial services company headquartered in DeWitt, New York. Its principal subsidiary, Community Bank, N.A., provides personal and business banking services, including deposit accounts, lending, and cash management.

The company also offers retirement plan administration and employee benefits services, insurance brokerage, and wealth management and investment advisory services through its specialized subsidiaries.

Through its banking network, Community Financial System serves customers in New York, Pennsylvania, Vermont, and Massachusetts.