Community Bank System, Inc. (NYSE:CBU) EVP Brian D. Donahue sold 5,535 shares of the stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $55.19, for a total transaction of $305,476.65. Following the sale, the executive vice president now owns 43,844 shares in the company, valued at approximately $2,419,750.36. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Community Bank System, Inc. (CBU) traded down $0.40 during trading hours on Friday, reaching $54.75. 126,635 shares of the company traded hands, compared to its average volume of 259,095. The company has a market cap of $2,791.09, a P/E ratio of 25.00, a price-to-earnings-growth ratio of 2.07 and a beta of 1.07. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.72 and a current ratio of 0.72. Community Bank System, Inc. has a fifty-two week low of $48.89 and a fifty-two week high of $63.04.
Community Bank System (NYSE:CBU) last issued its quarterly earnings data on Monday, October 23rd. The bank reported $0.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.06. The business had revenue of $137.30 million during the quarter, compared to the consensus estimate of $138.74 million. Community Bank System had a net margin of 21.00% and a return on equity of 9.22%. The firm’s revenue was up 26.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.61 EPS. equities analysts predict that Community Bank System, Inc. will post 2.66 earnings per share for the current fiscal year.
CBU has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Community Bank System from a “hold” rating to a “strong-buy” rating and set a $58.00 price target on the stock in a research report on Tuesday, September 12th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $54.00 price target on shares of Community Bank System in a research report on Friday, October 13th. DA Davidson set a $55.00 price target on shares of Community Bank System and gave the stock a “hold” rating in a research report on Tuesday, October 24th. They noted that the move was a valuation call. Finally, Sandler O’Neill upgraded shares of Community Bank System from a “sell” rating to a “hold” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $55.20.
Large investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Community Bank System by 9.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,080 shares of the bank’s stock valued at $116,000 after purchasing an additional 174 shares during the last quarter. Pacad Investment Ltd. bought a new position in Community Bank System in the 2nd quarter valued at approximately $139,000. SG Americas Securities LLC bought a new position in Community Bank System in the 3rd quarter valued at approximately $151,000. Riverhead Capital Management LLC lifted its stake in Community Bank System by 104.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,862 shares of the bank’s stock valued at $160,000 after purchasing an additional 1,462 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Community Bank System by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 3,501 shares of the bank’s stock valued at $195,000 after purchasing an additional 524 shares during the last quarter. 69.19% of the stock is owned by institutional investors and hedge funds.
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About Community Bank System
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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