News coverage about Community Bank System (NYSE:CBU) has been trending positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Community Bank System earned a news sentiment score of 0.27 on Accern’s scale. Accern also gave news headlines about the bank an impact score of 47.9971647329194 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
- Neuberger Berman Group LLC Marginally Decreases Its Ownership in Community Bank System, Inc. (CBU) Last Quarter (highlightpress.com)
- Community Bank System, Inc. breached its 50 day moving average in a Bullish Manner : CBU-US : August 7, 2017 (finance.yahoo.com)
- Community Bank System, Inc. – Value Analysis (NYSE:CBU) : August 7, 2017 (finance.yahoo.com)
- Community Bank System, Inc. (CBU) Lifted to “Sell” at BidaskClub (americanbankingnews.com)
A number of research firms recently issued reports on CBU. Piper Jaffray Companies reissued a “hold” rating and issued a $51.00 price target on shares of Community Bank System in a research note on Thursday, August 3rd. Royal Bank Of Canada reissued a “hold” rating on shares of Community Bank System in a research note on Wednesday, August 2nd. Finally, BidaskClub cut shares of Community Bank System from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th. Two research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $53.60.
Community Bank System (NYSE CBU) traded down 0.93% during midday trading on Friday, reaching $52.26. 142,953 shares of the company were exchanged. The company has a 50 day moving average of $55.06 and a 200-day moving average of $56.19. Community Bank System has a 52-week low of $42.67 and a 52-week high of $63.04. The company has a market capitalization of $2.64 billion, a price-to-earnings ratio of 25.00 and a beta of 1.07.
Community Bank System (NYSE:CBU) last released its earnings results on Monday, July 31st. The bank reported $0.73 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.13. Community Bank System had a return on equity of 9.04% and a net margin of 20.63%. The firm had revenue of $129.26 million for the quarter, compared to the consensus estimate of $127 million. During the same period in the prior year, the business posted $0.58 earnings per share. The firm’s revenue for the quarter was up 20.7% compared to the same quarter last year. On average, equities research analysts anticipate that Community Bank System will post $2.57 earnings per share for the current fiscal year.
In related news, Director Edward S. Mucenski sold 3,000 shares of the stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $57.96, for a total transaction of $173,880.00. Following the transaction, the director now directly owns 3,186 shares in the company, valued at $184,660.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.20% of the company’s stock.
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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