Community Financial System, Inc. (NYSE:CBU) Receives $66.67 Consensus PT from Brokerages

Shares of Community Financial System, Inc. (NYSE:CBU) have been assigned a consensus rating of “Hold” from the five ratings firms that are currently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $66.6667.

A number of brokerages recently weighed in on CBU. Weiss Ratings raised Community Financial System from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, April 7th. DA Davidson began coverage on Community Financial System in a report on Wednesday, February 25th. They set a “neutral” rating and a $72.00 price objective on the stock. Wall Street Zen raised Community Financial System from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. Finally, Janney Montgomery Scott cut Community Financial System from a “buy” rating to a “neutral” rating in a report on Tuesday, January 13th.

Community Financial System Stock Down 0.4%

CBU stock opened at $62.46 on Thursday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.23. The company’s 50 day moving average is $60.67 and its 200 day moving average is $59.64. The stock has a market cap of $3.28 billion, a price-to-earnings ratio of 15.73 and a beta of 0.77. Community Financial System has a 1-year low of $51.12 and a 1-year high of $67.50.

Community Financial System (NYSE:CBU) last announced its quarterly earnings data on Tuesday, January 27th. The bank reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.01). The firm had revenue of $215.56 million for the quarter, compared to analysts’ expectations of $212.85 million. Community Financial System had a net margin of 20.82% and a return on equity of 11.09%. The business’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.94 earnings per share. Sell-side analysts predict that Community Financial System will post 4.67 EPS for the current fiscal year.

Community Financial System Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Monday, June 15th will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, June 15th. Community Financial System’s dividend payout ratio (DPR) is currently 47.36%.

Insider Transactions at Community Financial System

In related news, Director John F. Whipple sold 4,246 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $65.17, for a total transaction of $276,711.82. Following the transaction, the director directly owned 8,506 shares of the company’s stock, valued at approximately $554,336.02. This trade represents a 33.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Eric Stickels sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $64.75, for a total value of $129,500.00. Following the transaction, the director owned 33,342 shares in the company, valued at approximately $2,158,894.50. The trade was a 5.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.15% of the company’s stock.

Institutional Investors Weigh In On Community Financial System

Large investors have recently made changes to their positions in the business. IFP Advisors Inc grew its position in shares of Community Financial System by 507.0% in the 4th quarter. IFP Advisors Inc now owns 522 shares of the bank’s stock worth $30,000 after buying an additional 436 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Community Financial System by 177.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 781 shares of the bank’s stock worth $44,000 after buying an additional 499 shares during the last quarter. Lipe & Dalton bought a new stake in shares of Community Financial System in the 4th quarter worth approximately $52,000. CWM LLC grew its position in shares of Community Financial System by 56.1% in the 3rd quarter. CWM LLC now owns 899 shares of the bank’s stock worth $53,000 after buying an additional 323 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its position in shares of Community Financial System by 14.9% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,456 shares of the bank’s stock worth $86,000 after buying an additional 189 shares during the last quarter. 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.