Community Financial System, Inc. (NYSE:CBU – Get Free Report) Director Brenda Hall bought 476 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The stock was purchased at an average cost of $63.59 per share, with a total value of $30,268.84. Following the completion of the transaction, the director directly owned 515 shares in the company, valued at $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 available at this link.
Community Financial System Trading Down 0.1%
NYSE CBU opened at $63.12 on Friday. The business has a 50 day moving average price of $65.91 and a 200-day moving average price of $63.36. Community Financial System, Inc. has a 52 week low of $53.46 and a 52 week high of $71.11. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.29. The company has a market cap of $3.32 billion, a price-to-earnings ratio of 14.65 and a beta of 0.78.
Community Financial System (NYSE:CBU – Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The bank reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.18 by ($0.02). The business had revenue of $218.45 million for the quarter, compared to analyst estimates of $221.77 million. Community Financial System had a return on equity of 11.47% and a net margin of 21.79%.The business’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.04 EPS. As a group, equities analysts expect that Community Financial System, Inc. will post 4.58 earnings per share for the current fiscal year.
Community Financial System Increases Dividend
Wall Street Analyst Weigh In
CBU has been the subject of several analyst reports. Piper Sandler increased their target price on shares of Community Financial System from $66.00 to $71.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Raymond James Financial restated a “strong-buy” rating and set a $75.00 price target on shares of Community Financial System in a report on Thursday, April 30th. Weiss Ratings upgraded shares of Community Financial System from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 2nd. Wall Street Zen raised shares of Community Financial System from a “sell” rating to a “hold” rating in a research report on Monday, August 10th. Finally, Keefe, Bruyette & Woods cut their target price on Community Financial System from $70.00 to $68.00 and set a “market perform” rating on the stock in a research note on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Community Financial System has an average rating of “Moderate Buy” and a consensus target price of $71.50.
View Our Latest Stock Analysis on CBU
Institutional Investors Weigh In On Community Financial System
Hedge funds have recently modified their holdings of the stock. BlackRock Inc. bought a new position in Community Financial System during the second quarter valued at $507,210,000. California State Teachers Retirement System raised its stake in shares of Community Financial System by 7,119.4% in the second quarter. California State Teachers Retirement System now owns 4,100,965 shares of the bank’s stock valued at $275,257,000 after buying an additional 4,044,160 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Community Financial System by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,818,395 shares of the bank’s stock valued at $106,647,000 after buying an additional 20,428 shares during the last quarter. Norges Bank purchased a new position in shares of Community Financial System during the 4th quarter valued at $38,993,000. Finally, Bank of America Corp DE grew its stake in shares of Community Financial System by 132.9% during the 3rd quarter. Bank of America Corp DE now owns 636,257 shares of the bank’s stock worth $37,310,000 after acquiring an additional 363,012 shares during the period. Institutional investors own 73.79% of the company’s stock.
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.
Read More
- Five stocks we like better than Community Financial System
- Nutanix’s Rally Has a Bigger Story Than Earnings as AMD’s AI Bet Takes Shape
- SEC Probe Puts Wall Street Leverage Risk Back in Focus
- A Bearish-Dollar Options Surge Raises the Stakes for Warsh at Jackson Hole
- Five Below’s Turnaround Is Working—But Has the Stock Run Too Far?
Receive News & Ratings for Community Financial System Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Community Financial System and related companies with MarketBeat.com's FREE daily email newsletter.
