Community Financial System, Inc. (NYSE:CBU – Get Free Report) Director John Vaccaro purchased 317 shares of the business’s stock in a transaction on Thursday, August 27th. The shares were bought at an average price of $63.11 per share, for a total transaction of $20,005.87. Following the purchase, the director directly owned 492 shares in the company, valued at $31,050.12. This represents a 181.14% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Community Financial System Trading Down 0.0%
NYSE CBU opened at $63.15 on Monday. Community Financial System, Inc. has a 12-month low of $53.46 and a 12-month high of $71.11. The company has a fifty day simple moving average of $65.93 and a two-hundred day simple moving average of $63.33. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.29. The stock has a market cap of $3.32 billion, a P/E ratio of 14.65 and a beta of 0.78.
Community Financial System (NYSE:CBU – Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The bank reported $1.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.02). Community Financial System had a net margin of 21.79% and a return on equity of 11.47%. The company had revenue of $218.45 million for the quarter, compared to analysts’ expectations of $221.77 million. During the same period last year, the firm earned $1.04 earnings per share. Community Financial System’s quarterly revenue was up 12.0% compared to the same quarter last year. On average, analysts forecast that Community Financial System, Inc. will post 4.58 earnings per share for the current year.
Community Financial System Increases Dividend
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the company. Piper Sandler raised their price objective on Community Financial System from $66.00 to $71.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Wall Street Zen upgraded Community Financial System from a “sell” rating to a “hold” rating in a research report on Monday, August 10th. Keefe, Bruyette & Woods cut their price target on shares of Community Financial System from $70.00 to $68.00 and set a “market perform” rating on the stock in a report on Thursday, July 30th. Finally, Weiss Ratings raised shares of Community Financial System from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $71.50.
Check Out Our Latest Report on CBU
Hedge Funds Weigh In On Community Financial System
Several institutional investors and hedge funds have recently modified their holdings of CBU. Corient Private Wealth LP boosted its stake in shares of Community Financial System by 11.2% in the second quarter. Corient Private Wealth LP now owns 21,965 shares of the bank’s stock worth $1,474,000 after buying an additional 2,205 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Community Financial System during the second quarter valued at approximately $235,000. California State Teachers Retirement System lifted its holdings in 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 acquiring an additional 4,044,160 shares during the period. AXQ Capital LP acquired a new position in Community Financial System in the second quarter valued at approximately $216,000. Finally, Nykredit A S purchased a new stake in Community Financial System in the 2nd quarter worth approximately $38,000. Institutional investors and hedge funds 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.
Recommended Stories
- Five stocks we like better than Community Financial System
- Strike a Balance Between Growth and Stability With These 3 Names Ready to Rally
- Rubrik’s AI Security Bet Could Power the Next Leg Higher
- Apple’s Foldable iPhone Could Be a Catalyst, But Not a Cure-All
- Snowflake Is Up Nearly 50% in 2026—What Are Short Sellers Betting Against?
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.
