Community Financial System, Inc. (NYSE:CBU – Get Free Report) has received an average rating of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $71.50.
A number of analysts recently issued reports on CBU shares. Piper Sandler increased their target price 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 raised shares of Community Financial System from a “sell” rating to a “hold” rating in a research note on Monday, August 10th. Keefe, Bruyette & Woods reduced their price target on shares of Community Financial System from $70.00 to $68.00 and set a “market perform” rating for the company in a report on Thursday, July 30th. Finally, Weiss Ratings upgraded shares of Community Financial System from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, July 2nd.
View Our Latest Stock Report on Community Financial System
Community Financial System Stock Down 0.2%
Community Financial System (NYSE:CBU – Get Free Report) last announced its quarterly earnings results 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). The firm had revenue of $218.45 million for the quarter, compared to the consensus estimate of $221.77 million. Community Financial System had a return on equity of 11.47% and a net margin of 21.79%.The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.04 earnings per share. Analysts forecast that Community Financial System will post 4.58 earnings per share for the current year.
Community Financial System Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 13th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.49 per share. This is a boost from Community Financial System’s previous quarterly dividend of $0.47. The ex-dividend date is Tuesday, September 15th. This represents a $1.96 dividend on an annualized basis and a yield of 3.1%. Community Financial System’s dividend payout ratio is currently 43.62%.
Insider Transactions at Community Financial System
In other Community Financial System news, Director Mark J. Bolus sold 12,191 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $67.00, for a total value of $816,797.00. Following the sale, the director owned 94,060 shares in the company, valued at approximately $6,302,020. The trade was a 11.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Brenda M. Hall purchased 476 shares of Community Financial System stock in a transaction on Monday, August 24th. The shares were purchased at an average cost of $63.59 per share, with a total value of $30,268.84. Following the transaction, the director owned 515 shares in the company, valued at approximately $32,748.85. The trade was a 1,220.51% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 1.15% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Community Financial System by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,141 shares of the bank’s stock worth $1,771,000 after buying an additional 1,362 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Community Financial System by 7.9% in the first quarter. Goldman Sachs Group Inc. now owns 550,613 shares of the bank’s stock valued at $31,308,000 after acquiring an additional 40,384 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Community Financial System by 6.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 136,619 shares of the bank’s stock worth $7,768,000 after acquiring an additional 8,182 shares in the last quarter. Jane Street Group LLC raised its holdings in Community Financial System by 523.4% during the first quarter. Jane Street Group LLC now owns 145,719 shares of the bank’s stock worth $8,286,000 after acquiring an additional 122,343 shares in the last quarter. Finally, Intech Investment Management LLC boosted its position in Community Financial System by 37.5% during the first quarter. Intech Investment Management LLC now owns 25,846 shares of the bank’s stock valued at $1,470,000 after purchasing an additional 7,052 shares during the last quarter. Institutional investors own 73.79% of the company’s stock.
About Community Financial System
Community Financial System, Inc (NYSE: CBU) is a diversified financial services company headquartered in DeWitt, New York. Formerly known as Community Bank System, Inc, the company changed its name in 2024 to reflect the broader range of services offered beyond traditional banking.
Through its Community Bank, N.A. subsidiary, the company provides personal and business banking services, including deposit accounts, consumer and commercial lending, mortgages, cash management, and electronic banking.
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