Several brokerages have updated their recommendations and price targets on shares of Community Bank System (NYSE: CBU) in the last few weeks:

  • 10/26/2017 – Community Bank System was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Community Bank System, Inc. is a bank holding company. “
  • 10/25/2017 – Community Bank System was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $60.00 price target on the stock. According to Zacks, “Community Bank System, Inc. is a bank holding company. “
  • 10/24/2017 – Community Bank System was given a new $55.00 price target on by analysts at DA Davidson. They now have a “hold” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 10/13/2017 – Community Bank System had its “hold” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $54.00 price target on the stock.
  • 10/2/2017 – Community Bank System was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Community Bank System, Inc. is a bank holding company. “
  • 9/12/2017 – Community Bank System was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $58.00 price target on the stock. According to Zacks, “Community Bank System, Inc. is a bank holding company. “

Shares of Community Bank System, Inc. (NYSE:CBU) traded down 0.60% during midday trading on Monday, reaching $54.22. 347,114 shares of the company’s stock traded hands. The company has a 50-day moving average of $54.12 and a 200-day moving average of $54.56. The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of 25.93 and a beta of 1.10. Community Bank System, Inc. has a one year low of $45.79 and a one year high of $63.04.

Community Bank System (NYSE:CBU) last announced its quarterly earnings results on Monday, October 23rd. The bank reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.06. Community Bank System had a net margin of 21.00% and a return on equity of 9.22%. The company had revenue of $137.30 million for the quarter, compared to analysts’ expectations of $138.74 million. During the same quarter in the previous year, the business posted $0.61 earnings per share. Community Bank System’s quarterly revenue was up 26.7% on a year-over-year basis. Equities research analysts anticipate that Community Bank System, Inc. will post $2.58 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 10th. Shareholders of record on Friday, September 15th were given a dividend of $0.34 per share. This is a boost from Community Bank System’s previous quarterly dividend of $0.32. The ex-dividend date was Thursday, September 14th. This represents a $1.36 dividend on an annualized basis and a yield of 2.51%. Community Bank System’s payout ratio is 62.10%.

In other Community Bank System news, Director R Kallet Michael sold 5,000 shares of the business’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $53.00, for a total transaction of $265,000.00. Following the transaction, the director now owns 11,603 shares in the company, valued at $614,959. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Brian R. Ace sold 5,457 shares of the business’s stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $53.35, for a total transaction of $291,130.95. Following the transaction, the director now owns 55,647 shares in the company, valued at approximately $2,968,767.45. The disclosure for this sale can be found here. Insiders have sold 20,457 shares of company stock worth $1,085,081 in the last quarter. Company insiders own 3.20% of the company’s stock.

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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