Community Bank System (NYSE:CBU) Raised to Hold at StockNews.com

Community Bank System (NYSE:CBU) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Friday.

Separately, Keefe, Bruyette & Woods raised their price target on Community Bank System from $74.00 to $76.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 22nd.

Community Bank System Trading Up 0.7%

CBU opened at $57.95 on Friday. The firm’s fifty day moving average is $55.44 and its two-hundred day moving average is $61.60. The firm has a market cap of $3.06 billion, a PE ratio of 16.85 and a beta of 0.77. Community Bank System has a twelve month low of $42.16 and a twelve month high of $73.39. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.76 and a current ratio of 0.76.

Community Bank System (NYSE:CBU) last released its quarterly earnings data on Tuesday, April 29th. The bank reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. The business had revenue of $196.20 million during the quarter, compared to analysts’ expectations of $197.13 million. Community Bank System had a net margin of 19.40% and a return on equity of 10.94%. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.18 EPS. Equities research analysts anticipate that Community Bank System will post 4.18 EPS for the current year.

Hedge Funds Weigh In On Community Bank System

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC raised its stake in shares of Community Bank System by 99.0% in the 3rd quarter. Barclays PLC now owns 109,647 shares of the bank’s stock valued at $6,367,000 after purchasing an additional 54,554 shares during the period. Principal Financial Group Inc. raised its position in Community Bank System by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 254,869 shares of the bank’s stock valued at $15,720,000 after buying an additional 7,160 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Community Bank System in the 4th quarter valued at approximately $687,000. Sei Investments Co. boosted its position in Community Bank System by 264.8% during the 4th quarter. Sei Investments Co. now owns 33,239 shares of the bank’s stock worth $2,050,000 after acquiring an additional 24,127 shares during the last quarter. Finally, Norges Bank acquired a new position in Community Bank System during the 4th quarter worth approximately $34,779,000. 73.79% of the stock is owned by institutional investors and hedge funds.

About Community Bank System

Community Bank System, Inc operates as the bank holding company for Community Bank, N.A. that provides various banking and other financial services to retail, commercial, institutional, and municipal customers. It operates through three segments: Banking, Employee Benefit Services, and All Other. The company offers various deposits products, such as interest and noninterest -bearing checking, savings, and money market deposit accounts, as well as time deposits.