Community Financial System (NYSE:CBU) Director Eric Stickels Sells 2,000 Shares of Stock

Community Financial System, Inc. (NYSE:CBU) Director Eric Stickels sold 2,000 shares of the business’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $64.75, for a total transaction of $129,500.00. Following the transaction, the director directly owned 33,342 shares in the company, valued at $2,158,894.50. This trade represents a 5.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Community Financial System Stock Performance

Shares of NYSE:CBU traded up $1.06 during trading on Friday, hitting $66.30. 6,477 shares of the stock were exchanged, compared to its average volume of 245,887. Community Financial System, Inc. has a 1-year low of $49.44 and a 1-year high of $68.11. The company has a market capitalization of $3.49 billion, a price-to-earnings ratio of 16.68 and a beta of 0.81. The company’s fifty day simple moving average is $60.50 and its 200-day simple moving average is $58.38. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.76 and a current ratio of 0.75.

Community Financial System (NYSE:CBU) last announced its earnings results on Tuesday, January 27th. The bank reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.06). The firm had revenue of $215.56 million for the quarter, compared to analyst estimates of $212.85 million. Community Financial System had a return on equity of 11.09% and a net margin of 20.82%.The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.94 EPS. Sell-side analysts expect that Community Financial System, Inc. will post 4.18 EPS for the current fiscal year.

Community Financial System Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Monday, March 16th will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Monday, March 16th. Community Financial System’s dividend payout ratio (DPR) is currently 47.36%.

Analyst Upgrades and Downgrades

CBU has been the subject of several analyst reports. Piper Sandler initiated coverage on shares of Community Financial System in a research note on Wednesday, December 3rd. They issued a “neutral” rating and a $62.00 price objective for the company. Keefe, Bruyette & Woods restated a “market perform” rating and set a $66.00 target price (down from $67.00) on shares of Community Financial System in a research note on Thursday, October 23rd. Janney Montgomery Scott cut Community Financial System from a “buy” rating to a “neutral” rating in a report on Tuesday, January 13th. Wall Street Zen downgraded Community Financial System from a “hold” rating to a “sell” rating in a research report on Saturday, January 17th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Community Financial System in a research report on Monday, December 29th. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $64.00.

Hedge Funds Weigh In On Community Financial System

Several institutional investors have recently added to or reduced their stakes in CBU. EverSource Wealth Advisors LLC increased its stake in shares of Community Financial System by 177.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 781 shares of the bank’s stock worth $44,000 after purchasing an additional 499 shares during the last quarter. Lipe & Dalton purchased a new stake in Community Financial System in the 4th quarter worth about $52,000. CWM LLC raised its stake in Community Financial System by 56.1% in the 3rd quarter. CWM LLC now owns 899 shares of the bank’s stock valued at $53,000 after acquiring an additional 323 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Community Financial System by 14.9% during the third quarter. Smartleaf Asset Management LLC now owns 1,456 shares of the bank’s stock valued at $86,000 after purchasing an additional 189 shares during the last quarter. Finally, Covestor Ltd boosted its position in Community Financial System by 110.7% during the third quarter. Covestor Ltd now owns 1,479 shares of the bank’s stock worth $87,000 after purchasing an additional 777 shares during the period. Institutional investors own 73.79% of the company’s stock.

About Community Financial System

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.