Weekly Investment Analysts’ Ratings Changes for Community Bank System (CBU)
Community Bank System (NYSE: CBU) recently received a number of ratings updates from brokerages and research firms:
- 8/4/2017 – Community Bank System was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
- 8/3/2017 – Community Bank System had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $51.00 price target on the stock.
- 8/2/2017 – Community Bank System had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada.
- 7/24/2017 – Community Bank System was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
- 6/24/2017 – Community Bank System was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
Shares of Community Bank System, Inc. (NYSE CBU) traded down 1.86% during trading on Wednesday, reaching $53.96. 134,161 shares of the company traded hands. The stock has a market capitalization of $2.73 billion, a PE ratio of 25.82 and a beta of 1.07. The firm’s 50-day moving average is $55.38 and its 200-day moving average is $56.33. Community Bank System, Inc. has a 12-month low of $42.67 and a 12-month high of $63.04.
Community Bank System (NYSE:CBU) last released its earnings results on Monday, July 31st. The bank reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.13. The company had revenue of $129.26 million during the quarter, compared to analyst estimates of $127 million. Community Bank System had a net margin of 20.63% and a return on equity of 9.04%. The firm’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.58 EPS. On average, equities analysts predict that Community Bank System, Inc. will post $2.57 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, July 10th. Investors of record on Thursday, June 15th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend was Tuesday, June 13th. Community Bank System’s dividend payout ratio is 60.38%.
In related news, Director Nicholas A. Dicerbo sold 3,000 shares of the stock in a transaction that occurred on Thursday, June 29th. The shares were sold at an average price of $56.03, for a total value of $168,090.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate 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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