Community Bank System (NYSE:CBU) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday, Zacks.com reports.

According to Zacks, “Community Bank System, Inc. is a bank holding company. “

Separately, ValuEngine lowered shares of Community Bank System from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st.

Shares of CBU traded up $0.72 during trading hours on Tuesday, hitting $63.40. The company had a trading volume of 196,576 shares, compared to its average volume of 186,223. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $3.16 billion, a PE ratio of 18.81, a price-to-earnings-growth ratio of 2.37 and a beta of 1.02. Community Bank System has a one year low of $54.46 and a one year high of $67.79. The company’s fifty day moving average price is $62.17 and its two-hundred day moving average price is $63.25.

Community Bank System (NYSE:CBU) last issued its quarterly earnings data on Monday, July 22nd. The bank reported $0.80 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.80. Community Bank System had a return on equity of 10.10% and a net margin of 28.64%. The company had revenue of $149.00 million for the quarter, compared to the consensus estimate of $144.08 million. During the same quarter last year, the company earned $0.86 earnings per share. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. Analysts forecast that Community Bank System will post 3.24 earnings per share for the current year.

In other Community Bank System news, Director Brian R. Ace sold 4,471 shares of Community Bank System stock in a transaction on Friday, June 28th. The shares were sold at an average price of $65.78, for a total value of $294,102.38. Following the transaction, the director now directly owns 61,910 shares of the company’s stock, valued at $4,072,439.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.15% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of CBU. Oregon Public Employees Retirement Fund boosted its position in shares of Community Bank System by 1.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 19,824 shares of the bank’s stock worth $1,185,000 after purchasing an additional 358 shares in the last quarter. Texas Permanent School Fund grew its stake in Community Bank System by 4.0% during the 1st quarter. Texas Permanent School Fund now owns 34,844 shares of the bank’s stock worth $2,083,000 after buying an additional 1,348 shares during the last quarter. Crossmark Global Holdings Inc. increased its position in Community Bank System by 4.6% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 7,307 shares of the bank’s stock valued at $481,000 after buying an additional 322 shares in the last quarter. Ontario Teachers Pension Plan Board acquired a new position in Community Bank System during the 2nd quarter valued at about $1,540,000. Finally, JPMorgan Chase & Co. raised its stake in Community Bank System by 4.0% in the second quarter. JPMorgan Chase & Co. now owns 220,366 shares of the bank’s stock valued at $14,344,000 after buying an additional 8,514 shares during the last quarter. Hedge funds and other institutional investors own 71.35% of the company’s stock.

Community Bank System Company Profile

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, and municipal customers. It operates through three segments: Banking, Employee Benefit Services, and All Other. The company offers various deposits products, such as checking, savings, and money market accounts, as well as time deposits.

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