Community Bank System Price Target Raised to $34.00 at Keefe, Bruyette & Woods (CBU)
Investment analysts at Keefe, Bruyette & Woods raised their price target on shares of Community Bank System (NYSE:CBU) from $31.00 to $34.00 in a note issued to investors on Tuesday, ARN reports. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 0.47% from the company’s current price.
Separately, analysts at Zacks upgraded shares of Community Bank System (NYSE:CBU) from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, September 16th. They now have a $35.20 price target on the stock.
Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $32.05.
Shares of Community Bank System (NYSE:CBU) traded up 0.59% on Tuesday, hitting $33.84. 93,690 shares of the company’s stock traded hands. Community Bank System has a 52 week low of $25.50 and a 52 week high of $34.85. The stock has a 50-day moving average of $33.8 and a 200-day moving average of $31.04. The company has a market cap of $1.362 billion and a price-to-earnings ratio of 17.33.
Community Bank System (NYSE:CBU) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $0.52 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.50 by $0.02. On average, analysts predict that Community Bank System will post $2.06 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, October 10th. Shareholders of record on Monday, September 16th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend is Thursday, September 12th. This is a positive change from Community Bank System’s previous quarterly dividend of $0.27.
Community Bank System, Inc,which wholly owns five subsidiaries: Community Bank, N.A. (NYSE:CBU), Benefit Plans Administrative Services, Inc (BPAS), CFSI Closeout Corp.
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