Community Bank System Inc. Sets New 1-Year High at $35.45 (CBU)
Community Bank System (NYSE:CBU)’s share price reached a new 52-week high during trading on Friday, AmericanBankingNews.com reports. The stock traded as high as $35.45 and last traded at $35.31, with a volume of 61,927 shares traded. The stock had previously closed at $34.47.
A number of analysts have recently weighed in on CBU shares. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Community Bank System from $31.00 to $34.00 in a research note to investors on Tuesday, September 24th. Separately, analysts at Zacks upgraded shares of Community Bank System 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 equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Community Bank System currently has a consensus rating of “Hold” and an average target price of $32.05.
Community Bank System has a one year low of $25.50 and a one year high of $34.85. The stock’s 50-day moving average is $33.78 and its 200-day moving average is $31.41. The company has a market cap of $1.421 billion and a P/E ratio of 17.76.
Community Bank System (NYSE:CBU) last announced its 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.
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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