Community Bank System (CBU) Posts Quarterly Earnings, Beats Estimates By $0.02 EPS
Community Bank System (NYSE:CBU) released its earnings data on Tuesday. The company reported $0.54 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.52 by $0.02, American Banking & Market News reports.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Community Bank System from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, October 15th. They now have a $38.70 price target on the stock. On a related note, 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. Four research analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and a consensus price target of $32.93.
Shares of Community Bank System (NYSE:CBU) traded up 0.53% on Tuesday, hitting $36.13. 103,927 shares of the company’s stock traded hands. 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 $33.87 and its 200-day moving average is $30.79. The company has a market cap of $1.454 billion and a price-to-earnings ratio of 18.52.
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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