Community Bank System Inc. Reaches New 12-Month High at $37.07 (CBU)
Community Bank System (NYSE:CBU)’s share price reached a new 52-week high during trading hours on Monday, American Banking & Market News reports. The company traded as high as $37.07 and last traded at $36.94, with a volume of 103,744 shares traded. The stock had previously closed at $36.78.
A number of research firms have recently commented on CBU. Analysts at RBC Capital raised their price target on shares of Community Bank System from $34.00 to $36.00 in a research note to investors on Thursday. They now have a “sector perform” rating on the stock. Separately, analysts at Raymond James raised their price target on shares of Community Bank System from $34.00 to $38.00 in a research note to investors on Thursday. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of Community Bank System from $34.00 to $35.00 in a research note to investors on Thursday. Four investment analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and an average target price of $35.54.
In other Community Bank System news, Director John Parente sold 3,850 shares of the company’s stock on the open market in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $36.72, for a total transaction of $141,372.00. The sale was disclosed in a document filed with the SEC, which is available at this link.
Community Bank System has a 52 week low of $25.50 and a 52 week 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 $1.495 billion and a price-to-earnings ratio of 18.11.
Community Bank System (NYSE:CBU) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $0.54 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.52 by $0.02. During the same quarter in the prior year, the company posted $0.54 earnings per share. Analysts expect that Community Bank System will post $2.08 EPS 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.