Community Bank System, Inc. (NYSE:CBU) has earned an average rating of “Hold” from the six ratings firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $55.00.

A number of equities analysts have recently weighed in on the company. BidaskClub downgraded Community Bank System from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th. Royal Bank Of Canada boosted their target price on Community Bank System from $41.00 to $56.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 16th.

Shares of Community Bank System (NYSE CBU) traded down 0.11% during midday trading on Friday, hitting $54.52. The company’s stock had a trading volume of 60,750 shares. The company has a market cap of $2.51 billion, a P/E ratio of 23.31 and a beta of 1.08. The company has a 50-day moving average price of $55.76 and a 200 day moving average price of $56.70. Community Bank System has a 1-year low of $42.11 and a 1-year high of $63.04.

Community Bank System (NYSE:CBU) last announced its earnings results on Monday, April 24th. The bank reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.07. Community Bank System had a return on equity of 8.84% and a net margin of 23.62%. The firm had revenue of $111.60 million for the quarter, compared to the consensus estimate of $109.43 million. During the same quarter in the previous year, the business earned $0.55 EPS. The company’s revenue was up 6.1% compared to the same quarter last year. On average, equities research analysts predict that Community Bank System will post $2.46 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 10th. Investors of record on Thursday, June 15th were paid a $0.32 dividend. The ex-dividend date was Tuesday, June 13th. This represents a $1.28 annualized dividend and a yield of 2.35%. Community Bank System’s payout ratio is 54.47%.

In related news, Director Nicholas A. Dicerbo sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, June 29th. The stock was sold at an average price of $56.03, for a total value of $168,090.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 3.20% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the stock. Franklin Resources Inc. purchased a new position in Community Bank System during the fourth quarter valued at approximately $247,000. AQR Capital Management LLC increased its position in Community Bank System by 12.3% in the fourth quarter. AQR Capital Management LLC now owns 18,153 shares of the bank’s stock valued at $1,122,000 after buying an additional 1,989 shares during the last quarter. Norges Bank purchased a new position in Community Bank System during the fourth quarter valued at approximately $17,383,000. Quadrature Capital Ltd purchased a new position in Community Bank System during the fourth quarter valued at approximately $203,000. Finally, Teachers Advisors LLC increased its position in Community Bank System by 2.1% in the fourth quarter. Teachers Advisors LLC now owns 84,048 shares of the bank’s stock valued at $5,193,000 after buying an additional 1,748 shares during the last quarter. Institutional investors and hedge funds own 70.55% of the company’s stock.

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About Community Bank System

Community Bank System, Inc is a bank holding company. The Company owns two subsidiaries: Community Bank, N.A. (CBNA or the Bank) and Benefit Plans Administrative Services, Inc (BPAS). It operates in three segments: banking, employee benefit services, and All Other. The Banking segment provides lending and depository-related products and services to individuals, businesses and municipal enterprises.

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