Community Bank System, Inc. (NYSE:CBU) was upgraded by research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued to investors on Friday.

CBU has been the topic of several other research reports. Royal Bank Of Canada increased their target price on shares of Community Bank System from $41.00 to $56.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 16th. Piper Jaffray Companies reissued a “hold” rating and issued a $51.00 target price on shares of Community Bank System in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Community Bank System currently has a consensus rating of “Hold” and an average target price of $53.60.

Shares of Community Bank System (CBU) traded up 1.35% during midday trading on Friday, reaching $55.60. 87,065 shares of the company’s stock were exchanged. The stock has a market cap of $2.81 billion, a PE ratio of 26.60 and a beta of 1.07. Community Bank System has a 12-month low of $42.67 and a 12-month high of $63.04. The stock’s 50 day moving average is $55.58 and its 200-day moving average is $56.35.

Community Bank System (NYSE:CBU) last announced its earnings results on Monday, July 31st. The bank reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.13. Community Bank System had a net margin of 20.63% and a return on equity of 9.04%. The business had revenue of $129.26 million for the quarter, compared to the consensus estimate of $127 million. During the same quarter in the prior year, the firm posted $0.58 earnings per share. The business’s revenue for the quarter was up 20.7% on a year-over-year basis. On average, equities analysts expect that Community Bank System will post $2.56 EPS for the current year.

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In related news, Director Edward S. Mucenski sold 3,000 shares of the firm’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $57.96, for a total value of $173,880.00. Following the transaction, the director now owns 3,186 shares of the company’s stock, valued at approximately $184,660.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.20% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. State Board of Administration of Florida Retirement System increased its position in Community Bank System by 15.0% in the second quarter. State Board of Administration of Florida Retirement System now owns 40,059 shares of the bank’s stock valued at $2,234,000 after buying an additional 5,226 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in Community Bank System by 66.8% in the second quarter. BNP Paribas Arbitrage SA now owns 15,358 shares of the bank’s stock valued at $857,000 after buying an additional 6,152 shares in the last quarter. Comerica Bank increased its position in Community Bank System by 4.6% in the second quarter. Comerica Bank now owns 51,559 shares of the bank’s stock valued at $2,812,000 after buying an additional 2,254 shares in the last quarter. Community Bank N.A. increased its position in Community Bank System by 136.3% in the second quarter. Community Bank N.A. now owns 30,728 shares of the bank’s stock valued at $1,727,000 after buying an additional 17,726 shares in the last quarter. Finally, Legal & General Group Plc increased its position in Community Bank System by 21.5% in the second quarter. Legal & General Group Plc now owns 94,795 shares of the bank’s stock valued at $5,288,000 after buying an additional 16,763 shares in the last quarter. 70.64% of the stock is currently owned by institutional investors.

Community Bank System Company Profile

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.

Analyst Recommendations for Community Bank System (NYSE:CBU)

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