Shares of Community Bank System, Inc. (NYSE:CBU) have received a consensus rating of “Hold” from the eight ratings firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $56.75.
Several equities research analysts have recently commented on CBU shares. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $54.00 price objective on shares of Community Bank System in a research note on Friday, October 13th. Zacks Investment Research upgraded shares of Community Bank System from a “hold” rating to a “strong-buy” rating and set a $63.00 price objective for the company in a research note on Tuesday, December 26th. Boenning Scattergood reiterated a “hold” rating on shares of Community Bank System in a research note on Monday, January 22nd. DA Davidson set a $55.00 price objective on shares of Community Bank System and gave the stock a “hold” rating in a research note on Tuesday, October 24th. They noted that the move was a valuation call. Finally, Sandler O’Neill upgraded shares of Community Bank System from a “sell” rating to a “hold” rating in a research note on Thursday, December 21st.
Community Bank System (NYSE CBU) opened at $52.07 on Tuesday. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 0.30. Community Bank System has a 1-year low of $48.89 and a 1-year high of $61.25. The stock has a market cap of $2,750.00, a price-to-earnings ratio of 17.18, a price-to-earnings-growth ratio of 1.81 and a beta of 1.02.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 10th. Stockholders of record on Friday, December 15th were paid a dividend of $0.34 per share. The ex-dividend date was Thursday, December 14th. This represents a $1.36 annualized dividend and a dividend yield of 2.61%. Community Bank System’s payout ratio is currently 44.88%.
In other news, Director R Kallet Michael sold 7,500 shares of Community Bank System stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $56.38, for a total transaction of $422,850.00. Following the completion of the sale, the director now directly owns 4,103 shares in the company, valued at $231,327.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Nicholas A. Dicerbo sold 2,000 shares of Community Bank System stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $56.00, for a total transaction of $112,000.00. Following the sale, the director now owns 184,622 shares of the company’s stock, valued at $10,338,832. The disclosure for this sale can be found here. Insiders have sold 15,440 shares of company stock valued at $862,488 over the last quarter. Insiders own 3.20% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new position in Community Bank System during the third quarter valued at $151,000. CIBC Asset Management Inc acquired a new position in Community Bank System during the third quarter valued at $204,000. Ameritas Investment Partners Inc. lifted its position in Community Bank System by 15.9% during the second quarter. Ameritas Investment Partners Inc. now owns 4,311 shares of the bank’s stock valued at $240,000 after purchasing an additional 592 shares during the period. Shelton Capital Management acquired a new position in Community Bank System during the second quarter valued at $247,000. Finally, Empire Life Investments Inc. lifted its position in Community Bank System by 17.9% during the third quarter. Empire Life Investments Inc. now owns 7,541 shares of the bank’s stock valued at $417,000 after purchasing an additional 1,143 shares during the period. Institutional investors own 69.14% of the company’s stock.
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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