Community Financial System (NYSE:CBU) Downgraded by Wall Street Zen to “Sell”

Community Financial System (NYSE:CBU) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

A number of other equities analysts have also recently weighed in on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Community Financial System in a research note on Monday, December 29th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $66.00 target price (down from $67.00) on shares of Community Financial System in a report on Thursday, October 23rd. Piper Sandler assumed coverage on shares of Community Financial System in a research report on Wednesday, December 3rd. They issued a “neutral” rating and a $62.00 target price on the stock. Finally, Janney Montgomery Scott downgraded shares of Community Financial System from a “buy” rating to a “neutral” rating in a research report on Tuesday. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Community Financial System currently has a consensus rating of “Hold” and a consensus price target of $64.00.

Community Financial System Price Performance

NYSE CBU opened at $61.88 on Friday. Community Financial System has a 1 year low of $49.44 and a 1 year high of $68.11. The business’s fifty day moving average is $58.63 and its two-hundred day moving average is $57.97. The stock has a market capitalization of $3.26 billion, a P/E ratio of 15.95 and a beta of 0.79. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.76 and a current ratio of 0.76.

Community Financial System (NYSE:CBU) last released its quarterly earnings data on Tuesday, October 21st. The bank reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.06. The business had revenue of $206.82 million during the quarter, compared to analyst estimates of $206.85 million. Community Financial System had a return on equity of 11.09% and a net margin of 20.72%.The company’s revenue was up 9.6% compared to the same quarter last year. During the same period last year, the company posted $0.88 EPS. On average, research analysts forecast that Community Financial System will post 4.18 earnings per share for the current fiscal year.

Institutional Trading of Community Financial System

Several institutional investors have recently made changes to their positions in CBU. Trust Co. of Vermont grew its position in Community Financial System by 17.5% during the fourth quarter. Trust Co. of Vermont now owns 10,184 shares of the bank’s stock valued at $585,000 after purchasing an additional 1,515 shares in the last quarter. Alliance Wealth Advisors LLC grew its holdings in shares of Community Financial System by 95.1% during the 4th quarter. Alliance Wealth Advisors LLC now owns 20,825 shares of the bank’s stock valued at $1,196,000 after acquiring an additional 10,150 shares in the last quarter. Ausbil Investment Management Ltd increased its stake in shares of Community Financial System by 72.3% in the fourth quarter. Ausbil Investment Management Ltd now owns 19,446 shares of the bank’s stock worth $1,117,000 after acquiring an additional 8,157 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Community Financial System by 2,430.6% during the fourth quarter. SG Americas Securities LLC now owns 168,892 shares of the bank’s stock worth $9,701,000 after acquiring an additional 162,218 shares in the last quarter. Finally, Fulton Bank N.A. raised its holdings in shares of Community Financial System by 3.3% during the fourth quarter. Fulton Bank N.A. now owns 11,323 shares of the bank’s stock worth $650,000 after acquiring an additional 358 shares in the last quarter. 73.79% of the stock is currently owned by institutional investors and hedge funds.

Community Financial System Company Profile

Community Financial System (NYSE: CBU) is the bank holding company for Community Bank, National Association, a full-service commercial bank headquartered in DeWitt, New York. Through its principal subsidiary, the company offers a range of banking and financial services designed to meet the needs of both consumer and business clients. Its organizational structure centers on community-based banking operations supported by centralized technology, risk management and administrative functions.

The company’s product offerings include deposit accounts, residential and commercial mortgage loans, commercial and consumer lending, treasury and cash management services, and electronic banking.