Community Financial System (NYSE:CBU) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Community Financial System, Inc. (NYSE:CBU)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $62.37 and traded as high as $67.77. Community Financial System shares last traded at $67.6510, with a volume of 303,727 shares trading hands.

Analyst Ratings Changes

CBU has been the subject of several research analyst reports. Raymond James Financial restated a “strong-buy” rating and set a $75.00 price target on shares of Community Financial System in a research note on Thursday, April 30th. Wall Street Zen downgraded Community Financial System from a “hold” rating to a “sell” rating in a research note on Saturday, July 4th. Weiss Ratings raised Community Financial System from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, July 2nd. Finally, Piper Sandler raised their target price on Community Financial System from $62.00 to $66.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $69.75.

Community Financial System Stock Up 1.3%

The firm has a market capitalization of $3.56 billion, a P/E ratio of 16.42 and a beta of 0.77. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.77 and a current ratio of 0.77. The stock has a 50 day moving average of $64.42 and a 200-day moving average of $62.37.

Community Financial System (NYSE:CBU) last issued its earnings results on Wednesday, April 29th. The bank reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.05. The firm had revenue of $213.69 million during the quarter, compared to analyst estimates of $216.36 million. Community Financial System had a net margin of 21.26% and a return on equity of 11.24%. The company’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the business earned $0.98 earnings per share. Research analysts predict that Community Financial System, Inc. will post 4.7 earnings per share for the current fiscal year.

Community Financial System Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 15th were paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Monday, June 15th. Community Financial System’s dividend payout ratio is presently 45.63%.

Insider Activity at Community Financial System

In related news, Director Mark J. Bolus sold 12,191 shares of Community Financial System stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $67.00, for a total value of $816,797.00. Following the completion of the transaction, the director directly owned 94,060 shares in the company, valued at approximately $6,302,020. The trade was a 11.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Eric Stickels sold 2,000 shares of the business’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $63.98, for a total transaction of $127,960.00. Following the sale, the director directly owned 31,592 shares in the company, valued at $2,021,256.16. The trade was a 5.95% decrease in their position. The SEC filing for this sale provides additional information. 1.15% of the stock is currently owned by company insiders.

Institutional Trading of Community Financial System

Hedge funds and other institutional investors have recently made changes to their positions in the stock. IFP Advisors Inc raised its stake in shares of Community Financial System by 507.0% during the 4th quarter. IFP Advisors Inc now owns 522 shares of the bank’s stock valued at $30,000 after purchasing an additional 436 shares during the period. GAMMA Investing LLC boosted its stake in Community Financial System by 38.4% in the 2nd quarter. GAMMA Investing LLC now owns 541 shares of the bank’s stock worth $36,000 after purchasing an additional 150 shares during the period. EverSource Wealth Advisors LLC boosted its stake in Community Financial System by 177.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 781 shares of the bank’s stock worth $44,000 after purchasing an additional 499 shares during the period. Lipe & Dalton purchased a new position in Community Financial System during the 4th quarter valued at about $52,000. Finally, Strs Ohio purchased a new position in Community Financial System during the 1st quarter valued at about $102,000. 73.79% of the stock is currently owned by institutional investors.

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.