Zacks Investment Research upgraded shares of Community Bank System, Inc. (NYSE:CBU) from a hold rating to a strong-buy rating in a research report sent to investors on Tuesday. They currently have $58.00 target price on the bank’s stock.

According to Zacks, “Community Bank System, Inc. is a bank holding company. “

CBU has been the subject of a number of other reports. BidaskClub lowered Community Bank System from a hold rating to a sell rating in a research note on Saturday, June 24th. Royal Bank Of Canada raised their target price on 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. Finally, Piper Jaffray Companies restated a hold rating and issued a $51.00 target price on shares of Community Bank System in a research note on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a strong buy rating to the company. The stock has an average rating of Hold and a consensus target price of $54.80.

Shares of Community Bank System (NYSE CBU) opened at 51.84 on Tuesday. Community Bank System has a 1-year low of $42.67 and a 1-year high of $63.04. The firm’s 50-day moving average is $52.84 and its 200 day moving average is $54.96. The company has a market cap of $2.62 billion, a price-to-earnings ratio of 24.79 and a beta of 1.09.

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 Zacks’ consensus estimate of $0.60 by $0.13. Community Bank System had a return on equity of 9.04% and a net margin of 20.63%. The company had revenue of $129.26 million during the quarter, compared to analyst estimates of $127.00 million. During the same period last year, the company posted $0.58 earnings per share. The firm’s quarterly revenue was up 20.7% compared to the same quarter last year. Equities analysts expect that Community Bank System will post $2.57 EPS for the current fiscal year.

WARNING: This report was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international copyright and trademark law. The original version of this report can be accessed at https://www.thecerbatgem.com/2017/09/13/community-bank-system-inc-cbu-upgraded-to-strong-buy-by-zacks-investment-research.html.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 10th. Stockholders of record on Friday, September 15th will be paid a $0.34 dividend. The ex-dividend date is Thursday, September 14th. This is a positive change from Community Bank System’s previous quarterly dividend of $0.32. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.62%. Community Bank System’s dividend payout ratio (DPR) is 60.38%.

In other news, Director Nicholas A. Dicerbo sold 3,000 shares of the firm’s stock in a transaction on Thursday, June 29th. The stock was sold at an average price of $56.03, for a total value of $168,090.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.20% of the company’s stock.

A number of institutional investors have recently bought and sold shares of CBU. Bank of Montreal Can boosted its holdings in Community Bank System by 0.6% in the first quarter. Bank of Montreal Can now owns 4,182 shares of the bank’s stock valued at $230,000 after acquiring an additional 25 shares during the last quarter. Glen Harbor Capital Management LLC bought a new position in Community Bank System in the first quarter valued at about $153,000. Great West Life Assurance Co. Can boosted its holdings in Community Bank System by 6.6% in the first quarter. Great West Life Assurance Co. Can now owns 62,980 shares of the bank’s stock valued at $3,460,000 after acquiring an additional 3,886 shares during the last quarter. First Trust Advisors LP boosted its holdings in Community Bank System by 50.2% in the first quarter. First Trust Advisors LP now owns 34,075 shares of the bank’s stock valued at $1,873,000 after acquiring an additional 11,393 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in Community Bank System by 84.6% in the first quarter. Advisors Asset Management Inc. now owns 15,444 shares of the bank’s stock valued at $849,000 after acquiring an additional 7,080 shares during the last quarter. Institutional investors and hedge funds own 69.22% of the company’s stock.

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)

Receive News & Stock Ratings for Community Bank System Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Community Bank System Inc. and related stocks with our FREE daily email newsletter.