Shares of Community Bank System, Inc. (NYSE:CBU) have been assigned an average rating of “Hold” from the eight brokerages that are covering the company, Marketbeat reports. Eight research analysts have rated the stock with a hold rating. The average 1 year price target among analysts that have issued a report on the stock in the last year is $57.67.

Several research analysts have recently issued reports on the stock. ValuEngine upgraded shares of Community Bank System from a “hold” rating to a “buy” rating in a report on Tuesday, September 4th. Hovde Group lowered Community Bank System from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 24th. Boenning Scattergood reaffirmed a “hold” rating on shares of Community Bank System in a research note on Monday, July 23rd. Finally, Zacks Investment Research lowered Community Bank System from a “buy” rating to a “hold” rating in a research note on Friday, July 27th.

Shares of Community Bank System stock traded up $0.68 on Friday, hitting $59.49. The stock had a trading volume of 2,918 shares, compared to its average volume of 211,975. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.73 and a current ratio of 0.73. Community Bank System has a one year low of $50.69 and a one year high of $67.07. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of 21.09, a P/E/G ratio of 2.31 and a beta of 1.03.

Community Bank System (NYSE:CBU) last issued its earnings results on Monday, July 23rd. The bank reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.10. Community Bank System had a net margin of 33.19% and a return on equity of 10.03%. The firm had revenue of $143.40 million for the quarter, compared to analysts’ expectations of $143.03 million. During the same quarter last year, the business earned $0.67 earnings per share. The business’s revenue was up 10.9% on a year-over-year basis. As a group, equities research analysts forecast that Community Bank System will post 3.3 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 10th. Investors of record on Friday, September 14th were paid a $0.38 dividend. This is a positive change from Community Bank System’s previous quarterly dividend of $0.34. The ex-dividend date was Thursday, September 13th. This represents a $1.52 dividend on an annualized basis and a yield of 2.56%. Community Bank System’s dividend payout ratio (DPR) is presently 54.48%.

In related news, Director John F. Whipple sold 2,566 shares of the firm’s stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $66.27, for a total value of $170,048.82. Following the completion of the sale, the director now owns 2,835 shares of the company’s stock, valued at $187,875.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.34% of the company’s stock.

A number of institutional investors have recently made changes to their positions in CBU. Wells Fargo & Company MN lifted its position in Community Bank System by 137.9% during the first quarter. Wells Fargo & Company MN now owns 127,567 shares of the bank’s stock valued at $6,832,000 after buying an additional 73,937 shares during the period. Envestnet Asset Management Inc. lifted its position in Community Bank System by 60.2% during the first quarter. Envestnet Asset Management Inc. now owns 2,659 shares of the bank’s stock valued at $144,000 after buying an additional 999 shares during the period. PNC Financial Services Group Inc. lifted its position in Community Bank System by 36.0% during the first quarter. PNC Financial Services Group Inc. now owns 31,639 shares of the bank’s stock valued at $1,695,000 after buying an additional 8,367 shares during the period. Koch Industries Inc. purchased a new position in Community Bank System during the first quarter valued at $272,000. Finally, Principal Financial Group Inc. lifted its position in Community Bank System by 2.8% during the first quarter. Principal Financial Group Inc. now owns 394,541 shares of the bank’s stock valued at $21,131,000 after buying an additional 10,635 shares during the period. 70.62% of the stock is owned by institutional investors and hedge funds.

About Community Bank System

Community Bank System, Inc operates as the bank holding company for Community Bank, N.A. that provides various banking and financial services to retail, commercial, and municipal customers. It operates through three segments: Banking, Employee Benefit Services, and All Other. The company offers various deposits products, such as checking, savings, and money market accounts, as well as time deposits.

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Analyst Recommendations for Community Bank System (NYSE:CBU)

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