Community Bank System (NYSE:CBU) Downgraded to "Sell" Rating by StockNews.com

Community Bank System (NYSE:CBU - Get Free Report) was downgraded by equities researchers at StockNews.com from a "hold" rating to a "sell" rating in a research note issued to investors on Thursday.

Separately, Keefe, Bruyette & Woods upped their price target on Community Bank System from $74.00 to $76.00 and gave the company a "market perform" rating in a research note on Wednesday, January 22nd.

Community Bank System Trading Up 0.1 %

Shares of CBU opened at $55.92 on Thursday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.42. The firm has a 50-day moving average price of $55.75 and a 200 day moving average price of $61.64. Community Bank System has a 12-month low of $42.16 and a 12-month high of $73.39. The firm has a market capitalization of $2.95 billion, a P/E ratio of 16.26 and a beta of 0.77.

Community Bank System (NYSE:CBU - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The bank reported $0.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.91 by $0.02. Community Bank System had a net margin of 19.40% and a return on equity of 10.94%. The business had revenue of $196.20 million during the quarter, compared to the consensus estimate of $197.13 million. During the same quarter last year, the firm earned $1.18 EPS. The business's revenue was up 10.7% compared to the same quarter last year. Sell-side analysts forecast that Community Bank System will post 4.18 EPS for the current year.

Institutional Investors Weigh In On Community Bank System

Institutional investors have recently modified their holdings of the company. Federated Hermes Inc. increased its stake in Community Bank System by 12.9% during the fourth quarter. Federated Hermes Inc. now owns 831,387 shares of the bank's stock worth $51,280,000 after purchasing an additional 94,850 shares during the period. Northern Trust Corp grew its holdings in shares of Community Bank System by 27.3% in the fourth quarter. Northern Trust Corp now owns 677,841 shares of the bank's stock valued at $41,809,000 after purchasing an additional 145,172 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Community Bank System by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 661,317 shares of the bank's stock worth $40,790,000 after buying an additional 8,326 shares during the period. Bank of New York Mellon Corp lifted its holdings in Community Bank System by 6.4% during the 4th quarter. Bank of New York Mellon Corp now owns 565,920 shares of the bank's stock worth $34,906,000 after buying an additional 34,143 shares in the last quarter. Finally, Norges Bank purchased a new position in Community Bank System in the 4th quarter valued at approximately $34,779,000. 73.79% 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 other financial services to retail, commercial, institutional, and municipal customers. It operates through three segments: Banking, Employee Benefit Services, and All Other. The company offers various deposits products, such as interest and noninterest -bearing checking, savings, and money market deposit accounts, as well as time deposits.

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