Community Bank System (NYSE:CBU) Upgraded by StockNews.com to "Hold" Rating

Community Bank System (NYSE:CBU - Get Free Report) was upgraded by stock analysts at StockNews.com from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Friday.

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

Community Bank System Stock Up 0.7%

Shares of NYSE CBU opened at $57.95 on Friday. Community Bank System has a 12-month low of $42.16 and a 12-month high of $73.39. The firm's 50-day simple moving average is $55.44 and its 200 day simple moving average is $61.60. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.42. The company has a market cap of $3.06 billion, a price-to-earnings ratio of 16.85 and a beta of 0.77.

Community Bank System (NYSE:CBU - Get Free Report) last announced its earnings results on Tuesday, April 29th. The bank reported $0.93 earnings per share 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 company had revenue of $196.20 million during the quarter, compared to the consensus estimate of $197.13 million. During the same period in the previous year, the firm posted $1.18 earnings per share. The company's revenue was up 10.7% on a year-over-year basis. On average, research analysts expect that Community Bank System will post 4.18 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Community Bank System

Several institutional investors have recently modified their holdings of CBU. Barclays PLC boosted its stake in Community Bank System by 99.0% in the third quarter. Barclays PLC now owns 109,647 shares of the bank's stock valued at $6,367,000 after acquiring an additional 54,554 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Community Bank System by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 254,869 shares of the bank's stock worth $15,720,000 after purchasing an additional 7,160 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Community Bank System during the fourth quarter worth $687,000. Sei Investments Co. increased its holdings in Community Bank System by 264.8% in the fourth quarter. Sei Investments Co. now owns 33,239 shares of the bank's stock valued at $2,050,000 after purchasing an additional 24,127 shares during the last quarter. Finally, Norges Bank bought a new stake in Community Bank System in the fourth quarter valued at about $34,779,000. Institutional investors and hedge funds own 73.79% of the company's stock.

Community Bank System Company Profile

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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