Community Financial System (NYSE:CBU) Cut to Sell at Wall Street Zen

Key Points

• Community Financial System (NYSE:CBU) has been downgraded from a "hold" to a "sell" rating by Wall Street Zen, indicating a significant negative outlook on the stock's performance.
• Keefe, Bruyette & Woods reduced their price target on CBU shares from $69.00 to $67.00, also labeling the stock as a "market perform."
• In its latest earnings report, the company posted $0.97 earnings per share, falling short of analysts' expectations and showing an annual revenue increase of 8.4%.

Community Financial System (NYSE:CBU - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued to investors on Saturday.

Separately, Keefe, Bruyette & Woods dropped their price objective on shares of Community Financial System from $69.00 to $67.00 and set a "market perform" rating on the stock in a report on Wednesday, July 23rd.

Community Financial System Stock Performance

CBU stock opened at $51.35 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.76 and a quick ratio of 0.76. Community Financial System has a 1 year low of $49.44 and a 1 year high of $73.39. The company has a market cap of $2.71 billion, a P/E ratio of 13.99 and a beta of 0.78. The stock's fifty day moving average price is $56.44 and its 200-day moving average price is $58.17.

Community Financial System (NYSE:CBU - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The bank reported $0.97 earnings per share for the quarter, missing analysts' consensus estimates of $1.03 by ($0.06). The firm had revenue of $199.30 million during the quarter, compared to the consensus estimate of $201.93 million. Community Financial System had a net margin of 19.91% and a return on equity of 10.71%. The firm's revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.95 EPS. On average, equities analysts forecast that Community Financial System will post 4.18 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Principal Financial Group Inc. increased its holdings in Community Financial System by 2.9% in the 1st quarter. Principal Financial Group Inc. now owns 262,245 shares of the bank's stock worth $14,911,000 after acquiring an additional 7,376 shares in the last quarter. Teacher Retirement System of Texas boosted its position in shares of Community Financial System by 7.4% in the first quarter. Teacher Retirement System of Texas now owns 26,478 shares of the bank's stock worth $1,506,000 after purchasing an additional 1,823 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Community Financial System by 11.7% in the first quarter. Envestnet Asset Management Inc. now owns 83,987 shares of the bank's stock worth $4,775,000 after purchasing an additional 8,810 shares in the last quarter. KBC Group NV raised its position in shares of Community Financial System by 19.8% during the 1st quarter. KBC Group NV now owns 2,798 shares of the bank's stock valued at $159,000 after purchasing an additional 463 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of Community Financial System during the 4th quarter valued at $687,000. Institutional investors own 73.79% of the company's stock.

Community Financial 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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