Community Financial System (NYSE:CBU) Stock Price Passes Above 200-Day Moving Average - What's Next?

Key Points

• Technical breakout: Community Financial System (NYSE:CBU) passed above its 200-day moving average (200-day = $60.00), trading as high as $64.36 and last at $63.95 on volume of 152,608 shares.
• Analyst sentiment is mixed but leaning positive — the stock has an average rating of "Moderate Buy" with a consensus price target of $69.75, and recent analyst targets range roughly $66 to $75.
• Recent fundamentals and shareholder returns: CBU beat EPS estimates ($1.15 vs. $1.10) with revenue up 8.7% year-over-year, and it declared a $0.47 quarterly dividend (annualized $1.88, yield ~2.9%, payout ratio ~45.6%).

Community Financial System, Inc. (NYSE:CBU - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $60.00 and traded as high as $64.36. Community Financial System shares last traded at $63.9530, with a volume of 152,608 shares.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CBU shares. Wall Street Zen upgraded Community Financial System from a "sell" rating to a "hold" rating in a report on Saturday, March 21st. Raymond James Financial reiterated a "strong-buy" rating and issued a $75.00 price target on shares of Community Financial System in a report on Thursday, April 30th. Janney Montgomery Scott downgraded Community Financial System from a "buy" rating to a "neutral" rating in a report on Tuesday, January 13th. DA Davidson started coverage on Community Financial System in a report on Wednesday, February 25th. They issued a "neutral" rating and a $72.00 price target on the stock. Finally, Piper Sandler increased their price objective on Community Financial System from $62.00 to $66.00 and gave the stock a "neutral" rating in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Community Financial System presently has an average rating of "Moderate Buy" and a consensus price target of $69.75.

Community Financial System Stock Performance

The company has a market cap of $3.36 billion, a P/E ratio of 15.52 and a beta of 0.78. The firm has a 50 day moving average of $60.35 and a 200-day moving average of $60.00. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.22.

Community Financial System (NYSE:CBU - Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The bank reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.05. Community Financial System had a return on equity of 11.24% and a net margin of 21.26%.The company had revenue of $213.69 million for the quarter, compared to analysts' expectations of $216.36 million. During the same quarter in the prior year, the firm earned $0.98 earnings per share. Community Financial System's revenue was up 8.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Community Financial System, Inc. will post 4.71 EPS for the current fiscal year.

Community Financial System Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Monday, June 15th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.88 annualized dividend and a yield of 2.9%. Community Financial System's dividend payout ratio is 45.63%.

Institutional Trading of Community Financial System

Hedge funds and other institutional investors have recently bought and sold shares of the stock. IFP Advisors Inc boosted its position in Community Financial System by 507.0% during the 4th quarter. IFP Advisors Inc now owns 522 shares of the bank's stock valued at $30,000 after acquiring an additional 436 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Community Financial System by 177.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 781 shares of the bank's stock valued at $44,000 after acquiring an additional 499 shares in the last quarter. Lipe & Dalton bought a new stake in Community Financial System during the 4th quarter valued at $52,000. CWM LLC boosted its position in Community Financial System by 56.1% during the 3rd quarter. CWM LLC now owns 899 shares of the bank's stock valued at $53,000 after acquiring an additional 323 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in Community Financial System by 14.9% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,456 shares of the bank's stock valued at $86,000 after acquiring an additional 189 shares in the last quarter. Institutional investors own 73.79% of the company's stock.

About Community Financial System

Community Financial System NYSE: CBU is the bank holding company for Community Bank, National Association, a full-service commercial bank headquartered in DeWitt, New York. Through its principal subsidiary, the company offers a range of banking and financial services designed to meet the needs of both consumer and business clients. Its organizational structure centers on community-based banking operations supported by centralized technology, risk management and administrative functions.

The company's product offerings include deposit accounts, residential and commercial mortgage loans, commercial and consumer lending, treasury and cash management services, and electronic banking.

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