Community Financial System (NYSE:CBU) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Community Financial System from “sell” to “hold.” Other analysts’ ratings leave the stock with a “Moderate Buy” consensus and an average price target of $71.50.
• CBU opened at $64.82, with a $3.41 billion market capitalization and a 52-week range of $53.46 to $71.11. Its latest quarterly results slightly missed expectations, reporting $1.16 in EPS and $218.45 million in revenue, though revenue rose 12% year over year.
• Institutional investors own 73.79% of the company, while insiders own 1.15%; two directors recently sold shares.

Community Financial System (NYSE:CBU - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Monday.

Other research analysts also recently issued research reports about the company. Piper Sandler lifted their price target on Community Financial System from $66.00 to $71.00 and gave the company a "neutral" rating in a report on Monday, August 3rd. Weiss Ratings raised Community Financial System from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, July 2nd. Raymond James Financial restated a "strong-buy" rating and set a $75.00 price objective on shares of Community Financial System in a research report on Thursday, April 30th. Finally, Keefe, Bruyette & Woods lowered their target price on Community Financial System from $70.00 to $68.00 and set a "market perform" rating on the stock in a research note on Thursday, July 30th. One 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $71.50.

Community Financial System Stock Down 0.1%

CBU stock opened at $64.82 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.76 and a quick ratio of 0.77. The firm has a market capitalization of $3.41 billion, a P/E ratio of 15.04 and a beta of 0.78. Community Financial System has a 52-week low of $53.46 and a 52-week high of $71.11. The company's 50 day simple moving average is $65.78 and its 200-day simple moving average is $63.28.

Community Financial System (NYSE:CBU - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The bank reported $1.16 EPS for the quarter, missing analysts' consensus estimates of $1.18 by ($0.02). Community Financial System had a return on equity of 11.47% and a net margin of 21.79%.The firm had revenue of $218.45 million during the quarter, compared to analyst estimates of $221.77 million. During the same period in the prior year, the business posted $1.04 EPS. The company's revenue for the quarter was up 12.0% on a year-over-year basis. As a group, equities research analysts anticipate that Community Financial System will post 4.6 EPS for the current year.

Insider Buying and Selling at Community Financial System

In related news, Director Mark J. Bolus sold 12,191 shares of Community Financial System stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $67.00, for a total transaction of $816,797.00. Following the completion of the sale, the director owned 94,060 shares of the company's stock, valued at approximately $6,302,020. This trade represents a 11.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Eric Stickels sold 2,000 shares of the business's stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $63.98, for a total value of $127,960.00. Following the completion of the transaction, the director owned 31,592 shares in the company, valued at $2,021,256.16. This trade represents a 5.95% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.15% of the company's stock.

Institutional Investors Weigh In On Community Financial System

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake in Community Financial System by 1.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,818,395 shares of the bank's stock valued at $106,647,000 after buying an additional 20,428 shares during the last quarter. Fifth Third Bancorp boosted its holdings in Community Financial System by 7,231.2% during the first quarter. Fifth Third Bancorp now owns 16,422 shares of the bank's stock valued at $963,000 after acquiring an additional 16,198 shares during the period. Sei Investments Co. grew its position in shares of Community Financial System by 94.0% in the first quarter. Sei Investments Co. now owns 54,224 shares of the bank's stock valued at $3,180,000 after purchasing an additional 26,269 shares during the last quarter. Deprince Race & Zollo Inc. increased its stake in shares of Community Financial System by 11.1% in the first quarter. Deprince Race & Zollo Inc. now owns 530,874 shares of the bank's stock worth $31,136,000 after purchasing an additional 53,191 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Community Financial System by 10,989.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 200,049 shares of the bank's stock worth $11,491,000 after purchasing an additional 198,245 shares during the last quarter. 73.79% of the stock is owned by hedge funds and other institutional investors.

Community Financial System Company Profile

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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