Community Financial System, Inc. (NYSE:CBU) Stock Has Average Target Price of $69.25

Shares of Community Financial System, Inc. (NYSE:CBU) have been given an average rating of “Moderate Buy” by the six analysts that are presently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $69.25.

CBU has been the subject of a number of recent research reports. Piper Sandler decreased their price target on shares of Community Financial System from $71.00 to $65.00 and set a “neutral” rating for the company in a research note on Tuesday, October 6th. Keefe, Bruyette & Woods dropped their price objective on shares of Community Financial System from $70.00 to $68.00 and set a “market perform” rating on the stock in a research report on Thursday, July 30th. Wall Street Zen upgraded shares of Community Financial System from a “sell” rating to a “hold” rating in a report on Monday, August 10th. DA Davidson decreased their price objective on shares of Community Financial System from $70.00 to $69.00 and set a “neutral” rating for the company in a research report on Monday, October 12th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Community Financial System in a research report on Tuesday, September 29th.

Community Financial System Stock Performance

Shares of CBU opened at $65.89 on Monday. The stock has a 50-day simple moving average of $61.64 and a 200-day simple moving average of $62.91. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.77 and a current ratio of 0.77. The stock has a market capitalization of $3.47 billion, a PE ratio of 14.08 and a beta of 0.75. Community Financial System has a 1 year low of $53.46 and a 1 year high of $71.11.

Community Financial System (NYSE:CBU) last announced its quarterly earnings data on Tuesday, October 27th. The bank reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.08. Community Financial System had a return on equity of 11.78% and a net margin of 22.05%. The business had revenue of $230.21 million during the quarter, compared to the consensus estimate of $227.15 million. During the same period in the previous year, the company posted $1.09 earnings per share. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, analysts predict that Community Financial System will post 4.60 earnings per share for the current fiscal year.

Community Financial System Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 11th. Shareholders of record on Tuesday, December 15th will be paid a $0.49 dividend. The ex-dividend date is Tuesday, December 15th. This represents a $1.96 dividend on an annualized basis and a yield of 3.0%. Community Financial System’s dividend payout ratio (DPR) is currently 44.24%.

Insider Transactions at Community Financial System

In other Community Financial System news, Director Brenda M. Hall purchased 476 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was bought at an average cost of $63.59 per share, with a total value of $30,268.84. Following the acquisition, the director directly owned 515 shares of the company’s stock, valued at approximately $32,748.85. This represents a 1,220.51% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.15% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in shares of Community Financial System during the 2nd quarter worth approximately $507,210,000. Bank of New York Mellon Corp purchased a new stake in Community Financial System in the second quarter valued at approximately $36,523,000. Basswood Capital Management L.L.C. purchased a new stake in Community Financial System in the second quarter valued at approximately $21,547,000. NFJ Investment Group LLC acquired a new stake in shares of Community Financial System in the second quarter valued at approximately $17,456,000. Finally, Bank of America Corp DE acquired a new stake in shares of Community Financial System in the second quarter valued at approximately $16,576,000. Hedge funds and other institutional investors own 73.79% of the company’s stock.

Community Financial System Company Profile

Community Financial System, Inc (NYSE: CBU) is a diversified financial services company headquartered in DeWitt, New York. Formerly known as Community Bank System, Inc, the company traces its banking history to 1866 and operates through Community Bank, N.A., along with other financial services businesses.

Its banking operations provide consumer and commercial deposit accounts, residential and commercial lending, agricultural financing, municipal banking, cash management, and other financial products.