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

Community Financial System (NYSE:CBU) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

CBU has been the subject of a number of other reports. Piper Sandler began coverage on shares of Community Financial System in a research report on Wednesday. They issued a “neutral” rating and a $62.00 price objective for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Community Financial System in a research note on Monday, December 1st. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $66.00 price target (down previously from $67.00) on shares of Community Financial System in a report on Thursday, October 23rd. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $64.00.

Community Financial System Stock Up 0.1%

Shares of NYSE:CBU opened at $58.62 on Friday. The company has a market capitalization of $3.09 billion, a price-to-earnings ratio of 15.11 and a beta of 0.79. The company has a 50 day moving average of $56.90 and a two-hundred day moving average of $57.18. Community Financial System has a 52-week low of $49.44 and a 52-week high of $69.69. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.28.

Community Financial System (NYSE:CBU) last posted its earnings results on Tuesday, October 21st. The bank reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.06. The business had revenue of $206.82 million for the quarter, compared to analysts’ expectations of $206.85 million. Community Financial System had a net margin of 20.72% and a return on equity of 11.09%. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.88 earnings per share. As a group, analysts forecast that Community Financial System will post 4.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of CBU. Rise Advisors LLC grew its position in shares of Community Financial System by 48.8% during the first quarter. Rise Advisors LLC now owns 698 shares of the bank’s stock worth $40,000 after acquiring an additional 229 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Community Financial System by 177.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 781 shares of the bank’s stock worth $44,000 after purchasing an additional 499 shares during the last quarter. CWM LLC grew its position in Community Financial System by 56.1% in the 3rd quarter. CWM LLC now owns 899 shares of the bank’s stock worth $53,000 after purchasing an additional 323 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Community Financial System by 841.6% during the second quarter. Farther Finance Advisors LLC now owns 1,403 shares of the bank’s stock valued at $80,000 after buying an additional 1,254 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Community Financial System by 14.9% during the third quarter. Smartleaf Asset Management LLC now owns 1,456 shares of the bank’s stock valued at $86,000 after buying an additional 189 shares during the last quarter. Institutional investors own 73.79% of the company’s stock.

About Community Financial System

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.