Price Don’t Lie: Community Bank System, Inc. Just Reaches All-Time High?

Price Don't Lie: Community Bank System, Inc. Just Reaches All Time High?

The stock of Community Bank System, Inc. (NYSE:CBU) reached all time high today, Sep, 30 and still has $71.88 target or 49.00% above today’s $48.24 share price. This indicates more upside for the $2.11 billion company. This technical setup was reported by Barchart.com. If the $71.88 PT is reached, the company will be worth $1.03 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 84,911 shares traded hands. Community Bank System, Inc. (NYSE:CBU) has risen 25.95% since February 26, 2016 and is uptrending. It has outperformed by 15.53% the S&P500.

Analysts await Community Bank System, Inc. (NYSE:CBU) to report earnings on October, 27. They expect $0.60 EPS, down 1.64% or $0.01 from last year’s $0.61 per share. CBU’s profit will be $26.24M for 20.10 P/E if the $0.60 EPS becomes a reality. After $0.58 actual EPS reported by Community Bank System, Inc. for the previous quarter, Wall Street now forecasts 3.45% EPS growth.

Community Bank System, Inc. (NYSE:CBU) Ratings Coverage

Out of 6 analysts covering Community Bank Systems (NYSE:CBU), 0 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 0 are positive. Community Bank Systems has been the topic of 9 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The company was downgraded on Tuesday, September 22 by Zacks. The company was maintained on Tuesday, December 8 by RBC Capital Markets. The stock of Community Bank System, Inc. (NYSE:CBU) has “Sector Perform” rating given on Friday, January 22 by RBC Capital Markets. The firm earned “Neutral” rating on Thursday, January 7 by Piper Jaffray. The stock of Community Bank System, Inc. (NYSE:CBU) has “Buy” rating given on Friday, January 22 by Sandler O’Neill. As per Friday, July 22, the company rating was downgraded by Sandler O’Neill.

According to Zacks Investment Research, “Community Bank System, Inc. is a bank holding company.”

Insitutional Activity: The institutional sentiment decreased to 1.29 in Q2 2016. Its down 0.10, from 1.39 in 2016Q1. The ratio turned negative, as 11 funds sold all Community Bank System, Inc. shares owned while 40 reduced positions. 7 funds bought stakes while 59 increased positions. They now own 27.86 million shares or 1.20% less from 28.19 million shares in 2016Q1.
Moreover, Teachers has 0.01% invested in Community Bank System, Inc. (NYSE:CBU) for 77,518 shares. Swiss National Bank has 72,700 shares for 0% of their US portfolio. Moreover, Alliancebernstein L P has 0% invested in Community Bank System, Inc. (NYSE:CBU) for 64,297 shares. Macquarie Group accumulated 1.50 million shares or 0.12% of the stock. Hamel Assoc Inc has 93,270 shares for 1.99% of their US portfolio. Earnest Partners Ltd Liability Com has 425 shares for 0% of their US portfolio. Capstone Asset Mngmt Co has 0.02% invested in the company for 13,310 shares. Schwab Charles Invest Management has 0.01% invested in the company for 170,054 shares. Moreover, Tiaa Cref Inv Management Ltd has 0% invested in Community Bank System, Inc. (NYSE:CBU) for 135,201 shares. Community Bank & Trust Na has 0.18% invested in the company for 18,225 shares. Moreover, Manufacturers Life Insurance Company The has 0% invested in Community Bank System, Inc. (NYSE:CBU) for 67,685 shares. Neuberger Berman Grp Incorporated Limited Company owns 1.81 million shares or 0.1% of their US portfolio. Raymond James, a Florida-based fund reported 19,999 shares. Citigroup accumulated 26,191 shares or 0% of the stock. Voya Inv Mgmt Lc has 0% invested in the company for 18,904 shares.

Insider Transactions: Since April 29, 2016, the stock had 0 insider buys, and 4 selling transactions for $740,830 net activity. 3,817 shares with value of $165,658 were sold by ACE BRIAN R on Tuesday, July 26. $78,433 worth of shares were sold by DICERBO NICHOLAS A on Thursday, May 26. 8,084 shares were sold by DONAHUE BRIAN D, worth $321,339 on Friday, April 29.

More news for Community Bank System, Inc. (NYSE:CBU) were recently published by: Businesswire.com, which released: “Community Bank System, Inc. Completes Merger with Oneida Financial Corp.” on December 07, 2015. Businesswire.com‘s article titled: “Community Bank System Reports Second Quarter 2016 Results” and published on July 20, 2016 is yet another important article.

CBU Company Profile

Community Bank System, Inc., incorporated on April 15, 1983, is a bank holding company. The Firm owns two subsidiaries: Community Bank, N.A. (CBNA or the Bank) and Benefit Plans Administrative Services, Inc. (BPAS). The Firm operates in three divisions: banking, employee benefit services, and All Other. Included in the All Other segment are the smaller Wealth Management and Insurance divisions. BPAS owns four subsidiaries: Benefit Plans Administrative Services, LLC (BPA), a well-known provider of defined contribution plan administration services; BPAS Actuarial & Pension Services, LLC (BPAS-APS), a well-known provider of actuarial and benefit consulting services; BPAS Trust Company of Puerto Rico, a Puerto Rican trust company; and Hand Benefits & Trust Company (HB&T), a well-known provider of collective investment fund administration and institutional trust services. HB&T owns one subsidiary, Hand Securities, Inc. (HSI), an introducing broker dealer. The Firm also owns two unconsolidated subsidiary business trusts formed for the purpose of issuing mandatorily-redeemable preferred securities, which are considered Tier I capital under regulatory capital adequacy guidelines.

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