The stock of Community Bank System, Inc. (NYSE:CBU) reached all time high today, Oct, 10 and still has $71.04 target or 46.00% above today’s $48.66 share price. This indicates more upside for the $2.14 billion company. This technical setup was reported by Barchart.com. If the $71.04 PT is reached, the company will be worth $984.40 million 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 49,045 shares traded hands. Community Bank System, Inc. (NYSE:CBU) has risen 22.13% since March 7, 2016 and is uptrending. It has outperformed by 14.53% 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 $26.39M for 20.28 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 stock of Community Bank System, Inc. (NYSE:CBU) has “Neutral” rating given on Thursday, January 7 by Piper Jaffray. The rating was downgraded by Sandler O’Neill to “Hold” on Friday, July 22. The rating was maintained by RBC Capital Markets with “Sector Perform” on Tuesday, December 8. The firm has “Hold” rating by Zacks given on Tuesday, September 22. On Friday, January 22 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The stock has “Buy” rating given by Sandler O’Neill on Friday, January 22.
According to Zacks Investment Research, “Community Bank System, Inc. is a bank holding company.”
Insitutional Activity: The institutional sentiment decreased to 1.29 in 2016 Q2. Its down 0.10, from 1.39 in 2016Q1. The ratio fall, 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.
Macquarie Gru Ltd, a Australia-based fund reported 1.50 million shares. Asset Management Inc accumulated 0% or 113 shares. Barclays Pcl reported 74 shares or 0% of all its holdings. The New York-based Qci Asset Management Ny has invested 0.02% in Community Bank System, Inc. (NYSE:CBU). First Advsr Limited Partnership has 0% invested in the company for 15,406 shares. Janney Montgomery Scott Limited Liability accumulated 0.02% or 33,880 shares. Neuberger Berman Limited Company holds 0.1% or 1.81M shares in its portfolio. Community Services Group Llc has 2.8% invested in the company for 138,137 shares. Proshare Advsr Llc holds 0.03% of its portfolio in Community Bank System, Inc. (NYSE:CBU) for 51,745 shares. New York State Common Retirement Fund has 0% invested in the company for 44,300 shares. Citizens And Northern holds 0.17% of its portfolio in Community Bank System, Inc. (NYSE:CBU) for 5,216 shares. Community State Bank Na holds 0.18% of its portfolio in Community Bank System, Inc. (NYSE:CBU) for 18,225 shares. Price T Rowe Assocs Md, a Maryland-based fund reported 14,440 shares. California Public Employees Retirement Sys, a California-based fund reported 65,120 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% or 1,012 shares in its portfolio.
Insider Transactions: Since April 29, 2016, the stock had 0 insider purchases, and 4 sales for $740,830 net activity. Shares for $78,433 were sold by DICERBO NICHOLAS A on Thursday, May 26. ACE BRIAN R also sold $165,658 worth of Community Bank System, Inc. (NYSE:CBU) shares. DONAHUE BRIAN D also sold $321,339 worth of Community Bank System, Inc. (NYSE:CBU) shares.
More recent Community Bank System, Inc. (NYSE:CBU) news were published by: Businesswire.com which released: “Community Bank System, Inc. Completes Merger with Oneida Financial Corp.” on December 07, 2015. Also Businesswire.com published the news titled: “Community Bank System, Inc. Announces Results of Allocation and Proration of …” on December 09, 2015. Businesswire.com‘s news article titled: “Community Bank System, Inc. and Oneida Financial Corp. Announce Receipt of OCC …” with publication date: November 18, 2015 was also an interesting one.
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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