The stock of Community Bank System, Inc. (NYSE:CBU) reached all time high today, Nov, 21 and still has $89.10 target or 60.00% above today’s $55.69 share price. This indicates more upside for the $2.51 billion company. This technical setup was reported by Barchart.com. If the $89.10 PT is reached, the company will be worth $1.51 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. The stock decreased 0.27% or $0.15 on November 21, hitting $55.69. About 135,663 shares traded hands. Community Bank System, Inc. (NYSE:CBU) has risen 41.40% since April 19, 2016 and is uptrending. It has outperformed by 37.54% the S&P500.
Community Bank System, Inc. (NYSE:CBU) Ratings Coverage
Out of 7 analysts covering Community Bank Systems (NYSE:CBU), 0 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 0 are positive. Community Bank Systems has been the topic of 10 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Sandler O’Neill upgraded the stock to “Buy” rating in Friday, January 22 report. On Tuesday, December 8 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The rating was maintained by Hovde Group on Tuesday, October 25 with “Market Perform”. The stock has “Neutral” rating given by Piper Jaffray on Thursday, January 7. The rating was maintained by RBC Capital Markets with “Sector Perform” on Friday, January 22. As per Friday, July 22, the company rating was downgraded by Sandler O’Neill. The rating was downgraded by Zacks to “Hold” on Tuesday, September 22.
According to Zacks Investment Research, “Community Bank System, Inc. is a bank holding company.”
Insitutional Activity: The institutional sentiment increased to 1.6 in 2016 Q2. Its up 0.31, from 1.29 in 2016Q1. The ratio is positive, 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.
Invesco last reported 0.01% of its portfolio in the stock. State Of Tennessee Treasury Department last reported 35,154 shares in the company. Amalgamated National Bank has 5,133 shares for 0.01% of their US portfolio. Moreover, Nicholas Company Wi has 0.09% invested in Community Bank System, Inc. (NYSE:CBU) for 109,295 shares. Pub Employees Retirement Association Of Colorado holds 423,867 shares or 0.14% of its portfolio. Metropolitan Life Ins accumulated 31,966 shares or 0.01% of the stock. State Street Corporation has invested 0% of its portfolio in Community Bank System, Inc. (NYSE:CBU). Tower Cap Ltd (Trc) accumulated 0.01% or 1,779 shares. The New York-based American International has invested 0% in Community Bank System, Inc. (NYSE:CBU). Citizens And Northern, a Pennsylvania-based fund reported 5,216 shares. Teachers holds 0.01% or 77,518 shares in its portfolio. Pinebridge Lp has 5,595 shares for 0.01% of their US portfolio. Pnc Fin Services Grp Inc accumulated 0% or 22,725 shares. Zurcher Kantonalbank (Zurich Cantonalbank) reported 1,012 shares or 0% of all its holdings. Brandywine Glob Invest Mgmt Ltd, a Pennsylvania-based fund reported 39,177 shares.
Insider Transactions: Since May 26, 2016, the stock had 0 buys, and 5 insider sales for $837,795 net activity. The insider ACE BRIAN R sold 3,817 shares worth $165,658. Shares for $164,554 were sold by Mucenski Edward S. on Thursday, November 17. The insider DICERBO NICHOLAS A sold $78,433.
More news for Community Bank System, Inc. (NYSE:CBU) were recently published by: Prnewswire.com, which released: “Community Bank System Third Quarter 2016 Earnings Conference Call Rescheduled” on October 21, 2016. Nasdaq.com‘s article titled: “Community Bank System Inc. Earnings Advance 9% In Q3” and published on October 24, 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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