The stock of Community Bank System, Inc. (NYSE:CBU) hit a new 52-week high and has $90.96 target or 65.00% above today’s $55.13 share price. The 8 months bullish chart indicates low risk for the $2.49B company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $90.96 price target is reached, the company will be worth $1.62B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 30,320 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. The rating was maintained by RBC Capital Markets with “Sector Perform” on Friday, January 22. The rating was initiated by Piper Jaffray with “Neutral” on Thursday, January 7. The stock has “Market Perform” rating given by Hovde Group on Tuesday, October 25. The company was downgraded on Friday, July 22 by Sandler O’Neill. The stock has “Hold” rating given by Zacks on Tuesday, September 22. RBC Capital Markets maintained the stock with “Sector Perform” rating in Tuesday, December 8 report. As per Friday, January 22, the company rating was upgraded by Sandler O’Neill.
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.
Ifc Hldg Inc Fl, a Florida-based fund reported 15,871 shares. Bnp Paribas Arbitrage Sa last reported 0% of its portfolio in the stock. Raymond James Financial Svcs Advisors Incorporated has invested 0.01% of its portfolio in Community Bank System, Inc. (NYSE:CBU). Ls Inv Advisors Lc holds 0% of its portfolio in Community Bank System, Inc. (NYSE:CBU) for 1,592 shares. Moreover, John G Ullman Associates has 0.05% invested in Community Bank System, Inc. (NYSE:CBU) for 5,864 shares. Burns J W And Ny holds 0.18% or 14,183 shares in its portfolio. Moreover, Walthausen & Limited Liability Corp has 1.07% invested in Community Bank System, Inc. (NYSE:CBU) for 251,829 shares. Earnest Limited Com holds 425 shares or 0% of its portfolio. Hanson Doremus Inv Management has invested 0.31% of its portfolio in Community Bank System, Inc. (NYSE:CBU). Amer Intl Grp holds 0% or 32,226 shares in its portfolio. Parametric Portfolio Ltd last reported 75,818 shares in the company. Berkshire Asset Management Llc Pa last reported 63,696 shares in the company. Geode Cap Mngmt Ltd Liability Corp holds 0.01% of its portfolio in Community Bank System, Inc. (NYSE:CBU) for 335,553 shares. Texas Permanent School Fund holds 33,729 shares or 0.02% of its portfolio. Los Angeles Cap Mngmt & Equity Rech last reported 0.01% of its portfolio in the stock.
Insider Transactions: Since May 26, 2016, the stock had 0 insider purchases, and 5 insider sales for $837,795 net activity. 3,000 shares with value of $164,554 were sold by Mucenski Edward S. on Thursday, November 17. $175,400 worth of Community Bank System, Inc. (NYSE:CBU) was sold by DICERBO NICHOLAS A. ACE BRIAN R also sold $165,658 worth of Community Bank System, Inc. (NYSE:CBU) on Tuesday, July 26.
More notable recent Community Bank System, Inc. (NYSE:CBU) news were published by: Businesswire.com which released: “Community Bank System, Inc. Announces Quarterly Common Stock Dividend” on November 18, 2016, also Prnewswire.com with their article: “Community Bank System Third Quarter 2016 Earnings Conference Call Rescheduled” published on October 21, 2016, Prnewswire.com published: “Community Bank System Announces Third Quarter 2016 Earnings Conference Call” on October 14, 2016. More interesting news about Community Bank System, Inc. (NYSE:CBU) were released by: Nasdaq.com and their article: “Community Bank System Inc. Earnings Advance 9% In Q3” published on October 24, 2016 as well as Businesswire.com‘s news article titled: “Community Bank System, Inc. Announces Its 24th Consecutive Year of Dividend …” with publication date: August 19, 2016.
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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