Notable Price Action: What’s Ahead for Community Bank System, Inc. After Reaching All Time High?

Notable Price Action: What's Ahead for Community Bank System, Inc. After Reaching All Time High?

The stock of Community Bank System, Inc. (NYSE:CBU) reached all time high today, Nov, 29 and still has $59.49 target or 5.00% above today’s $56.66 share price. This indicates more upside for the $2.50 billion company. This technical setup was reported by Barchart.com. If the $59.49 PT is reached, the company will be worth $125.00 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 100,519 shares traded hands. Community Bank System, Inc. (NYSE:CBU) has risen 41.00% since April 26, 2016 and is uptrending. It has outperformed by 35.74% the S&P500.

Analysts await Community Bank System, Inc. (NYSE:CBU) to report earnings on January, 18. They expect $0.59 EPS, up 5.36% or $0.03 from last year’s $0.56 per share. CBU’s profit will be $26.03 million for 24.01 P/E if the $0.59 EPS becomes a reality. After $0.61 actual EPS reported by Community Bank System, Inc. for the previous quarter, Wall Street now forecasts -3.28% negative EPS growth.

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 company was downgraded on Tuesday, September 22 by Zacks. The firm earned “Market Perform” rating on Tuesday, October 25 by Hovde Group. The firm has “Hold” rating by Sandler O’Neill given on Friday, July 22. The rating was maintained by RBC Capital Markets with “Sector Perform” on Tuesday, December 8. The stock of Community Bank System, Inc. (NYSE:CBU) has “Buy” rating given on Friday, January 22 by Sandler O’Neill. RBC Capital Markets maintained Community Bank System, Inc. (NYSE:CBU) rating on Friday, January 22. RBC Capital Markets has “Sector Perform” rating and $37 price target. The stock has “Neutral” rating given by Piper Jaffray on Thursday, January 7.

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 improved, 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.
Jpmorgan Chase & owns 261,352 shares or 0% of their US portfolio. Susquehanna International Grp Ltd Liability Partnership holds 0% or 22,000 shares in its portfolio. Wedge Mngmt L Ltd Partnership Nc has invested 0% of its portfolio in Community Bank System, Inc. (NYSE:CBU). Community Retail Bank Na has 18,225 shares for 0.18% of their US portfolio. Wells Fargo And Mn last reported 0% of its portfolio in the stock. Macquarie accumulated 1.50 million shares or 0.12% of the stock. Citigroup, a New York-based fund reported 26,191 shares. Moreover, First Tru Advsrs Ltd Partnership has 0% invested in Community Bank System, Inc. (NYSE:CBU) for 15,406 shares. Barclays Public Limited Co accumulated 74 shares or 0% of the stock. King Luther Capital Mngmt reported 97,158 shares or 0.04% of all its holdings. Nottingham Advisors has 1.88% invested in the company for 247,153 shares. Capstone Asset Management reported 13,310 shares or 0.02% of all its holdings. Blackrock Institutional Communication Na accumulated 1.12M shares or 0.01% of the stock. Credit Suisse Ag has invested 0% of its portfolio in Community Bank System, Inc. (NYSE:CBU). Great West Life Assurance Com Can holds 0% or 5,258 shares in its portfolio.

Insider Transactions: Since July 25, 2016, the stock had 0 insider purchases, and 6 selling transactions for $1.10 million net activity. $165,658 worth of shares were sold by ACE BRIAN R on Tuesday, July 26. DICERBO NICHOLAS A also sold $253,750 worth of Community Bank System, Inc. (NYSE:CBU) shares. STEELE SALLY A sold $254,126 worth of Community Bank System, Inc. (NYSE:CBU) on Monday, November 21. Mucenski Edward S. sold $164,554 worth of Community Bank System, Inc. (NYSE:CBU) on Thursday, November 17.

More important recent Community Bank System, Inc. (NYSE:CBU) news were published by: Businesswire.com which released: “Community Bank System and Merchants Bancshares Announce Agreement to Merge” on October 24, 2016, also Finance.Yahoo.com published article titled: “Community Bank System, Inc. Announces Quarterly Common Stock Dividend”, Nasdaq.com published: “Community Bank System Inc. Earnings Advance 9% In Q3” on October 24, 2016. More interesting news about Community Bank System, Inc. (NYSE:CBU) was released by: Businesswire.com and their article: “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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