Key Points
- Director John Whipple sold 4,246 shares on Feb. 4 at an average price of $65.17 for a total of $276,711.82, reducing his holdings by 33.3% to 8,506 shares valued at $554,336.02.
- Community Financial System reported Q4 EPS of $1.07 (missing the $1.13 consensus) while revenue grew 9.8% YoY to $215.56 million; analysts forecast ~4.18 EPS for the year and the stock trades at a P/E of 16.75 with a $3.5 billion market cap.
- The company declared a quarterly dividend of $0.47 per share (annualized $1.88, yield 2.8%, ex-dividend March 16), and the consensus analyst rating is Hold with an average target of $64.00.
Community Financial System, Inc. (NYSE:CBU - Get Free Report) Director John Whipple sold 4,246 shares of the company's stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $65.17, for a total transaction of $276,711.82. Following the sale, the director directly owned 8,506 shares in the company, valued at $554,336.02. This trade represents a 33.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Community Financial System Stock Up 1.7%
Shares of NYSE:CBU opened at $66.50 on Friday. The firm has a fifty day moving average price of $60.70 and a two-hundred day moving average price of $58.44. The company has a market cap of $3.50 billion, a price-to-earnings ratio of 16.75 and a beta of 0.81. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.75 and a quick ratio of 0.76. Community Financial System, Inc. has a one year low of $49.44 and a one year high of $67.67.
Community Financial System (NYSE:CBU - Get Free Report) last released its quarterly earnings results on Tuesday, January 27th. The bank reported $1.07 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.06). The firm had revenue of $215.56 million during the quarter, compared to the consensus estimate of $212.85 million. Community Financial System had a return on equity of 11.09% and a net margin of 20.82%.The company's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.94 EPS. Analysts anticipate that Community Financial System, Inc. will post 4.18 EPS for the current fiscal year.
Community Financial System Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Monday, March 16th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Monday, March 16th. Community Financial System's dividend payout ratio (DPR) is 47.36%.
Hedge Funds Weigh In On Community Financial System
Institutional investors and hedge funds have recently made changes to their positions in the business. IFP Advisors Inc lifted its stake in Community Financial System by 507.0% in the fourth quarter. IFP Advisors Inc now owns 522 shares of the bank's stock worth $30,000 after purchasing an additional 436 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Community Financial System by 177.0% in the second quarter. EverSource Wealth Advisors LLC now owns 781 shares of the bank's stock worth $44,000 after buying an additional 499 shares during the period. Lipe & Dalton bought a new stake in shares of Community Financial System in the 4th quarter valued at about $52,000. CWM LLC lifted its stake in shares of Community Financial System by 56.1% in the 3rd quarter. CWM LLC now owns 899 shares of the bank's stock valued at $53,000 after acquiring an additional 323 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in Community Financial System by 14.9% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,456 shares of the bank's stock valued at $86,000 after acquiring an additional 189 shares during the period. Institutional investors own 73.79% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on CBU shares. Wall Street Zen downgraded shares of Community Financial System from a "hold" rating to a "sell" rating in a research note on Saturday, January 17th. Weiss Ratings reissued a "hold (c+)" rating on shares of Community Financial System in a report on Monday, December 29th. Piper Sandler started coverage on shares of Community Financial System in a report on Wednesday, December 3rd. They set a "neutral" rating and a $62.00 price objective for the company. Janney Montgomery Scott cut Community Financial System from a "buy" rating to a "neutral" rating in a research note on Tuesday, January 13th. Finally, Keefe, Bruyette & Woods restated a "market perform" rating and set a $66.00 price target (down previously from $67.00) on shares of Community Financial System in a research report on Thursday, October 23rd. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Community Financial System presently has a consensus rating of "Hold" and an average target price of $64.00.
View Our Latest Stock Report on CBU
About Community Financial System
(
Get Free Report)
Community Financial System (NYSE: CBU) is the bank holding company for Community Bank, National Association, a full-service commercial bank headquartered in DeWitt, New York. Through its principal subsidiary, the company offers a range of banking and financial services designed to meet the needs of both consumer and business clients. Its organizational structure centers on community-based banking operations supported by centralized technology, risk management and administrative functions.
The company's product offerings include deposit accounts, residential and commercial mortgage loans, commercial and consumer lending, treasury and cash management services, and electronic banking.
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