Key Points
- EVP Maureen Gillan-Myer sold 3,450 shares on Dec. 29 at an average price of $58.85 for a total of $203,032.50, according to an SEC filing.
- CBU shares traded down about 1.8% to $60.00; the bank reported Q EPS of $1.12 (missing by $0.01) with revenue up 9.8% year‑over‑year, and analysts hold a consensus "Hold" rating with a $66.67 average price target.
- Dividend announced: a quarterly payout of $0.47 per share (annualized $1.88, ~3.1% yield) with an ex‑dividend/record date of March 16 and a payout ratio of 47.36%.
Community Financial System, Inc. (NYSE:CBU - Get Free Report) EVP Maureen Gillan-Myer sold 3,450 shares of the firm's stock in a transaction on Monday, December 29th. The shares were sold at an average price of $58.85, for a total transaction of $203,032.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Community Financial System Stock Down 1.8%
CBU stock traded down $1.07 during trading on Thursday, reaching $60.00. The stock had a trading volume of 18,348 shares, compared to its average volume of 240,753. Community Financial System, Inc. has a 1-year low of $49.44 and a 1-year high of $67.50. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $3.16 billion, a P/E ratio of 15.11 and a beta of 0.80. The firm has a fifty day moving average price of $62.38 and a 200 day moving average price of $59.64.
Community Financial System (NYSE:CBU - Get Free Report) last announced its earnings results on Tuesday, January 27th. The bank reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.01). Community Financial System had a net margin of 20.82% and a return on equity of 11.09%. The business had revenue of $215.56 million for the quarter, compared to analyst estimates of $212.85 million. During the same quarter in the prior year, the business earned $0.94 earnings per share. The firm's revenue was up 9.8% on a year-over-year basis. On average, equities analysts anticipate that Community Financial System, Inc. will post 4.18 earnings per share for the current year.
Community Financial System Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Monday, March 16th will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 3.1%. 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
A number of hedge funds have recently added to or reduced their stakes in CBU. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Community Financial System by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,141 shares of the bank's stock valued at $1,771,000 after purchasing an additional 1,362 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Community Financial System by 7.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 550,613 shares of the bank's stock valued at $31,308,000 after buying an additional 40,384 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Community Financial System by 6.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 136,619 shares of the bank's stock valued at $7,768,000 after buying an additional 8,182 shares during the period. Jane Street Group LLC grew its position in shares of Community Financial System by 523.4% during the 1st quarter. Jane Street Group LLC now owns 145,719 shares of the bank's stock valued at $8,286,000 after buying an additional 122,343 shares during the last quarter. Finally, Intech Investment Management LLC raised its stake in Community Financial System by 37.5% during the first quarter. Intech Investment Management LLC now owns 25,846 shares of the bank's stock worth $1,470,000 after acquiring an additional 7,052 shares during the period. Institutional investors and hedge funds own 73.79% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on CBU shares. Weiss Ratings reiterated a "hold (c+)" rating on shares of Community Financial System in a research note on Monday, December 29th. Piper Sandler started coverage on shares of Community Financial System in a report on Wednesday, December 3rd. They issued a "neutral" rating and a $62.00 price target on the stock. 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. Janney Montgomery Scott downgraded shares of Community Financial System from a "buy" rating to a "neutral" rating in a research report on Tuesday, January 13th. Finally, DA Davidson began coverage on shares of Community Financial System in a research note on Wednesday, February 25th. They issued a "neutral" rating and a $72.00 target price on the stock. Five investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Community Financial System presently has an average rating of "Hold" and a consensus price target of $66.67.
Check Out Our Latest Analysis on Community Financial System
Community Financial System Company Profile
(
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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