The stock of Community Bank System, Inc. (NYSE:CBU) hit a new 52-week high and has $68.71 target or 41.00% above today’s $48.73 share price. The 6 months bullish chart indicates low risk for the $2.14B company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $68.71 price target is reached, the company will be worth $877.40 million 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. The stock increased 4.35% or $2.03 during the last trading session, hitting $48.73. About 334,870 shares traded hands or 124.86% up from the average. Community Bank System, Inc. (NYSE:CBU) has risen 26.97% since April 7, 2016 and is uptrending. It has outperformed by 22.19% 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 stock of Community Bank System, Inc. (NYSE:CBU) earned “Sector Perform” rating by RBC Capital Markets on Friday, January 22. RBC Capital Markets maintained Community Bank System, Inc. (NYSE:CBU) on Tuesday, December 8 with “Sector Perform” rating. The stock of Community Bank System, Inc. (NYSE:CBU) has “Neutral” rating given on Thursday, January 7 by Piper Jaffray. The stock of Community Bank System, Inc. (NYSE:CBU) earned “Hold” rating by Sandler O’Neill on Friday, July 22. As per Tuesday, October 25, the company rating was maintained by Hovde Group. The stock of Community Bank System, Inc. (NYSE:CBU) has “Buy” rating given on Friday, January 22 by Sandler O’Neill. Zacks downgraded the stock to “Hold” rating in Tuesday, September 22 report.
According to Zacks Investment Research, “Community Bank System, Inc. is a bank holding company.”
Insitutional Activity: The institutional sentiment decreased to 1.29 in 2016 Q2. Its down 0.10, from 1.39 in 2016Q1. The ratio fall, 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.
Vanguard Group Incorporated accumulated 0.01% or 3.74 million shares. Parametric Limited Com holds 0% of its portfolio in Community Bank System, Inc. (NYSE:CBU) for 75,818 shares. Moreover, Teachers Retirement Systems Of The State Of Kentucky has 0.01% invested in Community Bank System, Inc. (NYSE:CBU) for 16,400 shares. Susquehanna International Group Inc Llp holds 0% or 22,000 shares in its portfolio. Raymond James And Associates owns 17,938 shares or 0% of their US portfolio. Qci Asset Ny, a New York-based fund reported 2,668 shares. Brown Brothers Harriman And holds 0.02% or 77,404 shares in its portfolio. Vantage Invest Advisors Ltd Com has 0.01% invested in the company for 500 shares. Northern Trust Corp reported 1.32 million shares or 0.02% of all its holdings. Voya Management Limited Company accumulated 0% or 18,904 shares. Raymond James Finance Serv has invested 0.01% of its portfolio in Community Bank System, Inc. (NYSE:CBU). Blackrock Advsrs Limited Liability Co holds 0% or 20,813 shares in its portfolio. M&R Incorporated holds 0.01% or 1,000 shares in its portfolio. Amalgamated National Bank & Trust accumulated 0.01% or 5,133 shares. California Public Employees Retirement System holds 65,120 shares or 0% of its portfolio.
Insider Transactions: Since May 26, 2016, the stock had 0 insider purchases, and 3 selling transactions for $419,491 net activity. $165,658 worth of Community Bank System, Inc. (NYSE:CBU) shares were sold by ACE BRIAN R. The insider DICERBO NICHOLAS A sold $78,433.
More important recent Community Bank System, Inc. (NYSE:CBU) news were published by: Prnewswire.com which released: “Community Bank System Third Quarter 2016 Earnings Conference Call Rescheduled” on October 21, 2016, also Prnewswire.com published article titled: “Community Bank System Announces Third Quarter 2016 Earnings Conference Call”, 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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