Price Action Alert: What’s Ahead for Community Bank System, Inc. After Making Record High?

Price Action Alert: What's Ahead for Community Bank System, Inc. After Making Record High?

The stock of Community Bank System, Inc. (NYSE:CBU) reached all time high today, Nov, 14 and still has $84.97 target or 58.00% above today’s $53.78 share price. This indicates more upside for the $2.51B company. This technical setup was reported by Barchart.com. If the $84.97 PT is reached, the company will be worth $1.46B 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 137,305 shares traded hands. Community Bank System, Inc. (NYSE:CBU) has risen 40.47% since April 12, 2016 and is uptrending. It has outperformed by 35.49% 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. RBC Capital Markets maintained the shares of CBU in a report on Friday, January 22 with “Sector Perform” rating. The rating was upgraded by Sandler O’Neill on Friday, January 22 to “Buy”. The rating was initiated by Piper Jaffray on Thursday, January 7 with “Neutral”. The firm has “Sector Perform” rating given on Tuesday, December 8 by RBC Capital Markets. The company was downgraded on Friday, July 22 by Sandler O’Neill. Hovde Group maintained the shares of CBU in a report on Tuesday, October 25 with “Market Perform” rating. Zacks downgraded Community Bank System, Inc. (NYSE:CBU) on Tuesday, September 22 to “Hold” rating.

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 is negative, 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.
State Teachers Retirement Systems owns 142,821 shares or 0.02% of their US portfolio. Ladenburg Thalmann Financial Inc has invested 0% of its portfolio in Community Bank System, Inc. (NYSE:CBU). Goldman Sachs Grp Incorporated, a New York-based fund reported 1.15 million shares. The Ohio-based Bahl & Gaynor has invested 0.02% in Community Bank System, Inc. (NYSE:CBU). Moreover, Qci Asset Mngmt has 0.02% invested in Community Bank System, Inc. (NYSE:CBU) for 2,668 shares. Savings Bank Of America De last reported 12,913 shares in the company. The Illinois-based Guggenheim Cap Limited Liability has invested 0% in Community Bank System, Inc. (NYSE:CBU). Whittier Trust reported 1,125 shares or 0% of all its holdings. Amalgamated Retail Bank accumulated 5,133 shares or 0.01% of the stock. Advsrs Asset Management last reported 0% of its portfolio in the stock. John G Ullman And has 0.05% invested in the company for 5,864 shares. Moreover, Group Inc Incorporated has 0% invested in Community Bank System, Inc. (NYSE:CBU) for 32,226 shares. Blackrock Institutional Trust Na, a California-based fund reported 1.12 million shares. The Georgia-based Earnest Prtnrs Ltd Liability Corporation has invested 0% in Community Bank System, Inc. (NYSE:CBU). Gemmer Asset Ltd Com accumulated 0.01% or 283 shares.

Insider Transactions: Since May 26, 2016, the stock had 0 insider buys, and 3 insider sales for $419,491 net activity. $165,658 worth of Community Bank System, Inc. (NYSE:CBU) was sold by ACE BRIAN R on Tuesday, July 26. The insider DICERBO NICHOLAS A sold $78,433.

More 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 the news titled: “Community Bank System Announces Third Quarter 2016 Earnings Conference Call” on October 14, 2016. Nasdaq.com‘s news article titled: “Community Bank System Inc. Earnings Advance 9% In Q3” with publication date: October 24, 2016 was also an interesting one.

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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