Price Action Alert: Can Community Bank System, Inc.’s Tomorrow be Different? The Stock Just Broke Its High

Price Action Alert: Can Community Bank System, Inc.'s Tomorrow be Different? The Stock Just Broke Its High

The stock of Community Bank System, Inc. (NYSE:CBU) hit a new 52-week high and has $61.02 target or 8.00% above today’s $56.50 share price. The 8 months bullish chart indicates low risk for the $2.51 billion company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $61.02 price target is reached, the company will be worth $200.80M 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. About 83,449 shares traded hands. Community Bank System, Inc. (NYSE:CBU) has risen 44.54% since April 25, 2016 and is uptrending. It has outperformed by 38.53% 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 $26.21M for 23.94 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. $49 is the highest target while $37 is the lowest. The $39.80 average target is -29.56% below today’s ($56.5) stock price. Community Bank Systems has been the topic of 10 analyst reports since July 21, 2015 according to StockzIntelligence Inc. 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. Piper Jaffray initiated the stock with “Neutral” rating in Thursday, January 7 report. The stock of Community Bank System, Inc. (NYSE:CBU) has “Hold” rating given 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. As per Tuesday, September 22, the company rating was downgraded by Zacks. The stock of Community Bank System, Inc. (NYSE:CBU) has “Buy” rating given on Friday, January 22 by Sandler O’Neill. The rating was maintained by RBC Capital Markets with “Sector Perform” on Tuesday, December 8.

According to Zacks Investment Research, “Community Bank System, Inc. is a bank holding company.”

Insitutional Activity: The institutional sentiment increased to 1.6 in Q2 2016. Its up 0.31, from 1.29 in 2016Q1. The ratio increased, 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.
Berkshire Asset Mgmt Ltd Liability Corporation Pa holds 0.4% of its portfolio in Community Bank System, Inc. (NYSE:CBU) for 63,696 shares. Amalgamated Bancshares reported 5,133 shares or 0.01% of all its holdings. Natl Bank Of Montreal Can last reported 4,354 shares in the company. Moreover, John G Ullman has 0.05% invested in Community Bank System, Inc. (NYSE:CBU) for 5,864 shares. The Pennsylvania-based Vantage Inv Advisors Ltd Llc has invested 0.01% in Community Bank System, Inc. (NYSE:CBU). Renaissance Techs Lc holds 0.02% or 219,900 shares in its portfolio. Us Commercial Bank De has invested 0% of its portfolio in Community Bank System, Inc. (NYSE:CBU). Bessemer holds 0% or 1,405 shares in its portfolio. Moreover, Hartford Fincl Management has 0.15% invested in Community Bank System, Inc. (NYSE:CBU) for 6,000 shares. Hightower Limited Liability holds 0.02% of its portfolio in Community Bank System, Inc. (NYSE:CBU) for 30,651 shares. Tiaa Cref Inv Limited Liability Com holds 0% or 135,201 shares in its portfolio. Ubs Asset Mgmt Americas last reported 24,968 shares in the company. Louisiana State Employees Retirement Systems, a Louisiana-based fund reported 19,500 shares. Macquarie Grp Inc holds 1.50 million shares or 0.12% of its portfolio. Proshare Advsr Lc has 0.03% invested in the company for 51,745 shares.

Insider Transactions: Since July 25, 2016, the stock had 0 insider purchases, and 6 insider sales for $1.10 million net activity. $175,400 worth of Community Bank System, Inc. (NYSE:CBU) shares were sold by DICERBO NICHOLAS A. STEELE SALLY A also sold $254,126 worth of Community Bank System, Inc. (NYSE:CBU) shares. $165,658 worth of Community Bank System, Inc. (NYSE:CBU) shares were sold by ACE BRIAN R. $164,554 worth of Community Bank System, Inc. (NYSE:CBU) was sold by Mucenski Edward S..

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 Businesswire.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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