Community Bank (NYSE:CBU) Rating Reaffirmed
New York: In a comprehensive report issued to clients and investors on Tuesday, 8 December, RBC Capital Mkts has decided to reaffirm their Sector Perform rating on Community Bank (NYSE:CBU) shares. They now have a $40 target on the company. RBC Capital Mkts’s target indicates a potential downside of -4.76% from the company’s stock price.
From a total of 4 analysts covering Community Bank Systems (NYSE:CBU) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 7 a ”Hold”. This means that 0% of the ratings are positive. The highest target price is $41 while the lowest target price is $38. The mean of all analyst targets is $39.75 with a -10.31% below today’s ($42) stock price. Community Bank Systems was the topic of 4 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Zacks downgraded shares on September 22 to “Hold” rating.
The stock decreased 2.30% or $0.99 during the last trading session, striking $42. Approximately shares of stock traded hands. Community Bank System, Inc. (NYSE:CBU) has risen 20.48% since May 5, 2015 and is uptrending. It has outperformed by 21.07% the S&P500.
The overall sentiment of institutions has increased to 1.12 in Q2 2015. Its up 0.05, from 1.07 in 2015Q2. The ratio improved, as 12 institutions have sold all the shares of Community Bank System, Inc. that they owned while 47 funds have taken shares off the table. 10 funds have purchased shares for the first time while 56 added to their positions. These institutions now hold 35.83 million shares or 35.78% more than the 26.39 million shares they owned in 2015Q2.
The Fund Nottingham Advisors Inc. currently is holding shares equating to 3.02% of its total portfolio in Community Bank System, Inc. representing a total of 447,692 shares. Another fund,Community Financial Services Group Llc, is holding a total of 137,163 shares equating to 2.53% of their holdings. Additionally, Hamel Associates Inc. has a 79,145 share stake in Community Bank System, Inc. which represents 2.09% of their total portfolio. The Fund, Walthausen & Co. Llc, based out of New York, has also built up a stake in the stock, which represents a total of 1.28% of their total portfolio. Finally Netols Asset Management Inc., a fund which is based in the state of Wisconsin reported a total holdings of 151,119 shares.
Insider activity is a very important aspect to track on any stock. Going back to June 12, 2015, shareholders of Community Bank System, Inc. have witnessed 0 insider purchases, and a total of 5 selling transactions equating to a net activity of approximately $1.42 million . Gabriel James A sold 3,298 shares worth approximately $125,832. Dicerbo Nicholas A sold 15,594 shares worth approximately $616,780. Donahue Brian D sold 6,182 shares worth approximately $231,752. Kingsley Scott Allen sold 6,992 shares worth approximately $262,200.
Community Bank System, Inc. is a single bank holding company. The company has a market cap of $1.77 billion. The Firm owns five subsidiaries: Community Bank, N.A. , Benefit Plans Administrative Services, Inc. (BPAS), CFSI Closeout Corp. (CFSICC), First of Jermyn Realty Company, Inc. (FJRC) and Town & Country Agency LLC (T&C). It has 18.35 P/E ratio. It operates in three divisions: banking, which provides an array of lending and depository-related services and products; Employee benefit services segment, which is engaged in providing employee benefit trust, collective investment fund, retirement plan administration, actuarial, VEBA or HRA and health and welfare consulting services, and Wealth management services, which include trust services provided by the personal trust unit of CBNA, investment and insurance services and products provided by CISI and CBNA Insurance and asset advisory services provided by Nottingham.
According to Zacks Investment Research, “Community Bank System, Inc. is a bank holding company.” Get a free copy of the Zacks research report on Community Bank System, Inc. (CBU).