Community Financial System (NYSE:CBU) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Community Financial System, Inc. (NYSE:CBU)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $62.37 and traded as high as $67.77. Community Financial System shares last traded at $67.6510, with a volume of 303,727 shares trading hands.

Analyst Upgrades and Downgrades

CBU has been the topic of a number of recent research reports. Wall Street Zen lowered Community Financial System from a “hold” rating to a “sell” rating in a research note on Saturday, July 4th. Weiss Ratings raised Community Financial System from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 2nd. Piper Sandler raised their price objective on shares of Community Financial System from $62.00 to $66.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Finally, Raymond James Financial reiterated a “strong-buy” rating and set a $75.00 target price on shares of Community Financial System in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $69.75.

Community Financial System Stock Up 1.5%

The firm has a market capitalization of $3.62 billion, a price-to-earnings ratio of 16.73 and a beta of 0.77. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.77 and a quick ratio of 0.77. The stock has a fifty day moving average of $64.51 and a two-hundred day moving average of $62.43.

Community Financial System (NYSE:CBU) last announced its earnings results on Wednesday, April 29th. The bank reported $1.15 EPS for the quarter, topping the consensus estimate of $1.10 by $0.05. Community Financial System had a return on equity of 11.24% and a net margin of 21.26%.The firm had revenue of $213.69 million for the quarter, compared to the consensus estimate of $216.36 million. During the same period in the previous year, the business earned $0.98 EPS. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. Sell-side analysts anticipate that Community Financial System, Inc. will post 4.7 earnings per share for the current year.

Community Financial System Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 15th were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Monday, June 15th. Community Financial System’s payout ratio is currently 45.63%.

Insider Activity at Community Financial System

In other Community Financial System news, Director Eric Stickels sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $63.98, for a total transaction of $127,960.00. Following the completion of the transaction, the director owned 31,592 shares in the company, valued at approximately $2,021,256.16. This trade represents a 5.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark J. Bolus sold 12,191 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $67.00, for a total transaction of $816,797.00. Following the completion of the transaction, the director owned 94,060 shares in the company, valued at $6,302,020. This trade represents a 11.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.15% of the company’s stock.

Institutional Investors Weigh In On Community Financial System

A number of institutional investors have recently modified their holdings of the company. SG Americas Securities LLC boosted its position in shares of Community Financial System by 2,430.6% during the 4th quarter. SG Americas Securities LLC now owns 168,892 shares of the bank’s stock valued at $9,701,000 after purchasing an additional 162,218 shares in the last quarter. Numerai GP LLC bought a new stake in Community Financial System in the third quarter worth approximately $4,117,000. Northwestern Mutual Wealth Management Co. increased its holdings in Community Financial System by 10,989.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 200,049 shares of the bank’s stock worth $11,491,000 after purchasing an additional 198,245 shares in the last quarter. Alliance Wealth Advisors LLC lifted its stake in Community Financial System by 95.1% in the fourth quarter. Alliance Wealth Advisors LLC now owns 20,825 shares of the bank’s stock valued at $1,196,000 after buying an additional 10,150 shares during the period. Finally, Riggs Asset Managment Co. Inc. lifted its stake in Community Financial System by 740.1% in the fourth quarter. Riggs Asset Managment Co. Inc. now owns 401,450 shares of the bank’s stock valued at $23,059,000 after buying an additional 353,663 shares during the period. 73.79% of the stock is owned by institutional investors.

About Community Financial System

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.