Piper Sandler analyst Alexander Twerdahl maintained a Sell rating on Community Bank System (CBU – Research Report) today and set a price target of $38.00. The company’s shares closed yesterday at $37.57.
Twerdahl covers the Financial sector, focusing on stocks such as First Bancorp Puerto Rico, Northeast Bancorp, and Bank of NT Butterfield & Son. According to TipRanks, Twerdahl has an average return of 8.4% and a 55.21% success rate on recommended stocks.
Community Bank System has an analyst consensus of Hold, with a price target consensus of $47.67.
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Based on Community Bank System’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $175.26 million and a net profit of $48.29 million. In comparison, last year the company earned a revenue of $167.24 million and had a net profit of $39.81 million
Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CBU in relation to earlier this year.
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Community Bank System (CBU) Company Description:
Community Bank System, Inc. is a financial holding company, which engages in the provision of retail, business, and municipal banking services. It operates through the following three segments: Banking, Employee Benefit Services, and All Other. The Banking segment offers array of lending and depository-related products and services to individuals, businesses and municipal enterprises. This segment also provides treasury management solutions and payment processing services. The Employee Benefit Services segment provides employee benefit trust services, collective investment fund, fund administration, transfer agency, retirement plan and VEBA/HRA and health savings account plan administration services, actuarial services, and healthcare consulting services. The All Other segment comprises of wealth management services, including trust services provided by the personal trust unit, investment products and services provided by CISI and The Carta Group, and asset advisory services provided by Nottingham and insurance services, which includes include the offerings of personal and commercial property insurance and other risk management products and services provided by OneGroup. The company was founded on April 15, 1983 and is headquartered in DeWitt, NY.
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