D.A. Davidson analyst Manuel Navas reiterated a Hold rating on Community Bank System (CBU – Research Report) today. The company’s shares closed last Friday at $38.65.
According to TipRanks, Navas is an analyst with an average return of -11.1% and a 14.00% success rate. Navas covers the Financial sector, focusing on stocks such as Sandy Spring Bancorp, Dime Community Bancshares, and City Holding Company.
The word on The Street in general, suggests a Hold analyst consensus rating for Community Bank System with a $47.67 average price target.
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CBU market cap is currently $2.07B and has a P/E ratio of 13.87.
Based on the recent corporate insider activity of 48 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
Read More on CBU:
- Community Bank System price target lowered to $38 from $42 at Piper Sandler
- Community Bank System reports Q3 non-GAAP EPS 82c, consensus 88c
- CBU Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Community Bank System management to meet with Piper Sandler
- Community Bank System Announces Third Quarter 2023 Earnings Conference Call
