According to Zacks, “Community Bank System, Inc. is a bank holding company. “
Separately, ValuEngine cut shares of Community Bank System from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st.
Community Bank System (NYSE:CBU) last posted its earnings results on Monday, July 22nd. The bank reported $0.80 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.80. The company had revenue of $149.00 million during the quarter, compared to analysts’ expectations of $144.08 million. Community Bank System had a net margin of 28.64% and a return on equity of 10.10%. Community Bank System’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.86 EPS. As a group, equities research analysts expect that Community Bank System will post 3.24 EPS for the current year.
A number of large investors have recently added to or reduced their stakes in CBU. Point72 Asset Management L.P. bought a new position in Community Bank System during the second quarter worth about $59,000. Krane Funds Advisors LLC bought a new position in Community Bank System during the second quarter worth about $60,000. Diversified Trust Co bought a new position in Community Bank System during the second quarter worth about $221,000. Cubist Systematic Strategies LLC bought a new position in Community Bank System during the second quarter worth about $222,000. Finally, MidWestOne Financial Group Inc. bought a new position in Community Bank System during the second quarter worth about $263,000. 71.32% of the stock is currently owned by institutional investors and hedge funds.
About Community Bank System
Community Bank System, Inc operates as the bank holding company for Community Bank, N.A. that provides various banking and other financial services to retail, commercial, and municipal customers. It operates through three segments: Banking, Employee Benefit Services, and All Other. The company offers various deposits products, such as checking, savings, and money market accounts, as well as time deposits.
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