Community Bank System Inc. (CBU): A brief note on last quarter

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Community Bank System Inc. (NYSE:CBU) changes shares on Friday trading session, with a change of -0.98% or -$0.56 shares. The trading starts at $57.41 and closed at $56.89 throughout the day. The trading session low price was $55.49 and day high was $57.41 on Friday, June 19. After the session, the Financial sector daily volume shifted to 0.56 million while its average volume is 318.24K. In other hand, the CBU market cap reached to $3.04B. While, its current target price is $56.33 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -0.19% and down -0.12% for month. Its quarterly performance was 10.06% above, while its half year performance is down -20.12%. CBU yearly performance stood at negative -12.84% and fall -20.59% for year-to-date. Current recommendation for Community Bank System Inc. is 2.90.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. CBU EPS (TTM) for 12-month is 3.18. EPS for this year is -0.50%, while for the next year its value is 2.69. Sales growth for the current quarter is 2.21 while its EPS Q/Q reached -5.10%. It has an EPS of 7.80% up for past five years and for the next five years will be up 8.00%.

Let’s take a look on the analyst recommendations on CBU for the current month and previous month. For the current month, 1 of 7 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 6 as Hold. As compared with the previous month ratings, 7 analysts participate in stock recommendation. Out of 7, 0 rated it sell, 2 rated it as Buy and 5 as Hold Ratings. On the other hand, target price ranges from $54.00-$70.00. Average target price for CBU was reached at $62.50.

Blackrock Inc., Vanguard Group, Inc. (The) and State Street Corporation are the top three holders in Community Bank System Inc. (CBU) stock. On Mar 30, 2020, Blackrock Inc. has 7.43 million shares which valued 436.89 million. On Mar 30, 2020, Vanguard Group, Inc. (The) owned 6.14 million shares which valued at 361.16 million. On Mar 30, 2020, State Street Corporation has a total of 4.31 million shares which valued at 253.7 million. In the end, State Street Corporation have 8.28% shares outstanding of Community Bank System Inc. (CBU) on Mar 30, 2020. The insider ownership moved to 1.00% and institutional holding shifted to 73.10%.

The company posted an EPS (TTM) of 3.18. According to the most recent quarter report on (Jun 2020), 8 analysts estimated an average EPS of 0.59, while 0.8 EPS posted a year ago period. Analyst Estimated EPS for CBU published in the report was 0.17-0.76 during the same period. Comparing with last year, the average estimated EPS was 0.8 which is higher than 0.77 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for CBU fall -11.80% for period of 200 days. SMA for 50 days was -4.93% which is showing red signal, while SMA-20 was -5.23%. The moving average value for Community Bank System Inc. (CBU) is 63.24 and 58.10 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in CBU stock. On Jun 05, MICHAEL R KALLET, Director, sold 2,000 trading shares at the cost of $65.12, which valued at 0.13 million. On Jun 04, MICHAEL R KALLET, Director, sold 3,000 shares at the cost of $60.85, with total shares of 43,909. On Apr 29, MICHAEL R KALLET, Director, sold 3,000 shares at the cost of 67.07. After this transaction, MICHAEL R KALLET total shares reached to 46,909 which valued at 0.2 million.