Community Bank System, Inc. (NYSE:CBU) gets downgraded to Market Perform by Hovde Group

Analyst Ratings For Community Bank System, Inc. (NYSE:CBU)

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Today, Community Bank System, Inc. (NYSE:CBU) stock was downgraded by Hovde Group from Outperform to Market Perform.

There are 7 Hold Ratings, no Strong Buy Ratings, no Sell Ratings, no Buy Ratings on the stock.

The current consensus rating on Community Bank System, Inc. (NYSE:CBU) is Hold with a consensus target price of $56.40 per share, a potential 13.14% downside.

Some recent analyst ratings include

  • 7/24/2018-Hovde Group was Downgraded by analysts at Hovde Group from a “Outperform ” rating to a ” Market Perform” rating. They now have a N/A price target on the stock.
  • 7/23/2018-Boenning Scattergood Reiterated Rating of Hold.
  • 4/26/2018-Royal Bank of Canada Reiterated Rating of Hold.
  • 1/24/2018-Keefe, Bruyette & Woods Reiterated Rating of Hold.
  • 12/21/2017-Sandler O’Neill Upgrade from a “Sell ” rating to a ” Hold” rating.
  • 8/3/2017-Piper Jaffray Companies Reiterated Rating of Hold.

    About Community Bank System, Inc. (NYSE:CBU)
    Community Bank System, Inc. operates as the bank holding company for Community Bank, N.A. that provides various banking and 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. It also provides loans comprising consumer mortgages; general purpose commercial and industrial loans, and mortgages on commercial properties; installment loans that are originated through selected dealerships and are secured by automobiles, marine, and other recreational vehicles; personal installment loans and lines of credit for consumers; and home equity products. In addition, the company offers broker-dealer and investment advisory services; and asset management services to individuals, corporations, corporate pension and profit sharing plans, and foundations, as well as operates as a full-service insurance agency that offers personal and commercial property insurance, and other risk management products and services. Further, it offers contribution plan administration services, actuarial and benefits consulting services, and collective investment fund administration and institutional trust services, as well as employee benefit trust, retirement plan administration, VEBA/HRA, and health and welfare consulting services. Additionally, the company provides wealth management, higher educational planning, fiduciary, risk management, and personal financial planning services; and investment alternatives, including stocks, bonds, mutual funds, and advisory products, as well as transfer agency and master recordkeeping services. As of December 31, 2017, it had 225 branches in Upstate New York as well as Northeastern Pennsylvania, Vermont, and Western Massachusetts. Community Bank System, Inc. was founded in 1866 and is headquartered in DeWitt, New York.

    Recent Trading Activity for Community Bank System, Inc. (NYSE:CBU)
    Shares of Community Bank System, Inc. closed the previous trading session at 64,93 up +2,14 3,41 % with 63.07 shares trading hands.

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