A Director at Community Bank System is Exercising Options

By Carrie Williams

Today, a Director at Community Bank System, Brian Ace , exercised options of Community Bank System (NYSE: CBU) for $292.7K.

Following Brian Ace’s last CBU Sell transaction on September 26, 2017, the stock climbed by 7.7%. In addition to Brian Ace, 4 other CBU executives reported Sell trades in the last month.

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Based on Community Bank System’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $145 million and quarterly net profit of $39.97 million. In comparison, last year the company earned revenue of $114 million and had a net profit of $26.12 million. CBU’s market cap is $3.08B and the company has a P/E ratio of 18.97. Currently, Community Bank System has an average volume of 203.6K.

Based on 5 analyst ratings, the analyst consensus is Hold with an average price target of $57.50, reflecting a 5.7% upside.

In the last 30 days, insiders have sold $1.06M worth of CBU shares and purchased $24.08K worth of CBU shares. The insider sentiment on Community Bank System has been negative according to 31 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Community Bank System, Inc. is a bank holding company, which engages in the provision of retail, business, and municipal banking services. The company offers financial planning, insurance and wealth management services. It operates through the following segments: Banking, Employee Benefit Services, and All Other.