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Jeffrey M. Levy, Senior Vice President and Chief Banking Officer at Community Financial System, Inc. (NYSE:CBU), recently sold 1,136 shares of the company’s common stock. The shares were sold at a price of $65.98 each, amounting to a total transaction value of $74,953. The transaction occurred as CBU trades near $65.52, with a market capitalization of $3.45 billion. InvestingPro data shows the company has maintained dividend payments for 42 consecutive years, with 27 years of consecutive increases. Following this sale, Levy holds 6,538.6389 shares directly. Additionally, through a 401(k) plan, he indirectly owns 5,194.7854 shares, as noted in a recent plan statement. According to InvestingPro analysis, CBU currently trades below its Fair Value, with analyst targets ranging from $66 to $77. Discover more insights and 6 additional ProTips for CBU through InvestingPro’s comprehensive research reports.
In other recent news, Community Financial System has been the focus of notable developments. The company reported strong fourth-quarter results, surpassing expectations with adjusted earnings per share (EPS) of $1.00, which beat the analyst consensus of $0.90. Revenue was also robust, reported at $196.28 million, exceeding the estimated $191.08 million, and marking a 10.9% increase from the same quarter in the previous year.
In addition to these earnings and revenue results, Community Financial also reported a net income of $49.8 million for the fourth quarter, up from the previous year. The company’s loan portfolio grew by 7.5% year-on-year to $10.43 billion, while total deposits increased 4.0% to $13.44 billion.
On the analyst front, Keefe, Bruyette & Woods recently updated their assessment of Community Financial, increasing the price target from $74.00 to $76.00. The firm’s analyst, Christopher O’Connell, cited the company’s continued net interest margin expansion as a key driver behind the adjustment. These are the recent developments that highlight the company’s financial performance.
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