Community Bank System Reaches New 52-Week High (CBU)

NEW YORK ( TheStreet) -- Community Bank System (NYSE: CBU) hit a new 52-week high Friday as it is currently trading at $28.94, above its previous 52-week high of $28.91 with 116,766 shares traded as of 12:45 p.m. ET. Average volume has been 234,700 shares over the past 30 days.

Community Bank System has a market cap of $1.04 billion and is part of the financial sector and banking industry. Shares are up 2.3% year to date as of the close of trading on Thursday.

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. The company has a P/E ratio of 14.4, above the average banking industry P/E ratio of 14.2 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Community Bank System as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, expanding profit margins, compelling growth in net income and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Community Bank System Ratings Report.

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