Community Bank System Enjoys A Bright Top Line Outlook But Appears Fairly Valued

Nov. 14, 2022 4:39 AM ETCommunity Bank System, Inc. (CBU)1 Comment
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Sheen Bay Research
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Summary

  • Commercial loan growth will likely counter a slowdown in consumer mortgages.
  • Loan additions will act as a catalyst for the margin through the end of 2023.
  • The December 2023 target price suggests a moderate downside from the current market price. Further, CBU is offering a low dividend yield.

Map of New York, New Jersey, Massachusetts, Connecticut States

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Earnings of Community Bank System, Inc. (NYSE:CBU) will likely continue to grow on the back of organic loan growth. The loan additions will also help lift the margin, which will further boost the bottom line. Overall, I'm expecting Community Bank System to

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This article was written by

Sheen Bay Research profile picture
2.94K Followers
Around 10 years of experience covering Banks and Macroeconomics. Passionate about discovering lucrative investments and generating alpha.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: Disclaimer: This article is not financial advice. Investors are expected to consider their investment objectives and constraints before investing in the stock(s) mentioned in the article.

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