Community Bank System, Inc. (NYSE:CBU) Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lifted its position in shares of Community Bank System, Inc. (NYSE:CBU) by 3.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,293 shares of the bank’s stock after purchasing an additional 750 shares during the period. Commonwealth Equity Services LLC’s holdings in Community Bank System were worth $1,560,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. US Bancorp DE grew its stake in Community Bank System by 17.1% during the 4th quarter. US Bancorp DE now owns 1,081 shares of the bank’s stock worth $67,000 after buying an additional 158 shares during the last quarter. Principal Securities Inc. boosted its holdings in shares of Community Bank System by 13.7% in the fourth quarter. Principal Securities Inc. now owns 1,774 shares of the bank’s stock valued at $109,000 after acquiring an additional 214 shares during the period. Versant Capital Management Inc grew its position in shares of Community Bank System by 99.2% during the fourth quarter. Versant Capital Management Inc now owns 478 shares of the bank’s stock worth $29,000 after acquiring an additional 238 shares during the last quarter. Invesco LLC increased its holdings in shares of Community Bank System by 7.0% in the 4th quarter. Invesco LLC now owns 6,763 shares of the bank’s stock valued at $417,000 after acquiring an additional 442 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in Community Bank System by 1.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 50,322 shares of the bank’s stock valued at $3,104,000 after purchasing an additional 499 shares during the last quarter. 73.79% of the stock is owned by hedge funds and other institutional investors.

Community Bank System Price Performance

Community Bank System stock opened at $56.72 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.76 and a quick ratio of 0.76. The business has a 50 day simple moving average of $62.31 and a 200-day simple moving average of $62.60. Community Bank System, Inc. has a 12 month low of $41.50 and a 12 month high of $73.39. The stock has a market capitalization of $2.99 billion, a PE ratio of 16.49 and a beta of 0.66.

Community Bank System (NYSE:CBU) last announced its quarterly earnings data on Tuesday, January 21st. The bank reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. The company had revenue of $196.30 million during the quarter, compared to the consensus estimate of $190.95 million. Community Bank System had a net margin of 19.40% and a return on equity of 10.94%. Community Bank System’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.76 EPS. Equities analysts predict that Community Bank System, Inc. will post 4.18 earnings per share for the current year.

Community Bank System Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Friday, March 14th will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date is Friday, March 14th. Community Bank System’s dividend payout ratio is presently 53.49%.

Analysts Set New Price Targets

Several research analysts have issued reports on CBU shares. Piper Sandler assumed coverage on shares of Community Bank System in a research report on Thursday, December 5th. They set a “neutral” rating and a $70.00 price objective on the stock. Keefe, Bruyette & Woods raised their price target on Community Bank System from $74.00 to $76.00 and gave the stock a “market perform” rating in a report on Wednesday, January 22nd.

Insider Buying and Selling at Community Bank System

In other Community Bank System news, SVP Jeffrey M. Levy sold 1,136 shares of the firm’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of $65.98, for a total value of $74,953.28. Following the completion of the sale, the senior vice president now owns 6,539 shares of the company’s stock, valued at approximately $431,443.22. This trade represents a 14.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.89% of the stock is owned by corporate insiders.

Community Bank System Profile

Community Bank System, Inc operates as the bank holding company for Community Bank, N.A. that provides various banking and other financial services to retail, commercial, institutional, and municipal customers. It operates through three segments: Banking, Employee Benefit Services, and All Other. The company offers various deposits products, such as interest and noninterest -bearing checking, savings, and money market deposit accounts, as well as time deposits.