Anchor Capital Advisors LLC Boosts Stake in Community Bank System, Inc. (NYSE:CBU)

Anchor Capital Advisors LLC increased its position in shares of Community Bank System, Inc. (NYSE:CBU) by 37.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,802 shares of the bank’s stock after purchasing an additional 8,175 shares during the quarter. Anchor Capital Advisors LLC owned 0.06% of Community Bank System worth $1,553,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Strs Ohio boosted its holdings in Community Bank System by 900.0% in the 4th quarter. Strs Ohio now owns 1,000 shares of the bank’s stock worth $52,000 after buying an additional 900 shares during the last quarter. Invesco LLC purchased a new stake in shares of Community Bank System during the fourth quarter worth approximately $181,000. Bailard Inc. acquired a new position in Community Bank System in the 4th quarter valued at $203,000. Operose Advisors LLC purchased a new position in shares of Community Bank System in the third quarter worth about $166,000. Finally, Atria Wealth Solutions Inc. acquired a new position in Community Bank System during the fourth quarter worth about $206,000. 73.79% of the stock is owned by hedge funds and other institutional investors.

Community Bank System Stock Down 0.6 %

Community Bank System stock traded down $0.27 during midday trading on Tuesday, reaching $43.52. The company’s stock had a trading volume of 14,792 shares, compared to its average volume of 288,821. The company has a market cap of $2.30 billion, a P/E ratio of 13.77 and a beta of 0.66. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.24. The business has a 50-day simple moving average of $45.13 and a 200-day simple moving average of $45.95. Community Bank System, Inc. has a fifty-two week low of $35.38 and a fifty-two week high of $55.64.

Community Bank System Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Friday, March 15th were paid a dividend of $0.45 per share. The ex-dividend date was Thursday, March 14th. This represents a $1.80 annualized dividend and a dividend yield of 4.14%. Community Bank System’s dividend payout ratio (DPR) is 56.60%.

Insider Buying and Selling at Community Bank System

In other news, CEO Dimitar Karaivanov acquired 1,000 shares of the business’s stock in a transaction on Wednesday, February 14th. The stock was bought at an average price of $43.70 per share, for a total transaction of $43,700.00. Following the transaction, the chief executive officer now owns 16,265 shares in the company, valued at $710,780.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Mark J. Bolus sold 3,631 shares of Community Bank System stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $45.00, for a total transaction of $163,395.00. Following the completion of the sale, the director now directly owns 96,364 shares in the company, valued at approximately $4,336,380. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Dimitar Karaivanov bought 1,000 shares of the stock in a transaction on Wednesday, February 14th. The stock was purchased at an average cost of $43.70 per share, for a total transaction of $43,700.00. Following the acquisition, the chief executive officer now directly owns 16,265 shares of the company’s stock, valued at approximately $710,780.50. The disclosure for this purchase can be found here. Company insiders own 1.78% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. DA Davidson reaffirmed a “neutral” rating and issued a $50.00 target price on shares of Community Bank System in a research note on Thursday, March 14th. StockNews.com raised shares of Community Bank System to a “sell” rating in a research report on Friday, January 19th. Finally, Raymond James lifted their target price on Community Bank System from $45.00 to $55.00 and gave the company an “outperform” rating in a research report on Friday, January 5th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Community Bank System presently has an average rating of “Hold” and an average target price of $47.67.

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.