Community Bank System, Inc. (NYSE:CBU) SVP Sells $74,953.28 in Stock

Community Bank System, Inc. (NYSE:CBU) SVP Jeffrey M. Levy sold 1,136 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $65.98, for a total transaction of $74,953.28. Following the completion of the sale, the senior vice president now owns 6,539 shares in the company, valued at $431,443.22. This represents a 14.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Community Bank System Price Performance

NYSE CBU opened at $65.15 on Thursday. The business’s fifty day moving average is $64.86 and its 200 day moving average is $61.84. Community Bank System, Inc. has a fifty-two week low of $41.50 and a fifty-two week high of $73.39. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.76 and a current ratio of 0.76. The company has a market capitalization of $3.42 billion, a PE ratio of 18.94 and a beta of 0.67.

Community Bank System (NYSE:CBU) last posted its quarterly earnings data on Tuesday, January 21st. The bank reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. The firm had revenue of $196.30 million for the quarter, compared to analysts’ expectations of $190.95 million. Community Bank System had a return on equity of 10.94% and a net margin of 19.40%. The business’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.76 EPS. Sell-side analysts predict that Community Bank System, Inc. will post 4.01 earnings per share for the current year.

Community Bank System Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Friday, March 14th will be paid a $0.46 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.82%. Community Bank System’s dividend payout ratio (DPR) is presently 53.49%.

Institutional Trading of Community Bank System

Institutional investors and hedge funds have recently modified their holdings of the company. Versant Capital Management Inc raised its position in Community Bank System by 99.2% in the 4th quarter. Versant Capital Management Inc now owns 478 shares of the bank’s stock worth $29,000 after purchasing an additional 238 shares during the period. KBC Group NV lifted its stake in shares of Community Bank System by 23.6% during the 3rd quarter. KBC Group NV now owns 1,816 shares of the bank’s stock worth $105,000 after acquiring an additional 347 shares during the last quarter. Invesco LLC boosted its holdings in Community Bank System by 7.0% during 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. The Manufacturers Life Insurance Company grew its position in Community Bank System by 1.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 29,088 shares of the bank’s stock valued at $1,373,000 after acquiring an additional 484 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in Community Bank System by 1.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 50,322 shares of the bank’s stock worth $3,104,000 after purchasing an additional 499 shares during the period. 73.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CBU has been the subject of several research analyst reports. Piper Sandler initiated coverage on Community Bank System in a report on Thursday, December 5th. They issued a “neutral” rating and a $70.00 price objective for the company. Keefe, Bruyette & Woods boosted their price target on Community Bank System from $74.00 to $76.00 and gave the company a “market perform” rating in a research note on Wednesday, January 22nd. Finally, Raymond James upgraded shares of Community Bank System from a “market perform” rating to a “strong-buy” rating and set a $67.00 price objective on the stock in a research note on Monday, October 28th.

Community Bank System Company 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.