Insider Selling: Community Financial System (NYSE:CBU) Director Sells $129,500.00 in Stock

Community Financial System, Inc. (NYSE:CBU) Director Eric Stickels sold 2,000 shares of the stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $64.75, for a total value of $129,500.00. Following the completion of the transaction, the director owned 33,342 shares of the company’s stock, valued at $2,158,894.50. This trade represents a 5.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Community Financial System Trading Up 1.7%

Community Financial System stock opened at $66.50 on Friday. The company has a 50 day moving average price of $60.70 and a 200 day moving average price of $58.46. The firm has a market capitalization of $3.50 billion, a price-to-earnings ratio of 16.75 and a beta of 0.81. Community Financial System, Inc. has a 52 week low of $49.44 and a 52 week high of $67.67. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.76 and a current ratio of 0.75.

Community Financial System (NYSE:CBU) last released its earnings results on Tuesday, January 27th. The bank reported $1.07 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.06). Community Financial System had a net margin of 20.82% and a return on equity of 11.09%. The business had revenue of $215.56 million for the quarter, compared to analysts’ expectations of $212.85 million. During the same period last year, the firm earned $0.94 EPS. The company’s revenue was up 9.8% compared to the same quarter last year. Research analysts forecast that Community Financial System, Inc. will post 4.18 EPS for the current year.

Community Financial System Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Monday, March 16th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.8%. The ex-dividend date is Monday, March 16th. Community Financial System’s payout ratio is 47.36%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CBU. IFP Advisors Inc lifted its holdings in Community Financial System by 507.0% during the 4th quarter. IFP Advisors Inc now owns 522 shares of the bank’s stock valued at $30,000 after purchasing an additional 436 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in Community Financial System by 177.0% in the second quarter. EverSource Wealth Advisors LLC now owns 781 shares of the bank’s stock valued at $44,000 after purchasing an additional 499 shares in the last quarter. CWM LLC raised its position in shares of Community Financial System by 56.1% in the 3rd quarter. CWM LLC now owns 899 shares of the bank’s stock valued at $53,000 after buying an additional 323 shares in the last quarter. Lipe & Dalton bought a new stake in Community Financial System during the fourth quarter worth $52,000. Finally, Smartleaf Asset Management LLC lifted its position in shares of Community Financial System by 14.9% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,456 shares of the bank’s stock worth $86,000 after buying an additional 189 shares during the last quarter. 73.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on CBU. Janney Montgomery Scott lowered shares of Community Financial System from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 13th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $66.00 target price (down previously from $67.00) on shares of Community Financial System in a research report on Thursday, October 23rd. Wall Street Zen lowered Community Financial System from a “hold” rating to a “sell” rating in a research note on Saturday, January 17th. Weiss Ratings reissued a “hold (c+)” rating on shares of Community Financial System in a report on Monday, December 29th. Finally, Piper Sandler began coverage on shares of Community Financial System in a research note on Wednesday, December 3rd. They set a “neutral” rating and a $62.00 price target for the company. Four research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $64.00.

Community Financial System Company Profile

Community Financial System (NYSE: CBU) is the bank holding company for Community Bank, National Association, a full-service commercial bank headquartered in DeWitt, New York. Through its principal subsidiary, the company offers a range of banking and financial services designed to meet the needs of both consumer and business clients. Its organizational structure centers on community-based banking operations supported by centralized technology, risk management and administrative functions.

The company’s product offerings include deposit accounts, residential and commercial mortgage loans, commercial and consumer lending, treasury and cash management services, and electronic banking.