Jeffrey M. Levy Sells 1,136 Shares of Community Bank System, Inc. (NYSE:CBU) Stock

Community Bank System, Inc. (NYSE:CBU) 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 directly owns 6,539 shares of the company’s stock, valued at $431,443.22. The trade was a 14.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Community Bank System Price Performance

Shares of CBU opened at $65.15 on Thursday. The firm’s 50-day simple moving average is $64.86 and its two-hundred day simple 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 stock has a market cap of $3.42 billion, a PE ratio of 18.94 and a beta of 0.67. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.76 and a current ratio of 0.76.

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. Community Bank System had a return on equity of 10.94% and a net margin of 19.40%. The company had revenue of $196.30 million during the quarter, compared to analyst estimates of $190.95 million. During the same quarter last year, the company earned $0.76 EPS. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. Analysts anticipate that Community Bank System, Inc. will post 4.01 earnings per share for the current fiscal year.

Community Bank System Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Piper Sandler started coverage on shares of Community Bank System in a research report on Thursday, December 5th. They issued a “neutral” rating and a $70.00 target price for the company. Raymond James raised 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 report on Monday, October 28th. Finally, Keefe, Bruyette & Woods raised their target price 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.

Institutional Trading of Community Bank System

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Versant Capital Management Inc lifted its stake in shares of Community Bank System by 99.2% in the fourth quarter. Versant Capital Management Inc now owns 478 shares of the bank’s stock worth $29,000 after buying an additional 238 shares in the last quarter. Point72 DIFC Ltd bought a new position in Community Bank System in the 2nd quarter valued at approximately $76,000. KBC Group NV boosted its stake in Community Bank System by 23.6% during the 3rd quarter. KBC Group NV now owns 1,816 shares of the bank’s stock valued at $105,000 after purchasing an additional 347 shares during the last quarter. Stone House Investment Management LLC increased its holdings in shares of Community Bank System by 51.0% in the 3rd quarter. Stone House Investment Management LLC now owns 2,360 shares of the bank’s stock worth $137,000 after purchasing an additional 797 shares in the last quarter. Finally, Geneos Wealth Management Inc. purchased a new position in shares of Community Bank System in the fourth quarter worth $141,000. 73.79% of the stock is currently owned by institutional investors.

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.