Insider Selling: Community Bank System, Inc. (NYSE:CBU) Director Sells 3,937 Shares of Stock

Community Bank System, Inc. (NYSE:CBU) Director John F. Whipple sold 3,937 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $73.10, for a total transaction of $287,794.70. Following the completion of the sale, the director now owns 5,823 shares in the company, valued at $425,661.30. This represents a 40.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Community Bank System Trading Down 1.6 %

NYSE CBU traded down $1.16 on Tuesday, hitting $70.29. 67,374 shares of the stock were exchanged, compared to its average volume of 281,565. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a fifty day moving average price of $61.94 and a two-hundred day moving average price of $55.84. The firm has a market capitalization of $3.69 billion, a P/E ratio of 22.27 and a beta of 0.62. Community Bank System, Inc. has a 52-week low of $41.50 and a 52-week high of $73.39.

Community Bank System (NYSE:CBU) last posted its quarterly earnings data on Tuesday, October 22nd. The bank reported $0.83 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.05). The firm had revenue of $188.94 million for the quarter, compared to analysts’ expectations of $186.35 million. Community Bank System had a return on equity of 10.52% and a net margin of 18.82%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.82 earnings per share. Research analysts forecast that Community Bank System, Inc. will post 3.38 EPS for the current fiscal year.

Community Bank System Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 13th will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date of this dividend is Friday, December 13th. Community Bank System’s dividend payout ratio is currently 57.32%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CBU shares. Raymond James upgraded shares of Community Bank System from a “market perform” rating to a “strong-buy” rating and set a $67.00 price target on the stock in a research report on Monday, October 28th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $59.00 price target on shares of Community Bank System in a research report on Tuesday, September 10th.

Institutional Trading of Community Bank System

A number of large investors have recently made changes to their positions in CBU. Dimensional Fund Advisors LP boosted its stake in shares of Community Bank System by 8.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,770,648 shares of the bank’s stock valued at $83,588,000 after purchasing an additional 142,909 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Community Bank System by 164.9% during the second quarter. Victory Capital Management Inc. now owns 213,167 shares of the bank’s stock valued at $10,064,000 after purchasing an additional 132,697 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of Community Bank System by 152.9% during the second quarter. Assenagon Asset Management S.A. now owns 182,397 shares of the bank’s stock valued at $8,611,000 after purchasing an additional 110,288 shares during the period. Jane Street Group LLC boosted its stake in shares of Community Bank System by 151.8% during the third quarter. Jane Street Group LLC now owns 127,227 shares of the bank’s stock valued at $7,388,000 after purchasing an additional 76,703 shares during the period. Finally, Boston Partners purchased a new stake in shares of Community Bank System during the first quarter valued at $3,558,000. 73.79% of the stock is owned by hedge funds and other 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.