Natixis Advisors LLC Raises Position in Community Bank System, Inc. (NYSE:CBU)

Natixis Advisors LLC grew its holdings in shares of Community Bank System, Inc. (NYSE:CBU) by 10.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,488 shares of the bank’s stock after purchasing an additional 1,228 shares during the quarter. Natixis Advisors LLC’s holdings in Community Bank System were worth $783,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in CBU. KBC Group NV raised its position in shares of Community Bank System by 23.6% in the 3rd quarter. KBC Group NV now owns 1,816 shares of the bank’s stock worth $105,000 after buying an additional 347 shares during the period. Atria Investments Inc raised its position in shares of Community Bank System by 30.6% in the 3rd quarter. Atria Investments Inc now owns 7,621 shares of the bank’s stock worth $443,000 after buying an additional 1,787 shares during the period. QRG Capital Management Inc. raised its position in shares of Community Bank System by 19.9% in the 3rd quarter. QRG Capital Management Inc. now owns 5,867 shares of the bank’s stock worth $341,000 after buying an additional 972 shares during the period. Ausbil Investment Management Ltd raised its position in shares of Community Bank System by 494.7% in the 3rd quarter. Ausbil Investment Management Ltd now owns 30,552 shares of the bank’s stock worth $1,774,000 after buying an additional 25,415 shares during the period. Finally, Fulton Bank N.A. raised its position in shares of Community Bank System by 9.5% in the 3rd quarter. Fulton Bank N.A. now owns 8,078 shares of the bank’s stock worth $469,000 after buying an additional 702 shares during the period. Hedge funds and other institutional investors own 73.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $59.00 target price on shares of Community Bank System in a research report on Tuesday, September 10th. 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.

Insider Activity

In other news, Director John F. Whipple sold 3,937 shares of the firm’s stock in a transaction dated 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 directly owns 5,823 shares in the company, valued at $425,661.30. This trade represents a 40.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.78% of the company’s stock.

Community Bank System Trading Down 0.7 %

NYSE:CBU opened at $69.60 on Thursday. The business’s 50-day moving average is $62.18 and its two-hundred day moving average is $56.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.76 and a quick ratio of 0.76. Community Bank System, Inc. has a 12 month low of $41.50 and a 12 month high of $73.39. The firm has a market capitalization of $3.66 billion, a PE ratio of 21.84 and a beta of 0.62.

Community Bank System (NYSE:CBU) last released 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 company had revenue of $188.94 million during the quarter, compared to analysts’ expectations of $186.35 million. Community Bank System had a net margin of 18.82% and a return on equity of 10.52%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the business earned $0.82 earnings per share. Research analysts predict that Community Bank System, Inc. will post 3.38 earnings per share for the current fiscal year.

Community Bank System Announces Dividend

The firm 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. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.84 annualized dividend and a dividend yield of 2.64%. Community Bank System’s dividend payout ratio is presently 57.32%.

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.