KBC Group NV Has $144,000 Stake in Community Bank System, Inc. (NYSE:CBU)

KBC Group NV raised its stake in shares of Community Bank System, Inc. (NYSE:CBUFree Report) by 28.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,335 shares of the bank’s stock after buying an additional 519 shares during the quarter. KBC Group NV’s holdings in Community Bank System were worth $144,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Marshall Wace LLP bought a new stake in shares of Community Bank System in the 2nd quarter valued at $538,000. The Manufacturers Life Insurance Company grew its stake in Community Bank System by 1.7% in the second 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 period. Ausbil Investment Management Ltd increased its holdings in shares of Community Bank System by 494.7% in the third quarter. Ausbil Investment Management Ltd now owns 30,552 shares of the bank’s stock worth $1,774,000 after acquiring an additional 25,415 shares in the last quarter. QRG Capital Management Inc. raised its position in shares of Community Bank System by 19.9% during the third quarter. QRG Capital Management Inc. now owns 5,867 shares of the bank’s stock worth $341,000 after purchasing an additional 972 shares during the period. Finally, Atria Investments Inc lifted its holdings in shares of Community Bank System by 30.6% during the 3rd quarter. Atria Investments Inc now owns 7,621 shares of the bank’s stock valued at $443,000 after purchasing an additional 1,787 shares in the last quarter. 73.79% of the stock is owned by institutional investors.

Insider Activity at Community Bank System

In other Community Bank System news, Director John F. Whipple sold 3,937 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $73.10, for a total value 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 trade represents a 40.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Jeffrey M. Levy sold 1,136 shares of the business’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $65.98, for a total transaction of $74,953.28. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 1.78% of the stock is owned by company insiders.

Community Bank System Trading Up 1.3 %

NYSE CBU opened at $67.96 on Friday. Community Bank System, Inc. has a 52 week low of $41.50 and a 52 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 stock’s 50 day moving average price is $64.42 and its two-hundred day moving average price is $62.14. The stock has a market capitalization of $3.57 billion, a price-to-earnings ratio of 19.76 and a beta of 0.67.

Community Bank System (NYSE:CBUGet Free Report) last announced its quarterly earnings data on Tuesday, January 21st. The bank reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. The business had revenue of $196.30 million for the quarter, compared to analyst estimates of $190.95 million. Community Bank System had a net margin of 19.40% and a return on equity of 10.94%. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.76 earnings per share. As a group, analysts anticipate that Community Bank System, Inc. will post 4.16 earnings per share for the current fiscal year.

Community Bank System Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Friday, March 14th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend is Friday, March 14th. Community Bank System’s payout ratio is 53.49%.

Wall Street Analyst Weigh In

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

View Our Latest Stock Report on Community Bank System

About Community Bank System

(Free Report)

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.

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Institutional Ownership by Quarter for Community Bank System (NYSE:CBU)

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