Community Bank System, Inc. (NYSE:CBU) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC decreased its holdings in shares of Community Bank System, Inc. (NYSE:CBU) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,903 shares of the bank’s stock after selling 403 shares during the period. Yousif Capital Management LLC’s holdings in Community Bank System were worth $1,228,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Versant Capital Management Inc lifted its position in Community Bank System by 99.2% during the 4th quarter. Versant Capital Management Inc now owns 478 shares of the bank’s stock worth $29,000 after acquiring an additional 238 shares during the period. KBC Group NV lifted its holdings in shares of Community Bank System by 23.6% during the third quarter. KBC Group NV now owns 1,816 shares of the bank’s stock worth $105,000 after purchasing an additional 347 shares during the period. Invesco LLC grew its position in Community Bank System by 7.0% in the 4th quarter. Invesco LLC now owns 6,763 shares of the bank’s stock valued at $417,000 after buying an additional 442 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in Community Bank System by 1.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 50,322 shares of the bank’s stock valued at $3,104,000 after buying an additional 499 shares during the period. Finally, Riggs Asset Managment Co. Inc. raised its position in Community Bank System by 14.0% during the 4th quarter. Riggs Asset Managment Co. Inc. now owns 6,111 shares of the bank’s stock worth $378,000 after buying an additional 750 shares during the last quarter. Hedge funds and other institutional investors own 73.79% of the company’s stock.

Insider Transactions at Community Bank System

In related news, SVP Jeffrey M. Levy sold 1,136 shares of Community Bank System stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $65.98, for a total transaction of $74,953.28. Following the completion of the transaction, the senior vice president now directly owns 6,539 shares in the company, 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 SEC, which is available at this hyperlink. Also, 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 sale, the director now owns 5,823 shares in the company, valued at approximately $425,661.30. This trade represents a 40.34 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.89% of the company’s stock.

Analyst Ratings Changes

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

Community Bank System Stock Up 0.9 %

Shares of NYSE CBU opened at $65.30 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.42. The firm has a 50-day moving average price of $64.17 and a 200 day moving average price of $62.33. Community Bank System, Inc. has a 52 week low of $41.50 and a 52 week high of $73.39. The stock has a market capitalization of $3.43 billion, a price-to-earnings ratio of 18.98 and a beta of 0.67.

Community Bank System (NYSE:CBU) last announced its quarterly earnings results on Tuesday, January 21st. The bank reported $0.94 EPS for the quarter, topping the consensus estimate 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 business had revenue of $196.30 million for the quarter, compared to analyst estimates of $190.95 million. During the same quarter in the previous year, the company earned $0.76 EPS. The company’s quarterly revenue was up 10.8% on a year-over-year basis. Equities research analysts anticipate that Community Bank System, Inc. will post 4.18 EPS 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. Stockholders of record on Friday, March 14th will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date is Friday, March 14th. Community Bank System’s dividend payout ratio is currently 53.49%.

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.