Community Bank System, Inc. (NYSE:CBU) Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its position in shares of Community Bank System, Inc. (NYSE:CBU) by 6.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,767 shares of the bank’s stock after purchasing an additional 3,085 shares during the period. Wealth Enhancement Advisory Services LLC owned approximately 0.10% of Community Bank System worth $3,064,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in CBU. Dimensional Fund Advisors LP grew its stake in Community Bank System by 8.8% during the 2nd 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 in the last quarter. Jane Street Group LLC raised its holdings in Community Bank System by 151.8% in the third quarter. Jane Street Group LLC now owns 127,227 shares of the bank’s stock valued at $7,388,000 after acquiring an additional 76,703 shares in the last quarter. Barclays PLC boosted its stake in Community Bank System by 99.0% during the 3rd quarter. Barclays PLC now owns 109,647 shares of the bank’s stock valued at $6,367,000 after acquiring an additional 54,554 shares during the last quarter. Algert Global LLC grew its holdings in Community Bank System by 371.9% during the 3rd quarter. Algert Global LLC now owns 64,193 shares of the bank’s stock worth $3,728,000 after acquiring an additional 50,590 shares in the last quarter. Finally, Quest Partners LLC bought a new stake in shares of Community Bank System in the 3rd quarter worth about $1,551,000. Hedge funds and other institutional investors own 73.79% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Piper Sandler began coverage on Community Bank System in a research note on Thursday, December 5th. They issued a “neutral” rating and a $70.00 price target for the company. Raymond James upgraded 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 report on Monday, October 28th. Finally, Keefe, Bruyette & Woods upped their price target on Community Bank System from $64.00 to $74.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $65.25.

Insider Transactions at Community Bank System

In other news, Director John F. Whipple sold 3,937 shares of Community Bank System stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $73.10, for a total value of $287,794.70. Following the transaction, the director now directly owns 5,823 shares in the company, valued at approximately $425,661.30. The trade was a 40.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.89% of the stock is currently owned by corporate insiders.

Community Bank System Price Performance

CBU stock opened at $61.47 on Wednesday. Community Bank System, Inc. has a one year low of $41.50 and a one year high of $73.39. The firm has a 50-day moving average of $65.85 and a two-hundred day moving average of $60.64. The firm has a market capitalization of $3.23 billion, a PE ratio of 19.15 and a beta of 0.67. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.35.

Community Bank System (NYSE:CBU) last issued its earnings results on Tuesday, October 22nd. The bank reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.05). Community Bank System had a net margin of 18.82% and a return on equity of 10.52%. The business had revenue of $188.94 million during the quarter, compared to analyst estimates of $186.35 million. During the same quarter in the prior year, the company earned $0.82 EPS. Community Bank System’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, analysts forecast that Community Bank System, Inc. will post 3.39 earnings per share for the current year.

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.