Community Bank System, Inc. (NYSE:CBU) Holdings Boosted by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC raised its stake in Community Bank System, Inc. (NYSE:CBU) by 140.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,203 shares of the bank’s stock after buying an additional 702 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Community Bank System were worth $74,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of CBU. Barclays PLC boosted its holdings in Community Bank System by 99.0% in the third quarter. Barclays PLC now owns 109,647 shares of the bank’s stock worth $6,367,000 after purchasing an additional 54,554 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in Community Bank System by 56.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 22,582 shares of the bank’s stock worth $1,311,000 after acquiring an additional 8,113 shares during the period. Principal Financial Group Inc. lifted its position in Community Bank System by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 254,869 shares of the bank’s stock worth $15,720,000 after acquiring an additional 7,160 shares during the last quarter. Citigroup Inc. lifted its position in Community Bank System by 9.5% during the 3rd quarter. Citigroup Inc. now owns 96,742 shares of the bank’s stock worth $5,618,000 after acquiring an additional 8,356 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Community Bank System by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 652,991 shares of the bank’s stock valued at $37,919,000 after acquiring an additional 9,863 shares during the period. Institutional investors and hedge funds own 73.79% of the company’s stock.

Community Bank System Stock Up 0.1 %

Shares of NYSE CBU opened at $59.60 on Monday. 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 business has a fifty day moving average of $63.46 and a two-hundred day moving average of $62.86. The stock has a market cap of $3.14 billion, a PE ratio of 17.33 and a beta of 0.66.

Community Bank System (NYSE:CBU) last announced its quarterly earnings results on Tuesday, January 21st. The bank reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.04. The firm had revenue of $196.30 million during the quarter, compared to the consensus estimate 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 quarterly revenue was up 10.8% on a year-over-year basis. During the same period last year, the firm posted $0.76 EPS. As a group, equities research analysts expect that Community Bank System, Inc. will post 4.18 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 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 3.09%. The ex-dividend date of this dividend is Friday, March 14th. Community Bank System’s payout ratio is currently 53.49%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Piper Sandler began coverage on shares of 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. Keefe, Bruyette & Woods raised their price target on shares of 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.

Insider Buying and Selling

In related news, SVP Jeffrey M. Levy sold 1,136 shares of Community Bank System stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $65.98, for a total value of $74,953.28. Following the completion of the transaction, the senior vice president now directly owns 6,539 shares of the company’s stock, valued at $431,443.22. The trade was a 14.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.89% of the stock is owned by corporate insiders.

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.