Nottingham Advisors Inc. Sells 4,483 Shares of Community Bank System, Inc. (NYSE:CBU)

Nottingham Advisors Inc. lowered its holdings in shares of Community Bank System, Inc. (NYSE:CBU) by 3.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,811 shares of the bank’s stock after selling 4,483 shares during the period. Community Bank System comprises 0.8% of Nottingham Advisors Inc.’s portfolio, making the stock its 27th largest holding. Nottingham Advisors Inc. owned approximately 0.23% of Community Bank System worth $7,190,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Goldman Sachs Group Inc. lifted its position in shares of Community Bank System by 15.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 814,362 shares of the bank’s stock worth $42,436,000 after buying an additional 107,285 shares during the period. Vanguard Group Inc. increased its position in shares of Community Bank System by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 6,596,018 shares of the bank’s stock worth $343,718,000 after purchasing an additional 43,001 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Community Bank System by 19.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,121 shares of the bank’s stock valued at $423,000 after purchasing an additional 1,296 shares during the last quarter. Moody National Bank Trust Division grew its stake in Community Bank System by 28.1% during the first quarter. Moody National Bank Trust Division now owns 14,851 shares of the bank’s stock worth $713,000 after buying an additional 3,256 shares during the last quarter. Finally, Fulton Bank N.A. grew its stake in Community Bank System by 10.5% during the first quarter. Fulton Bank N.A. now owns 6,476 shares of the bank’s stock worth $311,000 after buying an additional 617 shares during the last quarter. Institutional investors own 73.79% of the company’s stock.

Analyst Upgrades and Downgrades

CBU has been the topic of several recent analyst reports. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $59.00 target price on shares of Community Bank System in a report on Tuesday, September 10th. Raymond James cut Community Bank System from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $50.50.

Community Bank System Trading Up 1.1 %

CBU traded up $0.66 during mid-day trading on Thursday, reaching $63.16. The stock had a trading volume of 9,197 shares, compared to its average volume of 282,899. The firm’s fifty day simple moving average is $58.65 and its two-hundred day simple moving average is $51.87. The stock has a market capitalization of $3.33 billion, a P/E ratio of 19.67 and a beta of 0.64. Community Bank System, Inc. has a 52 week low of $35.38 and a 52 week high of $63.95. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.76 and a current ratio of 0.76.

Community Bank System (NYSE:CBU) last announced its quarterly earnings data on Tuesday, July 23rd. The bank reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.14. The firm had revenue of $183.80 million during the quarter, compared to analyst estimates of $180.05 million. Community Bank System had a return on equity of 8.94% and a net margin of 15.90%. The company’s revenue was up 4.9% on a year-over-year basis. During the same period last year, the company earned $0.91 earnings per share. On average, equities analysts predict that Community Bank System, Inc. will post 3.42 EPS for the current year.

Community Bank System Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 13th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 2.91%. Community Bank System’s payout ratio is presently 57.86%.

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.