Ausbil Investment Management Ltd Has $1.77 Million Stake in Community Bank System, Inc. (NYSE:CBU)

Ausbil Investment Management Ltd increased its stake in Community Bank System, Inc. (NYSE:CBU) by 494.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 30,552 shares of the bank’s stock after purchasing an additional 25,415 shares during the period. Ausbil Investment Management Ltd owned approximately 0.06% of Community Bank System worth $1,774,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in Community Bank System by 8.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,770,648 shares of the bank’s stock worth $83,588,000 after acquiring an additional 142,909 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Community Bank System by 164.9% during the second quarter. Victory Capital Management Inc. now owns 213,167 shares of the bank’s stock worth $10,064,000 after acquiring an additional 132,697 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of Community Bank System by 152.9% during the second quarter. Assenagon Asset Management S.A. now owns 182,397 shares of the bank’s stock worth $8,611,000 after acquiring an additional 110,288 shares during the last quarter. Boston Partners acquired a new position in shares of Community Bank System in the first quarter worth approximately $3,558,000. Finally, Waterford Advisors LLC acquired a new position in shares of Community Bank System in the 1st quarter worth approximately $2,155,000. 73.79% of the stock is currently owned by institutional investors and hedge funds.

Community Bank System Stock Performance

Shares of CBU stock traded down $0.68 during trading on Thursday, hitting $57.44. The company’s stock had a trading volume of 28,380 shares, compared to its average volume of 281,511. The business has a fifty day moving average of $58.91 and a 200-day moving average of $52.34. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.43. The company has a market cap of $3.03 billion, a PE ratio of 18.29 and a beta of 0.64. Community Bank System, Inc. has a 52 week low of $36.42 and a 52 week high of $63.95.

Community Bank System (NYSE:CBU) last posted its earnings results on Tuesday, October 22nd. The bank reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.05). Community Bank System had a return on equity of 8.94% and a net margin of 15.90%. The business had revenue of $188.94 million during the quarter, compared to analysts’ expectations of $186.35 million. During the same quarter in the previous year, the business earned $0.82 EPS. Community Bank System’s revenue for the quarter was up 7.7% on a year-over-year basis. As a group, research analysts anticipate that Community Bank System, Inc. will post 3.42 earnings per share for the current year.

Community Bank System Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 13th will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date is Friday, December 13th. Community Bank System’s payout ratio is currently 57.86%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Raymond James cut Community Bank System from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 24th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $59.00 price target on shares of Community Bank System in a research note on Tuesday, September 10th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $50.50.

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.