Kerrie D. Macpherson Acquires 320 Shares of Community Bank System, Inc. (NYSE:CBU) Stock

Community Bank System, Inc. (NYSE:CBU) Director Kerrie D. Macpherson bought 320 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was acquired at an average price of $62.20 per share, with a total value of $19,904.00. Following the completion of the purchase, the director now directly owns 3,302 shares of the company’s stock, valued at approximately $205,384.40. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Community Bank System Stock Performance

Shares of NYSE:CBU opened at $67.50 on Friday. The firm has a market capitalization of $3.55 billion, a PE ratio of 21.03 and a beta of 0.62. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.75 and a quick ratio of 0.76. The business has a 50-day moving average of $59.38 and a two-hundred day moving average of $53.69. Community Bank System, Inc. has a 12 month low of $40.74 and a 12 month high of $71.49.

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

Community Bank System Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 13th will be paid a dividend of $0.46 per share. The ex-dividend date is Friday, December 13th. This represents a $1.84 annualized dividend and a yield of 2.73%. Community Bank System’s dividend payout ratio is presently 57.32%.

Institutional Investors Weigh In On Community Bank System

A number of large investors have recently modified their holdings of the stock. LMR Partners LLP acquired a new stake in shares of Community Bank System in the third quarter valued at about $334,000. Quest Partners LLC acquired a new stake in shares of Community Bank System in the third quarter valued at about $1,551,000. Natixis Advisors LLC grew its stake in shares of Community Bank System by 10.0% in the third quarter. Natixis Advisors LLC now owns 13,488 shares of the bank’s stock valued at $783,000 after buying an additional 1,228 shares in the last quarter. KBC Group NV grew its stake in shares of Community Bank System by 23.6% in the third quarter. KBC Group NV now owns 1,816 shares of the bank’s stock valued at $105,000 after buying an additional 347 shares in the last quarter. Finally, Atria Investments Inc grew its stake in shares of Community Bank System by 30.6% in the third quarter. Atria Investments Inc now owns 7,621 shares of the bank’s stock valued at $443,000 after buying an additional 1,787 shares in the last quarter. Institutional investors and hedge funds own 73.79% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $59.00 target price on shares of Community Bank System in a research note on Tuesday, September 10th. Raymond James upgraded Community Bank System from a “market perform” rating to a “strong-buy” rating and set a $67.00 price target for the company in a research note on Monday, October 28th.

About Community Bank System

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.