Jeffrey M. Levy Sells 1,136 Shares of Community Bank System, Inc. (NYSE:CBU) Stock

Community Bank System, Inc. (NYSE:CBU) SVP Jeffrey M. Levy sold 1,136 shares of Community Bank System stock in a transaction on Friday, January 24th. The stock was sold at an average price of $65.98, for a total value of $74,953.28. Following the sale, the senior vice president now owns 6,539 shares of the company’s stock, valued at approximately $431,443.22. This trade represents a 14.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Community Bank System Trading Down 1.5 %

NYSE CBU opened at $65.29 on Wednesday. The company’s 50-day simple moving average is $64.91 and its two-hundred day simple moving average is $61.82. Community Bank System, Inc. has a one year low of $41.50 and a one year high of $73.39. The company has a market capitalization of $3.43 billion, a price-to-earnings ratio of 18.98 and a beta of 0.67. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.76 and a current ratio of 0.76.

Community Bank System (NYSE:CBU) last issued its quarterly earnings data on Tuesday, January 21st. The bank reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. The company 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%. Community Bank System’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.76 earnings per share. Equities analysts forecast that Community Bank System, Inc. will post 4.01 EPS for the current fiscal year.

Community Bank System Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Friday, March 14th will be paid a $0.46 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.84 annualized dividend and a yield of 2.82%. Community Bank System’s dividend payout ratio (DPR) is presently 53.49%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on CBU shares. Raymond James raised shares of Community Bank System from a “market perform” rating to a “strong-buy” rating and set a $67.00 price target on the stock in a research note on Monday, October 28th. Keefe, Bruyette & Woods lifted their price target on shares of Community Bank System from $74.00 to $76.00 and gave the company a “market perform” rating in a research note on Wednesday, January 22nd. Finally, Piper Sandler started coverage on Community Bank System in a research note on Thursday, December 5th. They issued a “neutral” rating and a $70.00 price objective on the stock.

Institutional Trading of Community Bank System

Hedge funds have recently modified their holdings of the company. Riggs Asset Managment Co. Inc. grew its position in shares of Community Bank System by 14.0% in the 4th quarter. Riggs Asset Managment Co. Inc. now owns 6,111 shares of the bank’s stock worth $378,000 after buying an additional 750 shares during the last quarter. Invesco LLC grew its holdings in Community Bank System by 7.0% in the fourth quarter. Invesco LLC now owns 6,763 shares of the bank’s stock worth $417,000 after purchasing an additional 442 shares during the last quarter. KBC Group NV grew its holdings in Community Bank System by 28.6% in the fourth quarter. KBC Group NV now owns 2,335 shares of the bank’s stock worth $144,000 after purchasing an additional 519 shares during the last quarter. Geneos Wealth Management Inc. acquired a new position in shares of Community Bank System during the fourth quarter worth $141,000. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Community Bank System by 1.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 50,322 shares of the bank’s stock valued at $3,104,000 after purchasing an additional 499 shares during the last quarter. 73.79% of the stock is owned by hedge funds and other institutional investors.

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.