Level Four Advisory Services LLC Increases Stock Holdings in Community Bank System, Inc. (NYSE:CBU)

Level Four Advisory Services LLC grew its holdings in shares of Community Bank System, Inc. (NYSE:CBU) by 32.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,125 shares of the bank’s stock after purchasing an additional 2,721 shares during the quarter. Level Four Advisory Services LLC’s holdings in Community Bank System were worth $686,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Versant Capital Management Inc grew its position in Community Bank System by 99.2% during the fourth quarter. Versant Capital Management Inc now owns 478 shares of the bank’s stock valued at $29,000 after buying an additional 238 shares during the period. US Bancorp DE boosted its stake in shares of Community Bank System by 17.1% during the 4th quarter. US Bancorp DE now owns 1,081 shares of the bank’s stock worth $67,000 after acquiring an additional 158 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of Community Bank System by 140.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,203 shares of the bank’s stock valued at $74,000 after acquiring an additional 702 shares during the period. Principal Securities Inc. increased its stake in shares of Community Bank System by 13.7% in the 4th quarter. Principal Securities Inc. now owns 1,774 shares of the bank’s stock worth $109,000 after purchasing an additional 214 shares in the last quarter. Finally, Assetmark Inc. bought a new position in Community Bank System in the 4th quarter worth $127,000. Hedge funds and other institutional investors own 73.79% of the company’s stock.

Insider Transactions at Community Bank System

In other Community Bank System news, SVP Jeffrey M. Levy sold 1,136 shares of Community Bank System stock in a transaction on Friday, January 24th. The shares were sold at an average price of $65.98, for a total value of $74,953.28. Following the sale, the senior vice president now directly owns 6,539 shares in the company, valued at approximately $431,443.22. The trade was a 14.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.89% of the company’s stock.

Community Bank System Trading Down 2.0 %

Shares of Community Bank System stock opened at $56.72 on Monday. Community Bank System, Inc. has a fifty-two week low of $41.50 and a fifty-two 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 company has a market capitalization of $2.99 billion, a P/E ratio of 16.49 and a beta of 0.66. The company has a fifty day moving average of $62.31 and a 200 day moving average of $62.60.

Community Bank System (NYSE:CBU) last released its quarterly earnings data on Tuesday, January 21st. The bank reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. The firm had revenue of $196.30 million during the quarter, compared to analyst estimates of $190.95 million. Community Bank System had a return on equity of 10.94% and a net margin of 19.40%. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.76 earnings per share. On average, sell-side analysts anticipate that Community Bank System, Inc. will post 4.18 earnings per share for the current fiscal year.

Community Bank System Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Friday, March 14th will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 3.24%. The ex-dividend date is Friday, March 14th. Community Bank System’s payout ratio is currently 53.49%.

Analyst Ratings Changes

Several analysts have issued reports on CBU shares. Keefe, Bruyette & Woods boosted their price target on Community Bank System from $74.00 to $76.00 and gave the company a “market perform” rating in a report on Wednesday, January 22nd. Piper Sandler assumed coverage on shares of Community Bank System in a report on Thursday, December 5th. They issued a “neutral” rating and a $70.00 target price for the company.

Community Bank System 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.