Community Bank System, Inc. (NYSE:CBU - Get Free Report) Director Kerrie D. Macpherson acquired 320 shares of Community Bank System stock in a transaction dated Tuesday, November 5th. The stock was purchased at an average cost of $62.20 per share, with a total value of $19,904.00. Following the completion of the purchase, the director now owns 3,302 shares of the company's stock, valued at approximately $205,384.40. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Community Bank System Stock Performance
CBU opened at $70.77 on Thursday. The stock has a market capitalization of $3.72 billion, a price-to-earnings ratio of 22.05 and a beta of 0.62. Community Bank System, Inc. has a fifty-two week low of $40.74 and a fifty-two week high of $71.49. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.76 and a current ratio of 0.75. The company has a fifty day moving average of $59.24 and a 200 day moving average of $53.59.
Community Bank System (NYSE:CBU - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The bank reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.05). The firm had revenue of $188.94 million during the quarter, compared to the consensus estimate of $186.35 million. Community Bank System had a return on equity of 10.52% and a net margin of 18.82%. The company's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the firm posted $0.82 earnings per share. As a group, sell-side analysts forecast that Community Bank System, Inc. will post 3.39 earnings per share for the current fiscal year.
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The firm also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 13th will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.60%. Community Bank System's dividend payout ratio is 57.32%.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in CBU. Point72 DIFC Ltd bought a new position in shares of Community Bank System during the 2nd quarter worth approximately $76,000. KBC Group NV increased 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 worth $105,000 after acquiring an additional 347 shares during the period. Benjamin Edwards Inc. raised its stake in shares of Community Bank System by 27.5% during the 2nd quarter. Benjamin Edwards Inc. now owns 3,436 shares of the bank's stock valued at $162,000 after buying an additional 741 shares during the last quarter. IFG Advisory LLC purchased a new position in Community Bank System during the second quarter valued at approximately $212,000. Finally, QRG Capital Management Inc. lifted its stake in shares of Community Bank System by 4.5% in the 2nd quarter. QRG Capital Management Inc. now owns 4,895 shares of the bank's stock valued at $231,000 after purchasing an additional 212 shares during the period. Hedge funds and other institutional investors own 73.79% of the company's stock.
Analysts Set New Price Targets
A number of brokerages have issued reports on CBU. 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. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $59.00 target price on shares of Community Bank System in a research report on Tuesday, September 10th.
Check Out Our Latest Stock Report on Community Bank System
About Community Bank System
(
Get Free Report)
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.
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