3,471 Shares in Community Bank System, Inc. (CBU) Acquired by Alpha Omega Wealth Management LLC

Alpha Omega Wealth Management LLC purchased a new position in shares of Community Bank System, Inc. (NYSE:CBU) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 3,471 shares of the bank’s stock, valued at approximately $212,000.

Several other large investors also recently bought and sold shares of the business. Strs Ohio increased its holdings in shares of Community Bank System by 29.0% during the 2nd quarter. Strs Ohio now owns 4,000 shares of the bank’s stock worth $236,000 after acquiring an additional 900 shares during the last quarter. Meadow Creek Investment Management LLC increased its holdings in shares of Community Bank System by 14.8% during the 2nd quarter. Meadow Creek Investment Management LLC now owns 7,364 shares of the bank’s stock worth $435,000 after acquiring an additional 952 shares during the last quarter. Piedmont Investment Advisors LLC increased its holdings in shares of Community Bank System by 9.3% during the 2nd quarter. Piedmont Investment Advisors LLC now owns 11,866 shares of the bank’s stock worth $701,000 after acquiring an additional 1,008 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Community Bank System by 15.9% during the 2nd quarter. Victory Capital Management Inc. now owns 7,982 shares of the bank’s stock worth $471,000 after acquiring an additional 1,096 shares during the last quarter. Finally, Glen Harbor Capital Management LLC increased its holdings in shares of Community Bank System by 14.8% during the 2nd quarter. Glen Harbor Capital Management LLC now owns 8,942 shares of the bank’s stock worth $528,000 after acquiring an additional 1,156 shares during the last quarter. 70.57% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently weighed in on the company. Boenning Scattergood reissued a “hold” rating on shares of Community Bank System in a report on Monday, July 23rd. Zacks Investment Research downgraded Community Bank System from a “buy” rating to a “hold” rating in a research note on Friday, August 3rd. ValuEngine upgraded Community Bank System from a “hold” rating to a “buy” rating in a research note on Tuesday, July 24th. Finally, Hovde Group downgraded Community Bank System from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 24th. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the company. Community Bank System has an average rating of “Hold” and an average target price of $59.00.

CBU opened at $60.53 on Friday. The firm has a market capitalization of $2.99 billion, a P/E ratio of 21.70, a PEG ratio of 2.19 and a beta of 1.03. Community Bank System, Inc. has a 1 year low of $50.69 and a 1 year high of $67.07. The company has a quick ratio of 0.73, a current ratio of 0.76 and a debt-to-equity ratio of 0.22.

Community Bank System (NYSE:CBU) last released its quarterly earnings results on Monday, October 22nd. The bank reported $0.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.05. The business had revenue of $141.99 million during the quarter, compared to the consensus estimate of $141.64 million. Community Bank System had a return on equity of 10.30% and a net margin of 34.24%. During the same period in the previous year, the company posted $0.68 EPS. On average, research analysts expect that Community Bank System, Inc. will post 3.35 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 10th. Stockholders of record on Friday, September 14th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.51%. This is an increase from Community Bank System’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Thursday, September 13th. Community Bank System’s dividend payout ratio is presently 54.48%.

In other news, Director John F. Whipple sold 2,566 shares of the company’s stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $66.27, for a total transaction of $170,048.82. Following the completion of the sale, the director now directly owns 2,835 shares in the company, valued at approximately $187,875.45. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.34% of the company’s stock.

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 financial services to retail, commercial, and municipal customers. It operates through three segments: Banking, Employee Benefit Services, and All Other. The company offers various deposits products, such as checking, savings, and money market accounts, as well as time deposits.

Featured Story: Understanding each part of a balance sheet

Want to see what other hedge funds are holding CBU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Community Bank System, Inc. (NYSE:CBU).

Institutional Ownership by Quarter for Community Bank System (NYSE:CBU)

Receive News & Ratings for Community Bank System Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Community Bank System and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply