Community Bank System, Inc. (NYSE:CBU) Director Sells $294,102.38 in Stock

Community Bank System, Inc. (NYSE:CBU) Director Brian R. Ace sold 4,471 shares of the firm’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of $65.78, for a total value of $294,102.38. Following the completion of the transaction, the director now directly owns 61,910 shares in the company, valued at $4,072,439.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

NYSE:CBU traded down $0.21 on Friday, reaching $64.42. 164,810 shares of the company’s stock traded hands, compared to its average volume of 160,380. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.75 and a current ratio of 0.75. The stock’s 50-day moving average is $64.52. The stock has a market capitalization of $3.32 billion, a price-to-earnings ratio of 19.12, a PEG ratio of 2.46 and a beta of 0.99. Community Bank System, Inc. has a 12 month low of $54.46 and a 12 month high of $67.79.

Community Bank System (NYSE:CBU) last posted its quarterly earnings results on Monday, April 22nd. The bank reported $0.81 EPS for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.05. The business had revenue of $142.60 million for the quarter, compared to analysts’ expectations of $142.48 million. Community Bank System had a return on equity of 10.49% and a net margin of 28.93%. The business’s quarterly revenue was up .3% on a year-over-year basis. During the same period last year, the firm earned $0.78 earnings per share. As a group, sell-side analysts expect that Community Bank System, Inc. will post 3.28 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 10th. Stockholders of record on Friday, June 14th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.36%. Community Bank System’s payout ratio is 45.10%.

Several institutional investors have recently modified their holdings of CBU. Nottingham Advisors Inc. raised its position in shares of Community Bank System by 1.4% during the 2nd quarter. Nottingham Advisors Inc. now owns 158,049 shares of the bank’s stock worth $10,406,000 after purchasing an additional 2,153 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Community Bank System by 2.0% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 20,224 shares of the bank’s stock worth $1,332,000 after purchasing an additional 400 shares during the last quarter. Diversified Trust Co acquired a new position in shares of Community Bank System during the 2nd quarter worth about $221,000. Crossmark Global Holdings Inc. raised its position in shares of Community Bank System by 4.6% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 7,307 shares of the bank’s stock worth $481,000 after purchasing an additional 322 shares during the last quarter. Finally, Champlain Investment Partners LLC raised its position in shares of Community Bank System by 2.6% during the 1st quarter. Champlain Investment Partners LLC now owns 806,220 shares of the bank’s stock worth $48,188,000 after purchasing an additional 20,570 shares during the last quarter. Hedge funds and other institutional investors own 71.31% of the company’s stock.

A number of equities analysts recently commented on the company. Zacks Investment Research cut H&E Equipment Services from a “hold” rating to a “sell” rating in a report on Wednesday. ValuEngine raised Zuora from a “hold” rating to a “buy” rating in a report on Saturday, July 6th. Finally, Stephens assumed coverage on Community Bank System in a report on Tuesday, April 9th. They issued an “equal weight” rating and a $63.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Community Bank System currently has an average rating of “Hold” and a consensus price target of $67.50.

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 other 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.

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