Insider Selling: Community Bank System, Inc. (NYSE:CBU) SVP Sells 1,136 Shares of Stock

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

Community Bank System Price Performance

NYSE CBU opened at $65.60 on Friday. The company has a market cap of $3.45 billion, a PE ratio of 19.07 and a beta of 0.67. Community Bank System, Inc. has a 52 week low of $41.50 and a 52 week high of $73.39. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.42. The firm’s 50-day simple moving average is $64.79 and its two-hundred day simple moving average is $61.87.

Community Bank System (NYSE:CBU) last released its quarterly earnings data on Tuesday, January 21st. The bank reported $0.94 EPS for the quarter, beating the consensus estimate of $0.90 by $0.04. The business had revenue of $196.30 million for 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%. The company’s revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.76 earnings per share. Research analysts predict that Community Bank System, Inc. will post 4.01 earnings per share for the current year.

Community Bank System Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Friday, March 14th. Community Bank System’s dividend payout ratio (DPR) is presently 53.49%.

Institutional Investors Weigh In On Community Bank System

Several institutional investors have recently added to or reduced their stakes in the business. Versant Capital Management Inc lifted its holdings in shares of Community Bank System by 99.2% in the fourth quarter. Versant Capital Management Inc now owns 478 shares of the bank’s stock worth $29,000 after buying an additional 238 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in shares of Community Bank System in the second quarter worth about $76,000. KBC Group NV lifted its holdings 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 buying an additional 347 shares in the last quarter. Principal Securities Inc. lifted its holdings in shares of Community Bank System by 13.7% in the fourth quarter. Principal Securities Inc. now owns 1,774 shares of the bank’s stock worth $109,000 after buying an additional 214 shares in the last quarter. Finally, Stone House Investment Management LLC lifted its holdings in shares of Community Bank System by 51.0% in the third quarter. Stone House Investment Management LLC now owns 2,360 shares of the bank’s stock worth $137,000 after buying an additional 797 shares in the last quarter. 73.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CBU has been the subject of several recent analyst reports. Keefe, Bruyette & Woods upped their target price on shares of Community Bank System from $74.00 to $76.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 22nd. Raymond James upgraded shares of 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 report on Monday, October 28th. Finally, Piper Sandler started coverage on shares of Community Bank System in a research report on Thursday, December 5th. They set a “neutral” rating and a $70.00 price target for the company.

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, 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.