Amundi Grows Position in Community Bank System, Inc. (NYSE:CBU)

Amundi boosted its stake in shares of Community Bank System, Inc. (NYSE:CBU - Free Report) by 186.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 26,504 shares of the bank's stock after acquiring an additional 17,254 shares during the period. Amundi owned about 0.05% of Community Bank System worth $1,603,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. US Bancorp DE lifted its stake in Community Bank System by 17.1% in the 4th quarter. US Bancorp DE now owns 1,081 shares of the bank's stock valued at $67,000 after buying an additional 158 shares in the last quarter. Principal Securities Inc. raised its holdings in shares of Community Bank System by 13.7% during the fourth quarter. Principal Securities Inc. now owns 1,774 shares of the bank's stock valued at $109,000 after acquiring an additional 214 shares during the last quarter. Versant Capital Management Inc lifted its position 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 valued at $29,000 after acquiring an additional 238 shares in the last quarter. KBC Group NV increased its position in shares of Community Bank System by 23.6% during the third quarter. KBC Group NV now owns 1,816 shares of the bank's stock worth $105,000 after purchasing an additional 347 shares in the last quarter. Finally, Invesco LLC lifted its holdings in Community Bank System by 7.0% in the 4th quarter. Invesco LLC now owns 6,763 shares of the bank's stock valued at $417,000 after purchasing an additional 442 shares in the last quarter. Institutional investors and hedge funds own 73.79% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on CBU shares. Piper Sandler started coverage on shares of Community Bank System in a research report on Thursday, December 5th. They issued a "neutral" rating and a $70.00 target price for the company. Keefe, Bruyette & Woods increased their price objective on shares of Community Bank System from $74.00 to $76.00 and gave the company a "market perform" rating in a report on Wednesday, January 22nd.

Insiders Place Their Bets

In related news, SVP Jeffrey M. Levy sold 1,136 shares of the firm's stock in a transaction dated 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 sale, the senior vice president now directly owns 6,539 shares of the company's stock, valued at approximately $431,443.22. This trade represents a 14.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.89% of the stock is owned by insiders.

Community Bank System Trading Up 0.4 %

Shares of CBU traded up $0.25 during midday trading on Friday, reaching $57.41. The company had a trading volume of 667,066 shares, compared to its average volume of 244,400. The firm has a 50 day simple moving average of $62.72 and a 200-day simple moving average of $62.63. 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 stock has a market cap of $3.03 billion, a PE ratio of 16.69 and a beta of 0.66. Community Bank System, Inc. has a 1-year low of $41.50 and a 1-year high of $73.39.

Community Bank System (NYSE:CBU - Get Free Report) last posted its earnings results on Tuesday, January 21st. The bank reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.04. The company had revenue of $196.30 million for the quarter, compared to analyst estimates of $190.95 million. Community Bank System had a net margin of 19.40% and a return on equity of 10.94%. Community Bank System's revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.76 EPS. Research analysts forecast that Community Bank System, Inc. will post 4.18 EPS for the current fiscal year.

Community Bank System Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.46 per share. The ex-dividend date is Friday, March 14th. This represents a $1.84 annualized dividend and a yield of 3.21%. Community Bank System's dividend payout ratio (DPR) is 53.49%.

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.