BNP Paribas Financial Markets increased its stake in shares of Community Bank System, Inc. (NYSE:CBU - Free Report) by 56.1% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 22,582 shares of the bank's stock after acquiring an additional 8,113 shares during the period. BNP Paribas Financial Markets' holdings in Community Bank System were worth $1,311,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of CBU. Point72 DIFC Ltd bought a new stake in shares of Community Bank System during the 2nd quarter valued at about $76,000. KBC Group NV raised its holdings in shares of Community Bank System by 23.6% in the 3rd 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. Benjamin Edwards Inc. grew its holdings in shares of Community Bank System by 27.5% in the 2nd quarter. Benjamin Edwards Inc. now owns 3,436 shares of the bank's stock worth $162,000 after acquiring an additional 741 shares during the last quarter. IFG Advisory LLC acquired a new stake in Community Bank System during the 2nd quarter worth about $212,000. Finally, Dark Forest Capital Management LP purchased a new stake in shares of Community Bank System in the second quarter valued at $231,000. Hedge funds and other institutional investors own 73.79% of the company's stock.
Insider Transactions at Community Bank System
In other Community Bank System news, Director John F. Whipple sold 3,937 shares of the business's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $73.10, for a total value of $287,794.70. Following the completion of the transaction, the director now directly owns 5,823 shares of the company's stock, valued at approximately $425,661.30. The trade was a 40.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.78% of the stock is owned by company insiders.
Community Bank System Stock Performance
Community Bank System stock traded up $0.25 during trading hours on Tuesday, hitting $67.94. The stock had a trading volume of 188,487 shares, compared to its average volume of 277,799. Community Bank System, Inc. has a fifty-two week low of $41.50 and a fifty-two 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 0.35. The company has a 50-day moving average of $64.33 and a two-hundred day moving average of $57.49. The company has a market cap of $3.57 billion, a PE ratio of 21.17 and a beta of 0.65.
Community Bank System (NYSE:CBU - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The bank reported $0.83 EPS for the quarter, missing analysts' consensus estimates of $0.88 by ($0.05). Community Bank System had a return on equity of 10.52% and a net margin of 18.82%. The business had revenue of $188.94 million for the quarter, compared to the consensus estimate of $186.35 million. During the same quarter in the prior year, the business earned $0.82 EPS. The firm's revenue for the quarter was up 7.7% on a year-over-year basis. On average, equities research analysts anticipate that Community Bank System, Inc. will post 3.39 EPS for the current fiscal year.
Community Bank System Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 13th will be given a $0.46 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.84 dividend on an annualized basis and a yield of 2.71%. Community Bank System's dividend payout ratio (DPR) is presently 57.32%.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on CBU shares. Keefe, Bruyette & Woods lifted their target price on shares of Community Bank System from $64.00 to $74.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. Piper Sandler started coverage on Community Bank System in a report on Thursday, December 5th. They set a "neutral" rating and a $70.00 price target on the stock. Finally, Raymond James upgraded shares of Community Bank System from a "market perform" rating to a "strong-buy" rating and set a $67.00 price objective for the company in a research note on Monday, October 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $65.25.
Check Out Our Latest Analysis on Community Bank System
Community Bank System Company Profile
(
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.
Featured Stories
Before you consider Community Bank System, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Community Bank System wasn't on the list.
While Community Bank System currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2025. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.