Segall Bryant & Hamill LLC Has $28.54 Million Holdings in Community Bank System, Inc. (NYSE:CBU)

Segall Bryant & Hamill LLC cut its holdings in Community Bank System, Inc. (NYSE:CBU - Free Report) by 3.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 462,660 shares of the bank's stock after selling 17,185 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.88% of Community Bank System worth $28,537,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CBU. Versant Capital Management Inc lifted its stake in shares of Community Bank System by 99.2% in the 4th quarter. Versant Capital Management Inc now owns 478 shares of the bank's stock valued at $29,000 after purchasing an additional 238 shares during the period. US Bancorp DE lifted its stake in Community Bank System by 17.1% in the fourth quarter. US Bancorp DE now owns 1,081 shares of the bank's stock valued at $67,000 after buying an additional 158 shares during the period. Smartleaf Asset Management LLC boosted its holdings in Community Bank System by 140.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,203 shares of the bank's stock worth $74,000 after buying an additional 702 shares during the last quarter. Principal Securities Inc. grew its position in shares of Community Bank System by 13.7% during the 4th quarter. Principal Securities Inc. now owns 1,774 shares of the bank's stock worth $109,000 after buying an additional 214 shares during the period. Finally, Assetmark Inc. acquired a new position in shares of Community Bank System during the 4th quarter worth about $127,000. Institutional investors and hedge funds own 73.79% of the company's stock.

Community Bank System Stock Performance

NYSE:CBU traded down $1.15 on Friday, hitting $56.72. The company's stock had a trading volume of 115,962 shares, compared to its average volume of 256,920. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.42. Community Bank System, Inc. has a one year low of $41.50 and a one year high of $73.39. The stock has a fifty day moving average of $62.31 and a two-hundred day moving average of $62.60. The firm has a market capitalization of $2.99 billion, a P/E ratio of 16.49 and a beta of 0.66.

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

Community Bank System Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Friday, March 14th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.84 annualized dividend and a yield of 3.24%. Community Bank System's dividend payout ratio is currently 53.49%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, SVP Jeffrey M. Levy sold 1,136 shares of the 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 transaction, the senior vice president now owns 6,539 shares in the company, valued at approximately $431,443.22. This trade represents a 14.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.89% 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 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.