Jeffrey M. Levy Sells 1,136 Shares of Community Bank System, Inc. (NYSE:CBU) Stock

Community Bank System, Inc. (NYSE:CBU - Get Free Report) SVP Jeffrey M. Levy sold 1,136 shares of the company's stock in a transaction on Friday, January 24th. The shares were sold at an average price of $65.98, for a total transaction of $74,953.28. Following the sale, the senior vice president now owns 6,539 shares of the company's stock, valued at $431,443.22. This represents a 14.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Community Bank System Trading Down 1.5 %

Shares of NYSE CBU traded down $1.01 during midday trading on Tuesday, hitting $65.29. 217,800 shares of the company traded hands, compared to its average volume of 234,665. Community Bank System, Inc. has a 12-month low of $41.50 and a 12-month high of $73.39. The firm has a market cap of $3.43 billion, a P/E ratio of 18.98 and a beta of 0.67. The stock has a 50-day moving average price of $64.97 and a 200 day moving average price of $61.72. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.76 and a current ratio of 0.76.

Community Bank System (NYSE:CBU - Get Free Report) last announced its earnings results on Tuesday, January 21st. The bank reported $0.94 EPS for the quarter, beating analysts' consensus estimates of $0.90 by $0.04. Community Bank System had a net margin of 19.40% and a return on equity of 10.94%. The firm had revenue of $196.30 million for the quarter, compared to analysts' expectations of $190.95 million. During the same quarter in the previous year, the business posted $0.76 EPS. The company's quarterly revenue was up 10.8% on a year-over-year basis. As a group, analysts expect that Community Bank System, Inc. will post 4.01 earnings per share for the current year.

Community Bank System Announces Dividend

The company also recently announced 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 is Friday, March 14th. This represents a $1.84 annualized dividend and a yield of 2.82%. Community Bank System's dividend payout ratio (DPR) is presently 53.49%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CBU shares. Raymond James upgraded shares of Community Bank System from a "market perform" rating to a "strong-buy" rating and set a $67.00 target price for the company in a report on Monday, October 28th. Keefe, Bruyette & Woods increased their price objective on Community Bank System from $74.00 to $76.00 and gave the stock a "market perform" rating in a report on Wednesday, January 22nd. Finally, Piper Sandler started coverage on Community Bank System in a research report on Thursday, December 5th. They issued a "neutral" rating and a $70.00 price objective on the stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. lifted its position in Community Bank System by 16.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 55,679 shares of the bank's stock valued at $2,629,000 after acquiring an additional 8,027 shares in the last quarter. Marshall Wace LLP bought a new position in shares of Community Bank System during the second quarter valued at $538,000. Dark Forest Capital Management LP purchased a new stake in shares of Community Bank System during the second quarter valued at $231,000. The Manufacturers Life Insurance Company increased its holdings in Community Bank System by 1.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 29,088 shares of the bank's stock worth $1,373,000 after buying an additional 484 shares in the last quarter. Finally, Algert Global LLC purchased a new position in Community Bank System in the 2nd quarter worth about $642,000. Institutional investors own 73.79% 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.

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