Ausbil Investment Management Ltd Has $1.77 Million Stock Position in Community Bank System, Inc. (NYSE:CBU)

Ausbil Investment Management Ltd lifted its position in Community Bank System, Inc. (NYSE:CBU - Free Report) by 494.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,552 shares of the bank's stock after buying an additional 25,415 shares during the quarter. Ausbil Investment Management Ltd owned about 0.06% of Community Bank System worth $1,774,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Point72 DIFC Ltd bought a new position in shares of Community Bank System in the 2nd quarter valued at about $76,000. Benjamin Edwards Inc. increased its position in Community Bank System by 27.5% during the second quarter. Benjamin Edwards Inc. now owns 3,436 shares of the bank's stock worth $162,000 after buying an additional 741 shares during the last quarter. IFG Advisory LLC bought a new stake in Community Bank System in the second quarter valued at approximately $212,000. Dark Forest Capital Management LP acquired a new stake in shares of Community Bank System in the second quarter valued at approximately $231,000. Finally, QRG Capital Management Inc. boosted its stake in shares of Community Bank System by 4.5% during the 2nd quarter. QRG Capital Management Inc. now owns 4,895 shares of the bank's stock worth $231,000 after acquiring an additional 212 shares during the period. 73.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CBU shares. Keefe, Bruyette & Woods restated a "market perform" rating and issued a $59.00 price target on shares of Community Bank System in a research note on Tuesday, September 10th. Raymond James lowered shares of Community Bank System from an "outperform" rating to a "market perform" rating in a research report on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. Based on data from MarketBeat.com, Community Bank System has an average rating of "Hold" and an average target price of $50.50.

Community Bank System Stock Performance

Shares of NYSE CBU traded up $0.29 during trading hours on Thursday, reaching $58.41. 228,835 shares of the stock were exchanged, compared to its average volume of 282,484. The firm has a market capitalization of $3.08 billion, a price-to-earnings ratio of 18.06 and a beta of 0.64. The stock's fifty day simple moving average is $58.91 and its 200 day simple moving average is $52.34. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.76 and a current ratio of 0.76. Community Bank System, Inc. has a 52 week low of $36.42 and a 52 week high of $63.95.

Community Bank System (NYSE:CBU - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The bank reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.05). The firm had revenue of $188.94 million for the quarter, compared to the consensus estimate of $186.35 million. Community Bank System had a return on equity of 8.94% and a net margin of 15.90%. The firm's quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.82 EPS. Sell-side analysts predict that Community Bank System, Inc. will post 3.42 EPS for the current year.

Community Bank System Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 13th will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend is Friday, December 13th. Community Bank System's dividend payout ratio (DPR) is 57.86%.

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.