Sei Investments Co. Grows Stock Holdings in Community Bank System, Inc. (NYSE:CBU)

Sei Investments Co. boosted its stake in Community Bank System, Inc. (NYSE:CBU - Free Report) by 264.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 33,239 shares of the bank's stock after buying an additional 24,127 shares during the quarter. Sei Investments Co. owned approximately 0.06% of Community Bank System worth $2,050,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Versant Capital Management Inc raised its holdings 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 purchasing an additional 238 shares during the last quarter. US Bancorp DE increased 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 during the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Community Bank System by 140.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,203 shares of the bank's stock worth $74,000 after buying an additional 702 shares in the last quarter. Principal Securities Inc. boosted its stake in shares of Community Bank System by 13.7% in 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 last quarter. Finally, Assetmark Inc. bought a new position in shares of Community Bank System in the fourth quarter valued at approximately $127,000. 73.79% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods lifted their price target 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.

Insiders Place Their Bets

In other Community Bank System news, SVP Jeffrey M. Levy sold 1,136 shares of the stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $65.98, for a total value of $74,953.28. Following the sale, the senior vice president now directly owns 6,539 shares in the company, valued at $431,443.22. This represents a 14.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.89% of the company's stock.

Community Bank System Stock Performance

NYSE:CBU traded down $2.87 during trading hours on Thursday, reaching $51.44. The stock had a trading volume of 304,612 shares, compared to its average volume of 260,562. Community Bank System, Inc. has a 12-month low of $41.50 and a 12-month high of $73.39. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a 50 day simple moving average of $59.75 and a 200 day simple moving average of $62.22. The stock has a market cap of $2.72 billion, a P/E ratio of 14.95 and a beta of 0.74.

Community Bank System (NYSE:CBU - Get Free Report) last announced its quarterly earnings data on Tuesday, January 21st. The bank reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.04. The company had revenue of $196.30 million during the quarter, compared to analyst estimates of $190.95 million. Community Bank System had a return on equity of 10.94% and a net margin of 19.40%. The firm's revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.76 EPS. On average, 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 issued a dividend of $0.46 per share. The ex-dividend date is Friday, March 14th. This represents a $1.84 dividend on an annualized basis and a yield of 3.58%. Community Bank System's payout ratio is 53.49%.

About Community Bank System

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.