2 weeks Ago By Defense World Staff
Cerity Partners LLC lowered its stake in shares of Community Bank System, Inc. (NYSE:CBU – Free Report) by 27.2% in the fourth quarter, according to its most recent 13F filing with the SEC.
The firm owned 3,891 shares of the bank’s stock after selling 1,457 shares during the period. Cerity Partners LLC’s holdings in Community Bank System were worth $233,000 at the end of the most recent reporting period. Other hedge funds and other institutional investors also recently bought and sold shares of the company.
US Bancorp DE raised its holdings 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 acquiring an additional 158 shares in the last quarter.
Principal Securities Inc. lifted its position in Community Bank System by 13.7% in the fourth quarter.
Principal Securities Inc. now owns 1,774 shares of the bank’s stock valued at $109,000 after acquiring an additional 214 shares during the last quarter. Versant Capital Management Inc grew its stake in Community Bank System by 99.
2% during the 4th quarter. Versant Capital Management Inc now owns 478 shares of the bank’s stock worth $29,000 after buying an additional 238 shares during the last quarter. Corient Private Wealth LLC increased its position in Community Bank System by 4.
0% during the fourth quarter. Corient Private Wealth LLC now owns 8,526 shares of the bank’s stock worth $526,000 after buying an additional 327 shares during the period. Finally, Invesco LLC lifted its stake in Community Bank System by 7.
0% in the fourth quarter. Invesco LLC now owns 6,763 shares of the bank’s stock valued at $417,000 after buying an additional 442 shares during the last quarter. 73.
79% of the stock is currently owned by hedge funds and other institutional investors. Community Bank System Trading Up 0.9 %NYSE:CBU opened at $55.
73 on Friday. The stock’s 50 day simple moving average is $57.39 and its 200-day simple moving average is $61.
93. Community Bank System, Inc. has a 12-month low of $42.
16 and a 12-month high of $73.39. The company has a current ratio of 0.
76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.42.
The firm has a market cap of $2.94 billion, a P/E ratio of 16.20 and a beta of 0.
74. Community Bank System (NYSE:CBU – Get Free Report) last posted its quarterly earnings results on Tuesday, January 21st. The bank reported $0.
94 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $196.30 million for the quarter, compared to the consensus estimate of $190.95 million.
During the same period in the previous year, the business earned $0.76 earnings per share. The company’s revenue for the quarter was up 10.
8% compared to the same quarter last year. Equities analysts anticipate that Community Bank System, Inc. will post 4.
18 EPS for the current year. Community Bank System Announces DividendThe company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Friday, June 13th will be issued a $0.
46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.
30%. The ex-dividend date of this dividend is Friday, June 13th. Community Bank System’s dividend payout ratio is currently 53.
49%. Wall Street Analyst Weigh InSeparately, Keefe, Bruyette & Woods raised their price objective on shares of Community Bank System from $74.00 to $76.
00 and gave the stock a “market perform” rating in a research report on Wednesday, January 22nd.Get Our Latest Stock Report on CBUCommunity 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.
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