Sally A. Steele Sells 10,000 Shares of Community Bank System, Inc. (NYSE:CBU) Stock

Community Bank System, Inc. (NYSE:CBUGet Rating) Director Sally A. Steele sold 10,000 shares of the stock in a transaction dated Thursday, April 28th. The shares were sold at an average price of $66.52, for a total transaction of $665,200.00. Following the completion of the sale, the director now owns 41,506 shares of the company’s stock, valued at approximately $2,760,979.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

NYSE CBU opened at $66.45 on Friday. The firm has a market cap of $3.58 billion, a price-to-earnings ratio of 19.09 and a beta of 0.66. The company has a 50 day moving average of $70.36 and a 200-day moving average of $72.36. Community Bank System, Inc. has a 1-year low of $65.00 and a 1-year high of $82.10.

Community Bank System (NYSE:CBUGet Rating) last posted its quarterly earnings data on Monday, April 25th. The bank reported $0.87 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.11. Community Bank System had a net margin of 29.94% and a return on equity of 9.28%. During the same quarter last year, the business earned $0.97 earnings per share. Research analysts expect that Community Bank System, Inc. will post 3.29 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 11th. Stockholders of record on Tuesday, March 15th were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 2.59%. The ex-dividend date of this dividend was Monday, March 14th. Community Bank System’s payout ratio is 49.43%.

CBU has been the subject of a number of analyst reports. StockNews.com initiated coverage on shares of Community Bank System in a research note on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research cut shares of Community Bank System from a “buy” rating to a “hold” rating in a research note on Tuesday, March 29th.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Lazard Asset Management LLC acquired a new stake in shares of Community Bank System in the fourth quarter valued at approximately $29,000. CWM LLC increased its holdings in shares of Community Bank System by 683.9% in the first quarter. CWM LLC now owns 439 shares of the bank’s stock valued at $31,000 after purchasing an additional 383 shares in the last quarter. Gemmer Asset Management LLC increased its holdings in shares of Community Bank System by 115.2% in the first quarter. Gemmer Asset Management LLC now owns 609 shares of the bank’s stock valued at $42,000 after purchasing an additional 326 shares in the last quarter. AdvisorNet Financial Inc acquired a new stake in shares of Community Bank System in the fourth quarter valued at approximately $53,000. Finally, Eagle Bay Advisors LLC increased its holdings in shares of Community Bank System by 100.0% in the third quarter. Eagle Bay Advisors LLC now owns 1,000 shares of the bank’s stock valued at $68,000 after purchasing an additional 500 shares in the last quarter. 69.60% of the stock is owned by institutional investors.

Community Bank System Company Profile (Get Rating)

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, and municipal customers. It operates through three segments: Banking, Employee Benefit Services, and All Other. The company offers various deposits products, such as checking, savings, and money market deposit accounts, as well as time deposits.

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