Community Bank System, Inc. (NYSE:CBU) Director Purchases $106,920.00 in Stock

Community Bank System, Inc. (NYSE:CBU – Get Rating) Director Sally A. Steele bought 2,000 shares of the stock in a transaction dated Wednesday, March 15th. The stock was purchased at an average price of $53.46 per share, with a total value of $106,920.00. Following the acquisition, the director now directly owns 4,585 shares in the company, valued at approximately $245,114.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Community Bank System Trading Down 4.8 %

CBU stock opened at $53.84 on Friday. The company has a market capitalization of $2.89 billion, a PE ratio of 15.56 and a beta of 0.63. Community Bank System, Inc. has a 12 month low of $48.99 and a 12 month high of $72.86. The firm’s 50-day moving average is $59.50 and its 200 day moving average is $61.70. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.67 and a quick ratio of 0.67.

Community Bank System (NYSE:CBU – Get Rating) last posted its quarterly earnings results on Tuesday, January 24th. The bank reported $0.96 EPS for the quarter, topping the consensus estimate of $0.95 by $0.01. The company had revenue of $187.69 million for the quarter, compared to the consensus estimate of $177.60 million. Community Bank System had a net margin of 26.77% and a return on equity of 11.94%. During the same quarter last year, the firm posted $0.81 EPS. On average, research analysts anticipate that Community Bank System, Inc. will post 3.71 EPS for the current year.

Community Bank System Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 10th. Shareholders of record on Wednesday, March 15th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date is Tuesday, March 14th. Community Bank System’s dividend payout ratio (DPR) is 50.87%.

Analyst Ratings Changes

CBU has been the subject of several analyst reports. Raymond James initiated coverage on shares of Community Bank System in a report on Tuesday, December 20th. They issued a “market perform” rating for the company. StockNews.com initiated coverage on shares of Community Bank System in a report on Thursday. They issued a “sell” rating for the company. Finally, Janney Montgomery Scott initiated coverage on shares of Community Bank System in a report on Tuesday, March 14th. They issued a “buy” rating and a $66.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Community Bank System currently has a consensus rating of “Hold” and an average target price of $64.50.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Rise Advisors LLC purchased a new position in Community Bank System during the 3rd quarter valued at about $26,000. Wipfli Financial Advisors LLC purchased a new position in Community Bank System during the 3rd quarter valued at about $29,000. Quadrant Capital Group LLC increased its position in Community Bank System by 80.4% during the 4th quarter. Quadrant Capital Group LLC now owns 487 shares of the bank’s stock valued at $31,000 after purchasing an additional 217 shares during the period. Lazard Asset Management LLC purchased a new position in Community Bank System during the 4th quarter valued at about $31,000. Finally, Eagle Bay Advisors LLC purchased a new position in Community Bank System during the 2nd quarter valued at about $32,000. Hedge funds and other institutional investors own 71.78% of the company’s stock.

About Community Bank System

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Community Bank System, Inc is a holding company, which engages in the provision of retail, business, and municipal banking services. It operates through the following segments: Banking, Employee Benefit Services, and All Other. The Banking segment offers an array of lending and depository-related products and services to individuals, businesses, and municipal enterprises.