Trexquant Investment LP Buys 26,200 Shares of Community Bank System, Inc. (NYSE:CBU)

Trexquant Investment LP increased its stake in shares of Community Bank System, Inc. (NYSE:CBUFree Report) by 466.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,816 shares of the bank’s stock after acquiring an additional 26,200 shares during the quarter. Trexquant Investment LP owned about 0.06% of Community Bank System worth $1,658,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CBU. Norges Bank bought a new position in Community Bank System during the fourth quarter worth $30,870,000. Assenagon Asset Management S.A. bought a new stake in Community Bank System in the 3rd quarter valued at $6,405,000. Federated Hermes Inc. increased its holdings in Community Bank System by 38.5% in the 3rd quarter. Federated Hermes Inc. now owns 470,965 shares of the bank’s stock valued at $19,879,000 after buying an additional 130,970 shares during the period. Dimensional Fund Advisors LP increased its holdings in Community Bank System by 6.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,582,679 shares of the bank’s stock valued at $82,475,000 after buying an additional 91,165 shares during the period. Finally, Numerai GP LLC bought a new stake in Community Bank System in the 3rd quarter valued at $2,154,000. Institutional investors own 73.79% of the company’s stock.

Community Bank System Trading Up 0.1 %

Shares of Community Bank System stock opened at $46.47 on Monday. The firm has a market capitalization of $2.45 billion, a PE ratio of 14.61 and a beta of 0.66. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.74 and a quick ratio of 0.74. The company’s fifty day moving average price is $45.69 and its two-hundred day moving average price is $46.72. Community Bank System, Inc. has a 52-week low of $35.38 and a 52-week high of $55.64.

Community Bank System (NYSE:CBUGet Free Report) last posted its earnings results on Tuesday, April 23rd. The bank reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.03. Community Bank System had a net margin of 16.59% and a return on equity of 8.93%. The business had revenue of $178.29 million for the quarter, compared to analyst estimates of $178.97 million. On average, analysts expect that Community Bank System, Inc. will post 3.21 EPS for the current year.

Community Bank System Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Friday, June 14th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 3.87%. The ex-dividend date is Friday, June 14th. Community Bank System’s payout ratio is 56.60%.

Wall Street Analyst Weigh In

Separately, DA Davidson reissued a “neutral” rating and issued a $50.00 price target on shares of Community Bank System in a report on Thursday, March 14th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $47.67.

View Our Latest Report on Community Bank System

Community 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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Institutional Ownership by Quarter for Community Bank System (NYSE:CBU)

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