Community Bank System, Inc. (NYSE:CBU) Stock Holdings Cut by Franklin Resources Inc.

Franklin Resources Inc. reduced its position in shares of Community Bank System, Inc. (NYSE:CBUFree Report) by 10.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,322 shares of the bank’s stock after selling 3,599 shares during the quarter. Franklin Resources Inc. owned about 0.06% of Community Bank System worth $1,684,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Trexquant Investment LP boosted its stake in Community Bank System by 466.5% during the 4th quarter. Trexquant Investment LP now owns 31,816 shares of the bank’s stock valued at $1,658,000 after purchasing an additional 26,200 shares in the last quarter. Federated Hermes Inc. lifted its holdings in shares of Community Bank System by 14.0% in the fourth quarter. Federated Hermes Inc. now owns 536,844 shares of the bank’s stock valued at $27,975,000 after purchasing an additional 65,879 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of Community Bank System by 15.7% in the third quarter. Deutsche Bank AG now owns 26,617 shares of the bank’s stock valued at $1,124,000 after purchasing an additional 3,619 shares in the last quarter. Tudor Investment Corp Et Al lifted its holdings in shares of Community Bank System by 62.7% in the third quarter. Tudor Investment Corp Et Al now owns 113,604 shares of the bank’s stock valued at $4,795,000 after purchasing an additional 43,766 shares in the last quarter. Finally, Fulton Bank N.A. lifted its holdings in shares of Community Bank System by 11.6% in the fourth quarter. Fulton Bank N.A. now owns 5,859 shares of the bank’s stock valued at $305,000 after purchasing an additional 607 shares in the last quarter. 73.79% of the stock is owned by institutional investors.

Community Bank System Trading Down 0.1 %

NYSE CBU opened at $44.71 on Wednesday. Community Bank System, Inc. has a 1-year low of $35.38 and a 1-year high of $55.64. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $2.36 billion, a PE ratio of 14.06 and a beta of 0.66. The firm’s fifty day simple moving average is $45.66 and its 200-day simple moving average is $46.83.

Community Bank System (NYSE:CBUGet Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The bank reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $178.97 million. As a group, sell-side analysts anticipate that Community Bank System, Inc. will post 3.21 earnings per share for the current fiscal year.

Community Bank System Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Friday, June 14th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date is Friday, June 14th. Community Bank System’s dividend payout ratio (DPR) is presently 56.60%.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Stock Analysis on CBU

About Community Bank System

(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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