Burns J W & Co. Inc. NY Sells 982 Shares of Community Bank System, Inc. (NYSE:CBU)

Burns J W & Co. Inc. NY decreased its holdings in shares of Community Bank System, Inc. (NYSE:CBUFree Report) by 16.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,173 shares of the bank’s stock after selling 982 shares during the quarter. Burns J W & Co. Inc. NY’s holdings in Community Bank System were worth $248,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Strs Ohio raised its holdings in Community Bank System by 900.0% in the 4th quarter. Strs Ohio now owns 1,000 shares of the bank’s stock valued at $52,000 after acquiring an additional 900 shares in the last quarter. TFO Wealth Partners LLC raised its holdings in Community Bank System by 37,162.5% in the 4th quarter. TFO Wealth Partners LLC now owns 2,981 shares of the bank’s stock valued at $155,000 after acquiring an additional 2,973 shares in the last quarter. Invesco LLC acquired a new position in Community Bank System in the 4th quarter valued at approximately $181,000. Bailard Inc. acquired a new position in Community Bank System in the 4th quarter valued at approximately $203,000. Finally, Atria Wealth Solutions Inc. acquired a new position in shares of Community Bank System in the 4th quarter worth approximately $206,000. Institutional investors own 73.79% of the company’s stock.

Analyst Ratings Changes

Separately, DA Davidson reissued a “neutral” rating and issued a $50.00 target price on shares of Community Bank System in a report on Thursday, March 14th.

Check Out Our Latest Stock Analysis on CBU

Community Bank System Trading Up 3.3 %

Shares of CBU opened at $47.21 on Friday. Community Bank System, Inc. has a 1 year low of $35.38 and a 1 year high of $55.45. 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 stock has a 50 day simple moving average of $45.49 and a 200-day simple moving average of $46.60. The stock has a market cap of $2.49 billion, a PE ratio of 14.85 and a beta of 0.66.

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

Community Bank System Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Friday, June 14th will be given a dividend of $0.45 per share. The ex-dividend date is Friday, June 14th. This represents a $1.80 dividend on an annualized basis and a yield of 3.81%. Community Bank System’s dividend payout ratio (DPR) is presently 56.60%.

Insider Buying and Selling

In other Community Bank System news, CEO Dimitar Karaivanov purchased 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were acquired at an average cost of $43.52 per share, for a total transaction of $43,520.00. Following the transaction, the chief executive officer now directly owns 19,653 shares in the company, valued at $855,298.56. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.89% of the stock is owned by corporate insiders.

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.

See Also

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

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