Community Bank System, Inc. (NYSE:CBU) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its stake in shares of Community Bank System, Inc. (NYSE:CBU) by 8.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,770,648 shares of the bank’s stock after purchasing an additional 142,909 shares during the quarter. Dimensional Fund Advisors LP owned 3.36% of Community Bank System worth $83,588,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new position in Community Bank System during the 1st quarter worth $592,000. Assenagon Asset Management S.A. lifted its holdings in Community Bank System by 152.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 182,397 shares of the bank’s stock worth $8,611,000 after buying an additional 110,288 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Community Bank System during the 1st quarter worth about $583,000. Boston Partners purchased a new stake in Community Bank System during the 1st quarter worth about $3,558,000. Finally, Tidal Investments LLC lifted its holdings in Community Bank System by 239.1% during the 1st quarter. Tidal Investments LLC now owns 17,257 shares of the bank’s stock worth $829,000 after buying an additional 12,168 shares during the last quarter. 73.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CBU. Raymond James downgraded Community Bank System from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 24th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $59.00 price target on shares of Community Bank System in a report on Tuesday, September 10th. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to data from MarketBeat.com, Community Bank System presently has a consensus rating of “Hold” and a consensus price target of $50.50.

Community Bank System Stock Down 0.6 %

Community Bank System stock opened at $57.48 on Thursday. Community Bank System, Inc. has a fifty-two week low of $35.38 and a fifty-two week high of $63.95. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.76 and a current ratio of 0.76. The company has a market capitalization of $3.03 billion, a P/E ratio of 18.08 and a beta of 0.64. The stock has a 50-day simple moving average of $59.10 and a 200-day simple moving average of $50.55.

Community Bank System (NYSE:CBU) last issued its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.14. The firm had revenue of $183.80 million for the quarter, compared to analysts’ expectations of $180.05 million. Community Bank System had a return on equity of 8.94% and a net margin of 15.90%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.91 EPS. Equities research analysts expect that Community Bank System, Inc. will post 3.42 earnings per share for the current year.

Community Bank System Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 10th. Investors of record on Friday, September 13th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend is Friday, September 13th. This is a boost from Community Bank System’s previous quarterly dividend of $0.45. Community Bank System’s payout ratio is 57.86%.

Community Bank System Company Profile

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.