Man Group plc Sells 21,167 Shares of Community Bank System, Inc. (NYSE:CBU)

Man Group plc decreased its stake in Community Bank System, Inc. (NYSE:CBU) by 72.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,118 shares of the bank’s stock after selling 21,167 shares during the period. Man Group plc’s holdings in Community Bank System were worth $501,000 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. US Bancorp DE grew its position in Community Bank System by 17.1% in the 4th quarter. US Bancorp DE now owns 1,081 shares of the bank’s stock worth $67,000 after purchasing an additional 158 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Community Bank System by 140.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,203 shares of the bank’s stock valued at $74,000 after buying an additional 702 shares during the period. Principal Securities Inc. grew its position in Community Bank System by 13.7% during the fourth quarter. Principal Securities Inc. now owns 1,774 shares of the bank’s stock worth $109,000 after buying an additional 214 shares in the last quarter. Aquatic Capital Management LLC bought a new position in Community Bank System during the fourth quarter valued at about $125,000. Finally, Assetmark Inc. acquired a new position in Community Bank System in the 4th quarter valued at approximately $127,000. Institutional investors own 73.79% of the company’s stock.

Community Bank System Price Performance

Shares of Community Bank System stock opened at $55.63 on Tuesday. The firm has a market cap of $2.94 billion, a P/E ratio of 16.17 and a beta of 0.77. The firm’s 50-day simple moving average is $55.39 and its 200-day simple moving average is $61.22. Community Bank System, Inc. has a twelve month low of $42.16 and a twelve month high of $73.39. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.76 and a current ratio of 0.76.

Community Bank System (NYSE:CBU) last released its quarterly earnings data on Tuesday, April 29th. The bank reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. Community Bank System had a return on equity of 10.94% and a net margin of 19.40%. The company had revenue of $196.20 million for the quarter, compared to the consensus estimate of $197.13 million. During the same period in the previous year, the business earned $1.18 earnings per share. The company’s quarterly revenue was up 10.7% on a year-over-year basis. As a group, research analysts expect that Community Bank System, Inc. will post 4.18 EPS for the current fiscal year.

Community Bank System Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Friday, June 13th will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend is Friday, June 13th. Community Bank System’s dividend payout ratio (DPR) is 50.97%.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Community Bank System from a “sell” rating to a “hold” rating in a report on Friday, May 16th.

Community Bank System 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.