Community Bank System, Inc. (NYSE:CBU) Position Increased by Park Avenue Securities LLC

Park Avenue Securities LLC raised its position in shares of Community Bank System, Inc. (NYSE:CBU) by 18.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,320 shares of the bank’s stock after buying an additional 660 shares during the quarter. Park Avenue Securities LLC’s holdings in Community Bank System were worth $246,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in CBU. US Bancorp DE lifted its holdings in shares of Community Bank System by 17.1% during the fourth quarter. US Bancorp DE now owns 1,081 shares of the bank’s stock valued at $67,000 after acquiring an additional 158 shares during the period. Smartleaf Asset Management LLC increased 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 in the last quarter. Principal Securities Inc. increased its position in Community Bank System by 13.7% in the fourth quarter. Principal Securities Inc. now owns 1,774 shares of the bank’s stock worth $109,000 after purchasing an additional 214 shares during the period. Aquatic Capital Management LLC acquired a new stake in Community Bank System in the fourth quarter worth about $125,000. Finally, Assetmark Inc. bought a new position in Community Bank System during the fourth quarter worth about $127,000. Institutional investors and hedge funds own 73.79% of the company’s stock.

Community Bank System Price Performance

CBU stock opened at $54.82 on Tuesday. The stock has a market capitalization of $2.90 billion, a PE ratio of 15.94 and a beta of 0.79. The company’s 50-day moving average is $55.64 and its 200-day moving average is $59.84. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.76 and a quick ratio of 0.76. Community Bank System, Inc. has a 1 year low of $42.16 and a 1 year high of $73.39.

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

Community Bank System Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Friday, June 13th will be paid a $0.46 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.84 dividend on an annualized basis and a yield of 3.36%. Community Bank System’s dividend payout ratio is 50.97%.

Analyst Ratings Changes

Separately, Wall Street Zen raised Community Bank System from a “sell” rating to a “hold” rating in a research 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.