Community Financial System, Inc. (NYSE:CBU) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lessened its holdings in shares of Community Financial System, Inc. (NYSE:CBU) by 3.1% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 83,621 shares of the bank’s stock after selling 2,700 shares during the quarter. New York State Teachers Retirement System owned 0.16% of Community Financial System worth $4,755,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. US Bancorp DE increased its position in Community Financial System by 17.1% during 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 in the last quarter. Fulton Bank N.A. boosted its holdings in Community Financial System by 2.6% in the 1st quarter. Fulton Bank N.A. now owns 9,755 shares of the bank’s stock worth $555,000 after acquiring an additional 249 shares during the period. Bank of Montreal Can boosted its holdings in Community Financial System by 2.9% in the 4th quarter. Bank of Montreal Can now owns 9,140 shares of the bank’s stock worth $564,000 after acquiring an additional 255 shares during the period. Corient Private Wealth LLC boosted its holdings in Community Financial System by 4.0% in the 4th quarter. Corient Private Wealth LLC now owns 8,526 shares of the bank’s stock worth $526,000 after acquiring an additional 327 shares during the period. Finally, KBC Group NV boosted its holdings in Community Financial System by 19.8% in the 1st quarter. KBC Group NV now owns 2,798 shares of the bank’s stock worth $159,000 after acquiring an additional 463 shares during the period. Institutional investors and hedge funds own 73.79% of the company’s stock.

Analyst Upgrades and Downgrades

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

Community Financial System Stock Performance

Shares of CBU opened at $60.08 on Monday. The business’s fifty day moving average price is $56.51 and its 200 day moving average price is $58.84. Community Financial System, Inc. has a 12-month low of $45.72 and a 12-month high of $73.39. The stock has a market capitalization of $3.18 billion, a PE ratio of 16.64 and a beta of 0.78. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.76 and a quick ratio of 0.76.

Community Financial System (NYSE:CBU) last issued its earnings results on Tuesday, April 29th. The bank reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.02. Community Financial System had a return on equity of 10.98% and a net margin of 19.89%. The firm had revenue of $196.20 million for the quarter, compared to analyst estimates of $197.13 million. During the same period last year, the company earned $1.18 earnings per share. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. Equities research analysts forecast that Community Financial System, Inc. will post 4.18 EPS for the current year.

Community Financial System Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date is Friday, June 13th. Community Financial System’s dividend payout ratio (DPR) is 50.97%.

Community Financial 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.