Xponance Inc. Has $225,000 Holdings in Community Financial System, Inc. (NYSE:CBU)

Xponance Inc. raised its holdings in shares of Community Financial System, Inc. (NYSE:CBU) by 4.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,950 shares of the bank’s stock after purchasing an additional 186 shares during the period. Xponance Inc.’s holdings in Community Financial System were worth $225,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Aquatic Capital Management LLC bought a new stake in shares of Community Financial System in the 4th quarter valued at about $125,000. KBC Group NV increased its stake in Community Financial System by 19.8% during the 1st quarter. KBC Group NV now owns 2,798 shares of the bank’s stock worth $159,000 after purchasing an additional 463 shares in the last quarter. Mackenzie Financial Corp bought a new stake in Community Financial System during the 4th quarter worth approximately $204,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in Community Financial System during the 4th quarter worth approximately $205,000. Finally, Park Avenue Securities LLC increased its stake in Community Financial System by 18.0% during the 1st quarter. Park Avenue Securities LLC now owns 4,320 shares of the bank’s stock worth $246,000 after purchasing an additional 660 shares in the last quarter. 73.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Community Financial System Stock Up 0.1%

CBU opened at $58.43 on Friday. Community Financial System, Inc. has a fifty-two week low of $49.44 and a fifty-two week high of $73.39. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.76 and a current ratio of 0.76. The company has a market capitalization of $3.09 billion, a P/E ratio of 16.19 and a beta of 0.78. The stock has a fifty day moving average of $57.04 and a 200-day moving average of $58.59.

Community Financial System (NYSE:CBU) last issued its quarterly earnings results on Tuesday, April 29th. The bank reported $0.93 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $196.20 million for the quarter, compared to analysts’ expectations of $197.13 million. During the same quarter last year, the business earned $1.18 earnings per share. Community Financial System’s revenue was up 10.7% on a year-over-year basis. On average, equities analysts expect that Community Financial System, Inc. will post 4.18 EPS for the current year.

Community Financial System Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 12th will be given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend is Friday, September 12th. This is a boost from Community Financial System’s previous quarterly dividend of $0.46. Community Financial System’s payout ratio is currently 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.