Alliance Wealth Advisors LLC Has $1.20 Million Stock Position in Community Financial System, Inc. $CBU

Alliance Wealth Advisors LLC boosted its stake in shares of Community Financial System, Inc. (NYSE:CBU) by 95.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,825 shares of the bank’s stock after purchasing an additional 10,150 shares during the period. Alliance Wealth Advisors LLC’s holdings in Community Financial System were worth $1,196,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Ausbil Investment Management Ltd raised its stake in shares of Community Financial System by 72.3% during the 4th quarter. Ausbil Investment Management Ltd now owns 19,446 shares of the bank’s stock worth $1,117,000 after purchasing an additional 8,157 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Community Financial System by 2,430.6% in the fourth quarter. SG Americas Securities LLC now owns 168,892 shares of the bank’s stock valued at $9,701,000 after buying an additional 162,218 shares in the last quarter. Fulton Bank N.A. grew its stake in shares of Community Financial System by 3.3% in the fourth quarter. Fulton Bank N.A. now owns 11,323 shares of the bank’s stock valued at $650,000 after buying an additional 358 shares in the last quarter. Park Avenue Securities LLC increased its holdings in Community Financial System by 5.3% during the fourth quarter. Park Avenue Securities LLC now owns 5,942 shares of the bank’s stock worth $341,000 after buying an additional 298 shares during the last quarter. Finally, CIBC Bancorp USA Inc. bought a new stake in Community Financial System during the third quarter worth $331,000. 73.79% of the stock is currently owned by institutional investors.

Community Financial System Price Performance

Shares of CBU opened at $56.79 on Monday. The company’s 50-day moving average is $61.58 and its 200-day moving average is $59.41. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.76. The firm has a market capitalization of $2.99 billion, a PE ratio of 14.31 and a beta of 0.80. Community Financial System, Inc. has a fifty-two week low of $49.44 and a fifty-two week high of $67.50.

Community Financial System (NYSE:CBU) last announced its earnings results on Tuesday, January 27th. The bank reported $1.12 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.01). Community Financial System had a return on equity of 11.09% and a net margin of 20.82%.The company had revenue of $215.56 million for the quarter, compared to the consensus estimate of $212.85 million. During the same period in the previous year, the firm posted $0.94 EPS. The business’s quarterly revenue was up 9.8% on a year-over-year basis. Equities analysts forecast that Community Financial System, Inc. will post 4.18 EPS for the current year.

Community Financial System Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Monday, March 16th will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Monday, March 16th. Community Financial System’s dividend payout ratio is currently 47.36%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CBU shares. Weiss Ratings downgraded shares of Community Financial System from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 23rd. Wall Street Zen upgraded shares of Community Financial System from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. Janney Montgomery Scott cut Community Financial System from a “buy” rating to a “neutral” rating in a report on Tuesday, January 13th. DA Davidson started coverage on Community Financial System in a research report on Wednesday, February 25th. They set a “neutral” rating and a $72.00 price target on the stock. Finally, Piper Sandler initiated coverage on Community Financial System in a research note on Wednesday, December 3rd. They issued a “neutral” rating and a $62.00 price objective on the stock. Five equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $66.67.

Insider Buying and Selling at Community Financial System

In other news, Director John F. Whipple sold 4,246 shares of the business’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $65.17, for a total value of $276,711.82. Following the completion of the sale, the director owned 8,506 shares of the company’s stock, valued at approximately $554,336.02. The trade was a 33.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Eric Stickels sold 2,000 shares of the company’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $64.75, for a total transaction of $129,500.00. Following the completion of the transaction, the director owned 33,342 shares in the company, valued at $2,158,894.50. This trade represents a 5.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.01% of the stock is owned by company insiders.

Community Financial System Profile

Community Financial System (NYSE: CBU) is the bank holding company for Community Bank, National Association, a full-service commercial bank headquartered in DeWitt, New York. Through its principal subsidiary, the company offers a range of banking and financial services designed to meet the needs of both consumer and business clients. Its organizational structure centers on community-based banking operations supported by centralized technology, risk management and administrative functions.

The company’s product offerings include deposit accounts, residential and commercial mortgage loans, commercial and consumer lending, treasury and cash management services, and electronic banking.