4,650 Shares in Community Bank System, Inc. (NYSE:CBU) Bought by Howland Capital Management LLC

Howland Capital Management LLC purchased a new stake in Community Bank System, Inc. (NYSE:CBUFree Report) during the 4th quarter, Holdings Channel reports. The firm purchased 4,650 shares of the bank’s stock, valued at approximately $244,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CBU. Advisor Group Holdings Inc. increased its stake in Community Bank System by 43.0% in the 1st quarter. Advisor Group Holdings Inc. now owns 5,912 shares of the bank’s stock valued at $422,000 after buying an additional 1,777 shares during the last quarter. Raymond James & Associates increased its stake in Community Bank System by 1.0% in the 1st quarter. Raymond James & Associates now owns 17,408 shares of the bank’s stock valued at $1,221,000 after buying an additional 167 shares during the last quarter. American Century Companies Inc. increased its stake in Community Bank System by 15.8% in the 1st quarter. American Century Companies Inc. now owns 7,143 shares of the bank’s stock valued at $501,000 after buying an additional 977 shares during the last quarter. HighTower Advisors LLC increased its stake in Community Bank System by 2.7% in the 1st quarter. HighTower Advisors LLC now owns 20,597 shares of the bank’s stock valued at $1,447,000 after buying an additional 540 shares during the last quarter. Finally, Citigroup Inc. increased its stake in Community Bank System by 20.9% in the 1st quarter. Citigroup Inc. now owns 51,951 shares of the bank’s stock valued at $3,644,000 after buying an additional 8,977 shares during the last quarter. 73.79% of the stock is currently owned by institutional investors and hedge funds.

Community Bank System Stock Performance

Shares of CBU stock traded down $0.05 during midday trading on Wednesday, hitting $46.33. 16,040 shares of the company were exchanged, compared to its average volume of 302,713. The firm has a market capitalization of $2.44 billion, a P/E ratio of 18.33 and a beta of 0.66. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.74 and a current ratio of 0.74. The firm’s 50 day moving average price is $45.75 and its two-hundred day moving average price is $45.66. Community Bank System, Inc. has a 52 week low of $35.38 and a 52 week high of $55.64.

Community Bank System (NYSE:CBUGet Free Report) last posted its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.08). The business had revenue of $177.00 million during the quarter, compared to the consensus estimate of $175.25 million. Community Bank System had a net margin of 13.78% and a return on equity of 9.15%. The business’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.96 EPS. As a group, equities research analysts anticipate that Community Bank System, Inc. will post 3.24 earnings per share for the current year.

Community Bank System Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 10th. Stockholders of record on Friday, March 15th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 3.89%. The ex-dividend date is Thursday, March 14th. Community Bank System’s payout ratio is presently 71.15%.

Insider Activity

In related news, CEO Dimitar Karaivanov acquired 1,000 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was acquired at an average cost of $43.70 per share, for a total transaction of $43,700.00. Following the transaction, the chief executive officer now directly owns 16,265 shares in the company, valued at $710,780.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Community Bank System news, Director Sally A. Steele sold 3,501 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $48.76, for a total value of $170,708.76. Following the completion of the transaction, the director now directly owns 33,634 shares in the company, valued at approximately $1,639,993.84. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Dimitar Karaivanov purchased 1,000 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was acquired at an average price of $43.70 per share, with a total value of $43,700.00. Following the completion of the transaction, the chief executive officer now owns 16,265 shares in the company, valued at approximately $710,780.50. The disclosure for this purchase can be found here. Corporate insiders own 1.75% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on CBU shares. StockNews.com upgraded shares of Community Bank System to a “sell” rating in a research note on Friday, January 19th. Raymond James boosted their price objective on shares of Community Bank System from $45.00 to $55.00 and gave the stock an “outperform” rating in a research note on Friday, January 5th. Finally, DA Davidson restated a “neutral” rating and set a $50.00 price objective on shares of Community Bank System in a research note on Thursday, March 14th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $50.00.

Read Our Latest Research Report on CBU

About Community Bank System

(Free Report)

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.

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Institutional Ownership by Quarter for Community Bank System (NYSE:CBU)

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