One Day In July LLC Invests $208,000 in Community Bank System, Inc. (NYSE:CBU)

One Day In July LLC acquired a new position in shares of Community Bank System, Inc. (NYSE:CBU) in the 4th quarter, HoldingsChannel reports. The firm acquired 4,000 shares of the bank’s stock, valued at approximately $208,000.

Several other hedge funds also recently modified their holdings of CBU. Federated Hermes Inc. increased its holdings in shares of Community Bank System by 14.0% in the fourth quarter. Federated Hermes Inc. now owns 536,844 shares of the bank’s stock valued at $27,975,000 after purchasing an additional 65,879 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of Community Bank System by 15.7% in the third quarter. Deutsche Bank AG now owns 26,617 shares of the bank’s stock valued at $1,124,000 after purchasing an additional 3,619 shares in the last quarter. Tudor Investment Corp Et Al increased its holdings in shares of Community Bank System by 62.7% in the third quarter. Tudor Investment Corp Et Al now owns 113,604 shares of the bank’s stock valued at $4,795,000 after purchasing an additional 43,766 shares in the last quarter. Fulton Bank N.A. increased its holdings in shares of Community Bank System by 11.6% in the fourth quarter. Fulton Bank N.A. now owns 5,859 shares of the bank’s stock valued at $305,000 after purchasing an additional 607 shares in the last quarter. Finally, Aigen Investment Management LP acquired a new stake in shares of Community Bank System in the third quarter valued at approximately $810,000. Institutional investors and hedge funds own 73.79% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. StockNews.com raised shares of Community Bank System to a “sell” rating in a report on Friday, January 19th. DA Davidson reaffirmed a “neutral” rating and set a $50.00 target price on shares of Community Bank System in a report on Thursday, March 14th. Finally, Raymond James lifted their target price on shares of Community Bank System from $45.00 to $55.00 and gave the stock an “outperform” rating in a report on Friday, January 5th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $47.67.

Insider Transactions at Community Bank System

In other news, CEO Dimitar Karaivanov purchased 1,000 shares of Community Bank System stock in a transaction dated Wednesday, February 14th. The shares were bought at an average cost of $43.70 per share, with a total value of $43,700.00. Following the completion of the transaction, the chief executive officer now directly owns 16,265 shares in the company, valued at approximately $710,780.50. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Mark J. Bolus sold 3,631 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $45.00, for a total value of $163,395.00. Following the sale, the director now directly owns 96,364 shares of the company’s stock, valued at approximately $4,336,380. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Dimitar Karaivanov acquired 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was bought at an average cost of $43.70 per share, for a total transaction of $43,700.00. Following the completion of the transaction, the chief executive officer now directly owns 16,265 shares in the company, valued at approximately $710,780.50. The disclosure for this purchase can be found here. Insiders own 1.78% of the company’s stock.

Community Bank System Trading Up 2.5 %

CBU traded up $1.10 during trading on Wednesday, reaching $44.32. 59,185 shares of the company’s stock were exchanged, compared to its average volume of 289,151. The company’s fifty day moving average price is $45.09 and its 200-day moving average price is $45.97. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.74 and a current ratio of 0.74. Community Bank System, Inc. has a fifty-two week low of $35.38 and a fifty-two week high of $55.64. The firm has a market capitalization of $2.34 billion, a PE ratio of 13.59 and a beta of 0.66.

Community Bank System Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Friday, March 15th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, March 14th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.06%. Community Bank System’s dividend payout ratio is 56.60%.

Community Bank 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.