Community Bank System, Inc. (NYSE:CBU) CEO Acquires $43,520.00 in Stock

Community Bank System, Inc. (NYSE:CBUGet Free Report) CEO Dimitar Karaivanov purchased 1,000 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was bought at an average cost of $43.52 per share, with a total value of $43,520.00. Following the purchase, the chief executive officer now owns 19,653 shares of the company’s stock, valued at $855,298.56. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Community Bank System Stock Performance

Community Bank System stock opened at $43.15 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.24. The stock has a market cap of $2.28 billion, a PE ratio of 13.57 and a beta of 0.66. Community Bank System, Inc. has a 12-month low of $35.38 and a 12-month high of $55.45. The business’s 50-day moving average price is $45.24 and its two-hundred day moving average price is $46.78.

Community Bank System (NYSE:CBUGet Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The bank reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.03. The company had revenue of $178.29 million for the quarter, compared to analyst estimates of $178.97 million. Community Bank System had a net margin of 16.59% and a return on equity of 8.93%. As a group, analysts expect that Community Bank System, Inc. will post 3.21 earnings per share for the current fiscal year.

Community Bank System Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Friday, June 14th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date of this dividend is Friday, June 14th. Community Bank System’s payout ratio is 56.60%.

Institutional Investors Weigh In On Community Bank System

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Trexquant Investment LP boosted its stake in shares of Community Bank System by 466.5% during the fourth quarter. Trexquant Investment LP now owns 31,816 shares of the bank’s stock valued at $1,658,000 after purchasing an additional 26,200 shares in the last quarter. Federated Hermes Inc. grew its holdings in Community Bank System by 14.0% during the 4th quarter. Federated Hermes Inc. now owns 536,844 shares of the bank’s stock worth $27,975,000 after acquiring an additional 65,879 shares during the last quarter. Deutsche Bank AG increased its position in Community Bank System by 15.7% in the 3rd quarter. Deutsche Bank AG now owns 26,617 shares of the bank’s stock valued at $1,124,000 after acquiring an additional 3,619 shares during the period. Tudor Investment Corp Et Al raised its stake in shares of Community Bank System by 62.7% during the third quarter. Tudor Investment Corp Et Al now owns 113,604 shares of the bank’s stock valued at $4,795,000 after acquiring an additional 43,766 shares during the last quarter. Finally, Fulton Bank N.A. lifted its holdings in shares of Community Bank System by 11.6% during the fourth quarter. Fulton Bank N.A. now owns 5,859 shares of the bank’s stock worth $305,000 after purchasing an additional 607 shares during the period. Institutional investors own 73.79% of the company’s stock.

Analysts Set New Price Targets

Separately, DA Davidson restated a “neutral” rating and issued a $50.00 target price on shares of Community Bank System in a research report on Thursday, March 14th. Two 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.com, the stock presently has an average rating of “Hold” and an average target price of $47.67.

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About Community Bank System

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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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