Community Bank System, Inc. (NYSE:CBU) Stock Holdings Increased by Sei Investments Co.

Sei Investments Co. grew its stake in shares of Community Bank System, Inc. (NYSE:CBU) by 264.8% in the 4th quarter, HoldingsChannel reports. The firm owned 33,239 shares of the bank’s stock after acquiring an additional 24,127 shares during the quarter. Sei Investments Co.’s holdings in Community Bank System were worth $2,050,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Versant Capital Management Inc boosted its position in shares of Community Bank System by 99.2% in the fourth quarter. Versant Capital Management Inc now owns 478 shares of the bank’s stock worth $29,000 after buying an additional 238 shares during the period. US Bancorp DE grew its holdings in Community Bank System by 17.1% in the 4th quarter. US Bancorp DE now owns 1,081 shares of the bank’s stock valued at $67,000 after buying an additional 158 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Community Bank System by 140.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,203 shares of the bank’s stock worth $74,000 after acquiring an additional 702 shares during the period. Principal Securities Inc. increased its holdings in shares of Community Bank System by 13.7% during the 4th quarter. Principal Securities Inc. now owns 1,774 shares of the bank’s stock worth $109,000 after purchasing an additional 214 shares during the period. Finally, Assetmark Inc. acquired a new position in shares of Community Bank System in the fourth quarter valued at $127,000. 73.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Community Bank System

In other news, SVP Jeffrey M. Levy sold 1,136 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $65.98, for a total value of $74,953.28. Following the transaction, the senior vice president now owns 6,539 shares in the company, valued at approximately $431,443.22. The trade was a 14.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.89% of the company’s stock.

Community Bank System Stock Down 3.5 %

Community Bank System stock opened at $51.42 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $2.71 billion, a PE ratio of 14.95 and a beta of 0.66. Community Bank System, Inc. has a twelve month low of $41.50 and a twelve month high of $73.39. The company has a 50 day moving average of $61.34 and a 200-day moving average of $62.49.

Community Bank System (NYSE:CBU) last announced its quarterly earnings results on Tuesday, January 21st. The bank reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. Community Bank System had a return on equity of 10.94% and a net margin of 19.40%. The firm had revenue of $196.30 million for the quarter, compared to the consensus estimate of $190.95 million. During the same quarter in the previous year, the business earned $0.76 earnings per share. The business’s revenue was up 10.8% compared to the same quarter last year. On average, equities research analysts anticipate that Community Bank System, Inc. will post 4.18 EPS for the current fiscal year.

Community Bank System Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Friday, March 14th will be given a dividend of $0.46 per share. The ex-dividend date is Friday, March 14th. This represents a $1.84 annualized dividend and a dividend yield of 3.58%. Community Bank System’s dividend payout ratio is currently 53.49%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods increased their price objective on Community Bank System from $74.00 to $76.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 22nd.

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.