Community Bank System, Inc. (NYSE:CBU) Shares Acquired by Algert Global LLC

Algert Global LLC raised its holdings in Community Bank System, Inc. (NYSE:CBU - Free Report) by 7.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,978 shares of the bank's stock after purchasing an additional 4,785 shares during the period. Algert Global LLC owned 0.13% of Community Bank System worth $4,255,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. US Bancorp DE boosted 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 purchasing an additional 158 shares during the period. Principal Securities Inc. raised its position in Community Bank System by 13.7% in 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. Versant Capital Management Inc lifted its stake in 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 purchasing an additional 238 shares during the last quarter. Bank of Montreal Can grew its stake in shares of Community Bank System by 2.9% during the fourth quarter. Bank of Montreal Can now owns 9,140 shares of the bank's stock valued at $564,000 after buying an additional 255 shares during the last quarter. Finally, Corient Private Wealth LLC lifted its stake in shares of Community Bank System by 4.0% in the 4th quarter. Corient Private Wealth LLC now owns 8,526 shares of the bank's stock valued at $526,000 after acquiring an additional 327 shares during the last quarter. Institutional investors own 73.79% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CBU. StockNews.com lowered shares of Community Bank System from a "hold" rating to a "sell" rating in a report on Thursday. Keefe, Bruyette & Woods boosted their target price on shares of Community Bank System from $74.00 to $76.00 and gave the company a "market perform" rating in a report on Wednesday, January 22nd.

Community Bank System Trading Up 3.1%

Shares of Community Bank System stock traded up $1.74 during trading on Monday, hitting $58.24. The stock had a trading volume of 26,977 shares, compared to its average volume of 259,203. Community Bank System, Inc. has a 12 month low of $42.16 and a 12 month high of $73.39. The firm's fifty day simple moving average is $55.52 and its 200-day simple moving average is $61.66. The stock has a market cap of $3.08 billion, a PE ratio of 16.94 and a beta of 0.77. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.76 and a quick ratio of 0.76.

Community Bank System (NYSE:CBU - Get Free Report) last announced its earnings results on Tuesday, April 29th. The bank reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.02. Community Bank System had a net margin of 19.40% and a return on equity of 10.94%. The company had revenue of $196.20 million during the quarter, compared to the consensus estimate of $197.13 million. During the same period last year, the firm earned $1.18 earnings per share. Community Bank System's revenue was up 10.7% compared to the same quarter last year. As a group, sell-side analysts expect that Community Bank System, Inc. will post 4.18 EPS for the current fiscal year.

Community Bank System Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Friday, June 13th will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend is Friday, June 13th. Community Bank System's dividend payout ratio is currently 50.97%.

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.