Community Bank System (NYSE:CBU) Shares Down 3.7% - What's Next?

Community Bank System, Inc. (NYSE:CBU - Get Free Report)'s share price was down 3.7% during trading on Tuesday . The company traded as low as $53.38 and last traded at $53.57. Approximately 12,921 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 258,601 shares. The stock had previously closed at $55.65.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods upped their price objective on shares of Community Bank System from $74.00 to $76.00 and gave the company a "market perform" rating in a research note on Wednesday, January 22nd.

Community Bank System Stock Performance

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's fifty day moving average is $56.80 and its 200-day moving average is $61.93. The stock has a market cap of $2.88 billion, a price-to-earnings ratio of 15.83 and a beta of 0.74.

Community Bank System (NYSE:CBU - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The bank reported $0.98 EPS for the quarter, beating analysts' consensus estimates of $0.91 by $0.07. Community Bank System had a net margin of 19.40% and a return on equity of 10.94%. The firm had revenue of $196.20 million during the quarter, compared to analysts' expectations of $197.13 million. During the same quarter last year, the company posted $1.18 earnings per share. The company's revenue for the quarter was up 10.7% compared to the same quarter last year. On average, analysts forecast that Community Bank System, Inc. will post 4.18 EPS for the current year.

Community Bank System Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.46 per share. The ex-dividend date is Friday, June 13th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.38%. Community Bank System's dividend payout ratio (DPR) is presently 53.49%.

Institutional Investors Weigh In On Community Bank System

Several large investors have recently added to or reduced their stakes in the business. Versant Capital Management Inc increased its holdings in Community Bank System by 99.2% during the 4th quarter. Versant Capital Management Inc now owns 478 shares of the bank's stock worth $29,000 after purchasing an additional 238 shares in the last quarter. US Bancorp DE grew its position in shares of Community Bank System by 17.1% in the fourth quarter. US Bancorp DE now owns 1,081 shares of the bank's stock valued at $67,000 after purchasing an additional 158 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Community Bank System by 140.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,203 shares of the bank's stock valued at $74,000 after acquiring an additional 702 shares during the period. Principal Securities Inc. grew its position 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 valued at $109,000 after purchasing an additional 214 shares in the last quarter. Finally, Aquatic Capital Management LLC purchased a new position in Community Bank System during the fourth quarter worth about $125,000. Institutional investors and hedge funds own 73.79% of the company's stock.

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.

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