8,533 Shares in Community Bank System, Inc. (NYSE:CBU) Bought by Dark Forest Capital Management LP

Dark Forest Capital Management LP bought a new position in Community Bank System, Inc. (NYSE:CBU - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 8,533 shares of the bank's stock, valued at approximately $526,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Barclays PLC boosted its position in Community Bank System by 99.0% during the 3rd quarter. Barclays PLC now owns 109,647 shares of the bank's stock worth $6,367,000 after acquiring an additional 54,554 shares during the period. Tidal Investments LLC lifted its position in shares of Community Bank System by 48.4% in the third quarter. Tidal Investments LLC now owns 30,866 shares of the bank's stock worth $1,792,000 after purchasing an additional 10,060 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Community Bank System by 1.4% during the third quarter. JPMorgan Chase & Co. now owns 112,377 shares of the bank's stock worth $6,526,000 after purchasing an additional 1,587 shares during the period. Versant Capital Management Inc grew its position in Community Bank System by 99.2% during the fourth quarter. Versant Capital Management Inc now owns 478 shares of the bank's stock valued at $29,000 after purchasing an additional 238 shares in the last quarter. Finally, Fulton Bank N.A. increased its stake in Community Bank System by 17.7% in the 4th quarter. Fulton Bank N.A. now owns 9,506 shares of the bank's stock valued at $586,000 after buying an additional 1,428 shares during the period. Hedge funds and other institutional investors own 73.79% of the company's stock.

Community Bank System Stock Up 0.7 %

CBU stock traded up $0.40 during trading hours on Thursday, hitting $54.99. The company's stock had a trading volume of 80,314 shares, compared to its average volume of 259,717. The stock has a 50 day moving average price of $56.44 and a two-hundred day moving average price of $61.83. Community Bank System, Inc. has a 12 month low of $42.16 and a 12 month high of $73.39. The company has a market capitalization of $2.91 billion, a PE ratio of 15.98 and a beta of 0.74. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.42.

Community Bank System (NYSE:CBU - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The bank reported $0.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $196.20 million during the quarter, compared to analysts' expectations of $197.13 million. During the same period in the prior year, the company posted $1.18 earnings per share. Community Bank System's revenue for the quarter was up 10.7% on a year-over-year basis. On average, equities research analysts expect that Community Bank System, Inc. will post 4.18 earnings per share for the current year.

Community Bank System Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Friday, June 13th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date is Friday, June 13th. Community Bank System's payout ratio is 50.97%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CBU shares. StockNews.com upgraded shares of Community Bank System from a "sell" rating to a "hold" rating in a report on Wednesday. Keefe, Bruyette & Woods boosted their target price on 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.

About Community Bank System

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.