Bank of New York Mellon Corp Has $30.75 Million Holdings in Community Financial System, Inc. (NYSE:CBU)

Bank of New York Mellon Corp lowered its stake in Community Financial System, Inc. (NYSE:CBU - Free Report) by 4.4% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 540,816 shares of the bank's stock after selling 25,104 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.02% of Community Financial System worth $30,751,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. US Bancorp DE lifted its stake in shares of Community Financial System by 17.1% during the 4th quarter. US Bancorp DE now owns 1,081 shares of the bank's stock worth $67,000 after purchasing an additional 158 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Community Financial System during the 4th quarter worth $687,000. Amundi lifted its stake in shares of Community Financial System by 186.5% during the 4th quarter. Amundi now owns 26,504 shares of the bank's stock worth $1,603,000 after purchasing an additional 17,254 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Community Financial System by 16.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,274 shares of the bank's stock worth $880,000 after purchasing an additional 2,052 shares during the period. Finally, Commonwealth Equity Services LLC lifted its stake in shares of Community Financial System by 3.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 25,293 shares of the bank's stock worth $1,560,000 after purchasing an additional 750 shares during the period. Hedge funds and other institutional investors own 73.79% of the company's stock.

Community Financial System Stock Up 0.4%

NYSE:CBU traded up $0.22 during mid-day trading on Friday, reaching $58.62. The stock had a trading volume of 28,183 shares, compared to its average volume of 222,831. The company has a market capitalization of $3.10 billion, a price-to-earnings ratio of 16.24 and a beta of 0.78. Community Financial System, Inc. has a 1-year low of $49.44 and a 1-year high of $73.39. The stock's 50 day simple moving average is $57.00 and its two-hundred day simple moving average is $58.63. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.76 and a quick ratio of 0.76.

Community Financial System (NYSE:CBU - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The bank reported $0.93 earnings per share for the quarter, beating analysts' consensus estimates of $0.91 by $0.02. Community Financial System had a return on equity of 10.98% and a net margin of 19.89%. The company had revenue of $196.20 million for the quarter, compared to analysts' expectations of $197.13 million. During the same quarter in the previous year, the company posted $1.18 earnings per share. The business's revenue for the quarter was up 10.7% compared to the same quarter last year. Equities analysts anticipate that Community Financial System, Inc. will post 4.18 EPS for the current year.

Community Financial System Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 12th will be given a $0.47 dividend. This is a positive change from Community Financial System's previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, September 12th. This represents a $1.88 annualized dividend and a yield of 3.21%. Community Financial System's payout ratio is 50.97%.

Analyst Ratings Changes

Separately, Wall Street Zen raised Community Financial System from a "sell" rating to a "hold" rating in a research report on Friday, May 16th.

Community Financial System 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.