Community Bank System, Inc. (NYSE:CBU) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets lessened its holdings in Community Bank System, Inc. (NYSE:CBU - Free Report) by 54.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,293 shares of the bank's stock after selling 12,289 shares during the period. BNP Paribas Financial Markets' holdings in Community Bank System were worth $635,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. US Bancorp DE lifted its position in shares of Community Bank 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 last quarter. Smartleaf Asset Management LLC lifted its position in shares of Community Bank System by 140.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,203 shares of the bank's stock worth $74,000 after purchasing an additional 702 shares during the last quarter. Principal Securities Inc. lifted 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 worth $109,000 after purchasing an additional 214 shares during the last quarter. Aquatic Capital Management LLC purchased a new stake in shares of Community Bank System during the 4th quarter worth $125,000. Finally, Assetmark Inc. purchased a new stake in shares of Community Bank System during the 4th quarter worth $127,000. Hedge funds and other institutional investors own 73.79% of the company's stock.

Community Bank System Stock Up 0.9%

NYSE:CBU traded up $0.51 during midday trading on Thursday, hitting $56.63. 146,291 shares of the company were exchanged, compared to its average volume of 257,638. The company has a fifty day simple moving average of $55.32 and a 200 day simple moving average of $61.05. Community Bank System, Inc. has a fifty-two week low of $42.16 and a fifty-two week high of $73.39. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $2.99 billion, a PE ratio of 16.46 and a beta of 0.77.

Community Bank System (NYSE:CBU - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The bank reported $0.93 EPS for the quarter, topping 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 firm had revenue of $196.20 million for the quarter, compared to analyst estimates of $197.13 million. During the same period last year, the business earned $1.18 EPS. Community Bank System's revenue for the quarter was up 10.7% compared to the same quarter last year. As a group, equities analysts anticipate that Community Bank System, Inc. will post 4.18 earnings per share for the current fiscal year.

Community Bank System Announces Dividend

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 paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.84 annualized dividend and a yield of 3.25%. Community Bank System's dividend payout ratio is currently 50.97%.

Analysts Set New Price Targets

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

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.