BNP Paribas Financial Markets Lowers Stock Holdings in Community Bank System, Inc. (NYSE:CBU)

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

A number of other hedge funds also recently bought and sold shares of the business. Algert Global LLC increased its holdings in shares of Community Bank System by 7.5% in the 4th quarter. Algert Global LLC now owns 68,978 shares of the bank's stock worth $4,255,000 after buying an additional 4,785 shares during the last quarter. Gallagher Fiduciary Advisors LLC lifted its holdings in shares of Community Bank System by 17.9% in the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 8,496 shares of the bank's stock valued at $524,000 after acquiring an additional 1,288 shares during the last quarter. Northern Trust Corp grew its position in Community Bank System by 27.3% in the fourth quarter. Northern Trust Corp now owns 677,841 shares of the bank's stock worth $41,809,000 after acquiring an additional 145,172 shares in the last quarter. Tudor Investment Corp ET AL bought a new stake in Community Bank System during the fourth quarter worth approximately $2,040,000. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new stake in Community Bank System during the fourth quarter worth approximately $205,000. Hedge funds and other institutional investors own 73.79% of the company's stock.

Wall Street Analysts Forecast Growth

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

Community Bank System Trading Up 2.1%

Shares of Community Bank System stock traded up $1.16 during trading on Tuesday, hitting $56.82. The stock had a trading volume of 145,587 shares, compared to its average volume of 258,465. The stock has a market cap of $3.00 billion, a PE ratio of 16.52 and a beta of 0.77. 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 $55.39 and its 200-day simple moving average is $61.22. 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 released its earnings results on Tuesday, April 29th. The bank reported $0.93 EPS for the quarter, beating analysts' consensus estimates of $0.91 by $0.02. Community Bank System had a return on equity of 10.94% and a net margin of 19.40%. The firm had revenue of $196.20 million for the quarter, compared to analysts' expectations of $197.13 million. During the same quarter in the prior year, the firm posted $1.18 earnings per share. The company's quarterly revenue was up 10.7% on a year-over-year basis. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Friday, June 13th will be paid a $0.46 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.84 dividend on an annualized basis and a yield of 3.24%. Community Bank System's payout ratio is 50.97%.

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.