GAMMA Investing LLC Acquires 17,733 Shares of Community Financial System, Inc. (NYSE:CBU)

GAMMA Investing LLC raised its holdings in shares of Community Financial System, Inc. (NYSE:CBU - Free Report) by 14,655.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,854 shares of the bank's stock after purchasing an additional 17,733 shares during the quarter. GAMMA Investing LLC's holdings in Community Financial System were worth $1,015,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. US Bancorp DE increased its position in shares of Community Financial System by 17.1% during the fourth quarter. US Bancorp DE now owns 1,081 shares of the bank's stock valued at $67,000 after buying an additional 158 shares during the period. Smartleaf Asset Management LLC increased its position in shares of Community Financial System by 140.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,203 shares of the bank's stock valued at $74,000 after buying an additional 702 shares during the period. Principal Securities Inc. increased its position in shares of Community Financial System by 13.7% during the fourth quarter. Principal Securities Inc. now owns 1,774 shares of the bank's stock valued at $109,000 after buying an additional 214 shares during the period. Aquatic Capital Management LLC bought a new stake in shares of Community Financial System during the fourth quarter valued at about $125,000. Finally, Assetmark Inc. bought a new stake in shares of Community Financial System during the fourth quarter valued at about $127,000. 73.79% of the stock is owned by hedge funds and other institutional investors.

Community Financial System Price Performance

Shares of CBU stock traded up $0.22 during trading on Thursday, hitting $54.16. The company had a trading volume of 162,428 shares, compared to its average volume of 251,497. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.32. The stock's 50-day moving average is $55.68 and its two-hundred day moving average is $59.66. The stock has a market capitalization of $2.86 billion, a price-to-earnings ratio of 15.00 and a beta of 0.79. Community Financial System, Inc. has a 52 week low of $43.62 and a 52 week high of $73.39.

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

Community Financial 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 given a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 3.40%. The ex-dividend date of this dividend is Friday, June 13th. Community Financial System's dividend payout ratio (DPR) is 50.97%.

Analyst Upgrades and Downgrades

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

About Community Financial 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.