Community Bank System, Inc. (NYSE:CBU) Shares Sold by Jane Street Group LLC

Jane Street Group LLC reduced its stake in shares of Community Bank System, Inc. (NYSE:CBU - Free Report) by 81.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,376 shares of the bank's stock after selling 103,851 shares during the period. Jane Street Group LLC's holdings in Community Bank System were worth $1,442,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. US Bancorp DE increased its position in Community Bank System by 17.1% during the fourth 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 grew its stake in shares of Community Bank System by 140.1% in the 4th 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 holdings 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 buying an additional 214 shares during the last quarter. Aquatic Capital Management LLC acquired a new stake in shares of Community Bank System during the 4th quarter worth approximately $125,000. Finally, Assetmark Inc. acquired a new position in Community Bank System in the fourth quarter valued at approximately $127,000. 73.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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 Stock Down 0.7%

Shares of CBU traded down $0.40 during mid-day trading on Friday, reaching $55.63. The company's stock had a trading volume of 155,100 shares, compared to its average volume of 258,919. The company's 50 day moving average is $55.44 and its 200 day moving average is $61.31. Community Bank System, Inc. has a 12-month low of $42.16 and a 12-month high of $73.39. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a market cap of $2.94 billion, a PE ratio of 16.17 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. Equities analysts anticipate that Community Bank System, Inc. will post 4.18 EPS for the current fiscal year.

Community Bank System Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Friday, June 13th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 3.31%. The ex-dividend date is Friday, June 13th. Community Bank System's payout ratio is currently 50.97%.

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.