Community Bank System, Inc. (NYSE:CBU) Stock Position Trimmed by Jane Street Group LLC

Jane Street Group LLC cut its position in 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 & Exchange Commission. The fund owned 23,376 shares of the bank's stock after selling 103,851 shares during the quarter. Jane Street Group LLC's holdings in Community Bank System were worth $1,442,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Northern Trust Corp grew its stake in shares of Community Bank System by 27.3% in the 4th quarter. Northern Trust Corp now owns 677,841 shares of the bank's stock worth $41,809,000 after purchasing an additional 145,172 shares during the last quarter. Tudor Investment Corp ET AL purchased a new position in shares of Community Bank System in the fourth quarter worth approximately $2,040,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Community Bank System in the fourth quarter worth approximately $205,000. Aquatic Capital Management LLC purchased a new position in Community Bank System during the fourth quarter valued at approximately $125,000. Finally, Price T Rowe Associates Inc. MD grew its position in Community Bank System by 10.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 39,791 shares of the bank's stock valued at $2,455,000 after purchasing an additional 3,735 shares in the last quarter. 73.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of Community Bank System from $74.00 to $76.00 and gave the company a "market perform" rating in a research report on Wednesday, January 22nd. StockNews.com upgraded shares of Community Bank System from a "sell" rating to a "hold" rating in a research note on Friday.

Community Bank System Trading Down 0.5%

Shares of Community Bank System stock opened at $57.76 on Tuesday. The firm has a market capitalization of $3.05 billion, a PE ratio of 16.79 and a beta of 0.77. 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 company's fifty day moving average price is $55.49 and its two-hundred day moving average price is $61.56. Community Bank System, Inc. has a 52-week low of $42.16 and a 52-week high of $73.39.

Community Bank System (NYSE:CBU - Get Free Report) last posted its earnings results 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. Community Bank System had a net margin of 19.40% and a return on equity of 10.94%. The business had revenue of $196.20 million for the quarter, compared to analyst estimates of $197.13 million. During the same quarter in the prior year, the firm earned $1.18 EPS. The firm's quarterly revenue was up 10.7% compared to the same quarter last year. On average, analysts expect that Community Bank System, Inc. will post 4.18 EPS for the current year.

Community Bank System Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.19%. Community Bank System's dividend payout ratio is 50.97%.

Community Bank 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.

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