Deutsche Bank AG Has $3.89 Million Stock Position in Community Bank System, Inc. (NYSE:CBU)

Deutsche Bank AG grew its position in shares of Community Bank System, Inc. (NYSE:CBU - Free Report) by 103.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 63,027 shares of the bank's stock after acquiring an additional 32,059 shares during the quarter. Deutsche Bank AG owned 0.12% of Community Bank System worth $3,888,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Federated Hermes Inc. boosted its position in Community Bank System by 12.9% during the 4th quarter. Federated Hermes Inc. now owns 831,387 shares of the bank's stock worth $51,280,000 after acquiring an additional 94,850 shares during the last quarter. Northern Trust Corp boosted its holdings 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 valued at $41,809,000 after buying an additional 145,172 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Community Bank System by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 661,317 shares of the bank's stock valued at $40,790,000 after buying an additional 8,326 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Community Bank System by 6.4% in the 4th quarter. Bank of New York Mellon Corp now owns 565,920 shares of the bank's stock valued at $34,906,000 after buying an additional 34,143 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Community Bank System in the 4th quarter valued at approximately $34,779,000. Institutional investors and hedge funds own 73.79% of the company's stock.

Community Bank System Stock Down 0.7%

Shares of NYSE CBU traded down $0.40 during trading hours on Friday, hitting $55.63. The company had a trading volume of 155,100 shares, compared to its average volume of 258,919. The stock has a market capitalization of $2.94 billion, a P/E ratio of 16.17 and a beta of 0.77. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.42. Community Bank System, Inc. has a 1-year low of $42.16 and a 1-year high of $73.39. The firm's 50 day moving average is $55.44 and its 200-day moving average is $61.31.

Community Bank System (NYSE:CBU - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The bank reported $0.93 EPS for the quarter, beating the consensus estimate 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 company had revenue of $196.20 million during the quarter, compared to the consensus estimate of $197.13 million. During the same quarter in the prior year, the firm posted $1.18 EPS. The firm's revenue for the quarter was up 10.7% compared to the same quarter last year. On average, analysts expect that Community Bank System, Inc. will post 4.18 earnings per share for the current fiscal year.

Community Bank System Dividend Announcement

The firm 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 $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date is Friday, June 13th. Community Bank System's dividend payout ratio (DPR) is presently 50.97%.

Analyst Upgrades and Downgrades

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

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.