Jefferies Financial Group Inc. Takes Position in Community Bank System, Inc. (NYSE:CBU)

Jefferies Financial Group Inc. purchased a new stake in Community Bank System, Inc. (NYSE:CBU - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 14,175 shares of the bank's stock, valued at approximately $874,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Mackenzie Financial Corp bought a new stake in Community Bank System in the 4th quarter valued at $204,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Community Bank System by 16.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 128,437 shares of the bank's stock valued at $7,922,000 after buying an additional 18,570 shares during the period. Tidal Investments LLC increased its holdings in Community Bank System by 4.6% in the 4th quarter. Tidal Investments LLC now owns 32,294 shares of the bank's stock valued at $1,992,000 after buying an additional 1,428 shares during the period. Quantedge Capital Pte Ltd bought a new stake in Community Bank System in the 4th quarter valued at $1,733,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Community Bank System by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,779 shares of the bank's stock valued at $1,837,000 after buying an additional 1,141 shares during the period. Institutional investors own 73.79% of the company's stock.

Community Bank System Price Performance

Shares of CBU traded up $0.98 during trading hours on Tuesday, hitting $56.38. The stock had a trading volume of 171,673 shares, compared to its average volume of 255,849. The company's fifty day moving average is $55.19 and its two-hundred day moving average is $60.73. 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, Inc. has a 52 week low of $42.16 and a 52 week high of $73.39. The stock has a market capitalization of $2.98 billion, a price-to-earnings ratio of 16.39 and a beta of 0.77.

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 anticipate that Community Bank System, Inc. will post 4.18 EPS for the current year.

Community Bank System Announces Dividend

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 3.26%. The ex-dividend date of this dividend is Friday, June 13th. Community Bank System's payout ratio is 50.97%.

Wall Street Analyst Weigh In

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

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.