Nuveen Asset Management LLC Has $14.71 Million Holdings in Community Bank System, Inc. (NYSE:CBU)

Nuveen Asset Management LLC lowered its stake in Community Bank System, Inc. (NYSE:CBU - Free Report) by 37.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 238,491 shares of the bank's stock after selling 140,460 shares during the quarter. Nuveen Asset Management LLC owned about 0.45% of Community Bank System worth $14,710,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of CBU. US Bancorp DE lifted its position in shares of Community Bank System by 17.1% in 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 in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Community Bank System by 140.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,203 shares of the bank's stock worth $74,000 after purchasing an additional 702 shares in the last quarter. Principal Securities Inc. lifted its position in shares of Community Bank System by 13.7% in the fourth quarter. Principal Securities Inc. now owns 1,774 shares of the bank's stock worth $109,000 after purchasing an additional 214 shares in the last quarter. Aquatic Capital Management LLC bought a new stake in shares of Community Bank System in the fourth quarter worth $125,000. Finally, Assetmark Inc. bought a new stake in shares of Community Bank System in the fourth quarter worth $127,000. Institutional investors own 73.79% of the company's stock.

Analyst Upgrades and Downgrades

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

Community Bank System Stock Performance

NYSE CBU traded up $0.23 on Thursday, hitting $56.35. 54,074 shares of the stock were exchanged, compared to its average volume of 257,472. 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 business's fifty day moving average is $55.36 and its 200 day moving average is $61.15. Community Bank System, Inc. has a 52 week low of $42.16 and a 52 week high of $73.39. The company has a market capitalization of $2.98 billion, a PE ratio of 16.38 and a beta of 0.77.

Community Bank System (NYSE:CBU - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The bank reported $0.93 earnings per share (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 in the prior year, the firm posted $1.18 earnings per share. The company's quarterly revenue was up 10.7% compared to the same quarter last year. Research analysts anticipate that Community Bank System, Inc. will post 4.18 EPS for the current fiscal year.

Community Bank System Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Friday, June 13th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.84 annualized dividend and a dividend yield of 3.27%. Community Bank System's dividend 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.