Community Financial System, Inc. (NYSE:CBU) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its position in shares of Community Financial System, Inc. (NYSE:CBU - Free Report) by 2.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 262,245 shares of the bank's stock after acquiring an additional 7,376 shares during the quarter. Principal Financial Group Inc. owned 0.50% of Community Financial System worth $14,911,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. US Bancorp DE boosted its stake in shares of Community Financial System by 17.1% during the 4th quarter. US Bancorp DE now owns 1,081 shares of the bank's stock worth $67,000 after acquiring an additional 158 shares in the last quarter. Aquatic Capital Management LLC acquired a new position in shares of Community Financial System during the 4th quarter worth approximately $125,000. Assetmark Inc. acquired a new position in shares of Community Financial System during the 4th quarter worth approximately $127,000. KBC Group NV raised its position in shares of Community Financial System by 19.8% during the 1st quarter. KBC Group NV now owns 2,798 shares of the bank's stock worth $159,000 after purchasing an additional 463 shares during the last quarter. Finally, Mackenzie Financial Corp acquired a new position in shares of Community Financial System during the 4th quarter worth approximately $204,000. Hedge funds and other institutional investors own 73.79% of the company's stock.

Community Financial System Price Performance

Shares of Community Financial System stock traded down $1.38 during trading on Friday, hitting $58.12. 297,714 shares of the company were exchanged, compared to its average volume of 243,090. The firm has a 50 day moving average price of $56.90 and a 200 day moving average price of $58.77. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $3.07 billion, a price-to-earnings ratio of 16.10 and a beta of 0.78. Community Financial System, Inc. has a fifty-two week low of $49.44 and a fifty-two week high of $73.39.

Community Financial System (NYSE:CBU - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The bank reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.02. The company had revenue of $196.20 million during the quarter, compared to the consensus estimate of $197.13 million. Community Financial System had a return on equity of 10.98% and a net margin of 19.89%. Community Financial System's revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.18 EPS. On average, equities analysts expect that Community Financial System, Inc. will post 4.18 earnings per share for the current fiscal year.

Community Financial System Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Friday, June 13th were issued a $0.46 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.84 annualized dividend and a yield of 3.17%. Community Financial System's dividend payout ratio (DPR) is presently 50.97%.

Wall Street Analyst Weigh In

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

About Community Financial 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.