SG Americas Securities LLC Takes Position in Community Financial System, Inc. (NYSE:CBU)

SG Americas Securities LLC acquired a new position in Community Financial System, Inc. (NYSE:CBU - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 20,178 shares of the bank's stock, valued at approximately $1,147,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Federated Hermes Inc. boosted its holdings in Community Financial System by 12.9% in the 4th quarter. Federated Hermes Inc. now owns 831,387 shares of the bank's stock worth $51,280,000 after buying an additional 94,850 shares during the period. Northern Trust Corp boosted its holdings in Community Financial 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 buying an additional 145,172 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Community Financial System by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 661,317 shares of the bank's stock worth $40,790,000 after buying an additional 8,326 shares during the period. Bank of New York Mellon Corp boosted its holdings in Community Financial System by 6.4% in the 4th quarter. Bank of New York Mellon Corp now owns 565,920 shares of the bank's stock worth $34,906,000 after buying an additional 34,143 shares during the period. Finally, Norges Bank bought a new position in Community Financial System in the 4th quarter worth approximately $34,779,000. 73.79% of the stock is owned by institutional investors.

Community Financial System Price Performance

NYSE CBU traded down $0.22 on Friday, hitting $54.03. The stock had a trading volume of 369,102 shares, compared to its average volume of 247,904. Community Financial System, Inc. has a 52-week low of $43.74 and a 52-week high of $73.39. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.76 and a current ratio of 0.76. The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of 14.97 and a beta of 0.79. The firm has a 50-day moving average of $55.73 and a 200-day moving average of $59.50.

Community Financial System (NYSE:CBU - Get Free Report) last posted its 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 Financial System had a net margin of 19.89% and a return on equity of 10.98%. The business had revenue of $196.20 million for the quarter, compared to analysts' expectations of $197.13 million. During the same period in the prior year, the company posted $1.18 EPS. The business's revenue for the quarter was up 10.7% compared to the same quarter last year. Equities analysts expect that Community Financial System, Inc. will post 4.18 EPS for the current year.

Community Financial System Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Friday, June 13th will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 3.41%. The ex-dividend date of this dividend is Friday, June 13th. Community Financial System's dividend payout ratio (DPR) is currently 50.97%.

Analyst Ratings Changes

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

Community Financial 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.