UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Position in Community Bank System, Inc. (NYSE:CBU)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Community Bank System, Inc. (NYSE:CBU - Free Report) by 16.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 128,437 shares of the bank's stock after purchasing an additional 18,570 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.24% of Community Bank System worth $7,922,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC increased its position in Community Bank System by 99.0% during the 3rd quarter. Barclays PLC now owns 109,647 shares of the bank's stock worth $6,367,000 after purchasing an additional 54,554 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Community Bank System by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 254,869 shares of the bank's stock worth $15,720,000 after buying an additional 7,160 shares during the period. Raymond James Financial Inc. acquired a new stake in Community Bank System in the fourth quarter worth $687,000. Sei Investments Co. grew its stake in shares of Community Bank System by 264.8% in the 4th quarter. Sei Investments Co. now owns 33,239 shares of the bank's stock valued at $2,050,000 after buying an additional 24,127 shares during the period. Finally, Norges Bank acquired a new stake in shares of Community Bank System in the 4th quarter valued at about $34,779,000. 73.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Community Bank System Stock Performance

Shares of Community Bank System stock traded down $0.55 during mid-day trading on Wednesday, hitting $55.83. 155,737 shares of the stock were exchanged, compared to its average volume of 255,454. Community Bank System, Inc. has a 12 month low of $42.16 and a 12 month high of $73.39. The company has a 50-day simple moving average of $55.18 and a 200 day simple moving average of $60.69. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.76 and a current ratio of 0.76. The company has a market capitalization of $2.95 billion, a P/E ratio of 16.23 and a beta of 0.77.

Community Bank System (NYSE:CBU - Get Free Report) last posted 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 business had revenue of $196.20 million for the quarter, compared to the consensus estimate of $197.13 million. During the same quarter in the prior year, the business earned $1.18 earnings per share. Community Bank System's revenue for the quarter was up 10.7% on a year-over-year basis. Sell-side analysts anticipate that Community Bank System, Inc. will post 4.18 earnings per share for the current fiscal year.

Community Bank System Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.84 annualized dividend and a dividend yield of 3.30%. Community Bank System's 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.