4,887 Shares in Community Financial System, Inc. (NYSE:CBU) Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired a new stake in Community Financial System, Inc. worth approximately $278,000, adding 4,887 shares as reported in their recent Form 13F filing.
• Community Financial System recently increased its quarterly dividend to $0.47 per share, up from the previous $0.46, with a 3.6% dividend yield.
• Despite reporting earnings per share of $0.97, Community Financial System missed the consensus estimate of $1.03 for the quarter, along with revenue falling short of expectations.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Community Financial System, Inc. (NYSE:CBU - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 4,887 shares of the bank's stock, valued at approximately $278,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Aquatic Capital Management LLC acquired a new position in Community Financial System in the fourth quarter valued at about $125,000. KBC Group NV raised its stake in shares of Community Financial System by 19.8% in the 1st quarter. KBC Group NV now owns 2,798 shares of the bank's stock valued at $159,000 after acquiring an additional 463 shares during the period. Mackenzie Financial Corp acquired a new position in shares of Community Financial System in the 4th quarter worth approximately $204,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Community Financial System during the 4th quarter worth approximately $205,000. Finally, MQS Management LLC acquired a new stake in Community Financial System in the 1st quarter valued at approximately $205,000. Institutional investors and hedge funds own 73.79% of the company's stock.

Community Financial System Stock Up 1.5%

Shares of CBU stock traded up $0.79 during trading on Friday, reaching $54.34. The company's stock had a trading volume of 164,595 shares, compared to its average volume of 230,583. Community Financial System, Inc. has a 1-year low of $49.44 and a 1-year high of $73.39. The stock's 50-day moving average price is $56.17 and its 200 day moving average price is $57.90. The company has a market capitalization of $2.87 billion, a price-to-earnings ratio of 14.80 and a beta of 0.80. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.76 and a quick ratio of 0.76.

Community Financial System (NYSE:CBU - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The bank reported $0.97 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.06). Community Financial System had a net margin of 19.91% and a return on equity of 10.71%. The business had revenue of $199.30 million during the quarter, compared to analysts' expectations of $201.93 million. During the same period in the prior year, the business earned $0.95 EPS. The business's quarterly revenue was up 8.4% on a year-over-year basis. On average, research analysts anticipate that Community Financial System, Inc. will post 4.18 EPS for the current year.

Community Financial System Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 12th will be issued a dividend of $0.47 per share. This is a positive change from Community Financial System's previous quarterly dividend of $0.46. The ex-dividend date is Friday, September 12th. This represents a $1.88 annualized dividend and a yield of 3.5%. Community Financial System's dividend payout ratio (DPR) is currently 51.23%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Wall Street Zen lowered Community Financial System from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Keefe, Bruyette & Woods decreased their target price on Community Financial System from $69.00 to $67.00 and set a "market perform" rating on the stock in a research note on Wednesday, July 23rd.

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.