Hsbc Holdings PLC Increases Stock Position in Community Bank System, Inc. (NYSE:CBU)

Hsbc Holdings PLC increased its holdings in Community Bank System, Inc. (NYSE:CBU - Free Report) by 60.0% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 12,950 shares of the bank's stock after buying an additional 4,857 shares during the quarter. Hsbc Holdings PLC's holdings in Community Bank System were worth $801,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Stifel Financial Corp boosted its holdings in Community Bank System by 6.4% in the fourth quarter. Stifel Financial Corp now owns 32,727 shares of the bank's stock worth $2,019,000 after purchasing an additional 1,976 shares during the last quarter. MetLife Investment Management LLC increased its position in shares of Community Bank System by 4.2% during the 4th quarter. MetLife Investment Management LLC now owns 31,426 shares of the bank's stock valued at $1,938,000 after purchasing an additional 1,261 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Community Bank System in the 4th quarter worth approximately $1,554,000. Sterling Capital Management LLC boosted its holdings in shares of Community Bank System by 1.5% in the fourth quarter. Sterling Capital Management LLC now owns 77,405 shares of the bank's stock worth $4,774,000 after buying an additional 1,170 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Community Bank System during the fourth quarter valued at approximately $687,000. Hedge funds and other institutional investors own 73.79% of the company's stock.

Community Bank System Price Performance

NYSE:CBU traded down $0.36 during trading hours on Friday, hitting $56.46. 112,322 shares of the stock traded hands, compared to its average volume of 260,116. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 16.41 and a beta of 0.77. Community Bank System, Inc. has a 1 year low of $42.16 and a 1 year high of $73.39. The stock has a 50 day moving average price of $55.52 and a 200 day moving average price of $61.64. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.42.

Community Bank System (NYSE:CBU - Get Free Report) last released its earnings results on Tuesday, April 29th. The bank reported $0.93 earnings per share for the quarter, beating analysts' consensus estimates 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 company had revenue of $196.20 million for the quarter, compared to analysts' expectations of $197.13 million. During the same quarter in the previous year, the company earned $1.18 EPS. Community Bank System's revenue for the quarter was up 10.7% on a year-over-year basis. Sell-side analysts forecast that Community Bank System, Inc. will post 4.18 EPS for the current fiscal year.

Community Bank System Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Friday, June 13th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date is Friday, June 13th. Community Bank System's dividend payout ratio (DPR) is 50.97%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. StockNews.com cut shares of Community Bank System from a "hold" rating to a "sell" rating in a research note on Thursday. Keefe, Bruyette & Woods lifted their target price on Community Bank System from $74.00 to $76.00 and gave the company a "market perform" rating in a research report on Wednesday, January 22nd.

Community Bank System 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.