Occudo Quantitative Strategies LP Decreases Stock Position in Community Bank System, Inc. (NYSE:CBU)

Occudo Quantitative Strategies LP decreased its position in Community Bank System, Inc. (NYSE:CBU - Free Report) by 36.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,719 shares of the bank's stock after selling 6,713 shares during the quarter. Occudo Quantitative Strategies LP's holdings in Community Bank System were worth $723,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in CBU. Norges Bank acquired a new position in Community Bank System in the 4th quarter valued at about $34,779,000. Deprince Race & Zollo Inc. acquired a new position in shares of Community Bank System during the 4th quarter valued at about $32,368,000. JPMorgan Chase & Co. increased its stake in shares of Community Bank System by 210.0% during the 4th quarter. JPMorgan Chase & Co. now owns 348,405 shares of the bank's stock valued at $21,490,000 after acquiring an additional 236,028 shares during the last quarter. Northern Trust Corp increased its stake in shares of Community Bank System by 27.3% during the 4th quarter. Northern Trust Corp now owns 677,841 shares of the bank's stock valued at $41,809,000 after acquiring an additional 145,172 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in shares of Community Bank System by 699.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 144,817 shares of the bank's stock valued at $8,932,000 after acquiring an additional 126,700 shares during the last quarter. Institutional investors and hedge funds own 73.79% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Keefe, Bruyette & Woods upped their price objective on shares of Community Bank System from $74.00 to $76.00 and gave the company a "market perform" rating in a research note on Wednesday, January 22nd. StockNews.com raised shares of Community Bank System from a "sell" rating to a "hold" rating in a research note on Friday.

Community Bank System Trading Up 0.2%

CBU traded up $0.13 on Friday, reaching $58.05. 215,537 shares of the company's stock were exchanged, compared to its average volume of 260,630. The company's 50 day moving average is $55.47 and its 200-day moving average is $61.58. The company has a market cap of $3.07 billion, a price-to-earnings ratio of 16.87 and a beta of 0.77. Community Bank System, Inc. has a twelve month low of $42.16 and a twelve month high of $73.39. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.76 and a current ratio of 0.76.

Community Bank 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 analysts' consensus estimates of $0.91 by $0.02. The firm had revenue of $196.20 million during the quarter, compared to the consensus estimate of $197.13 million. Community Bank System had a net margin of 19.40% and a return on equity of 10.94%. The company's revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.18 EPS. Equities analysts predict that Community Bank System, Inc. will post 4.18 earnings per share for the current year.

Community Bank System Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Friday, June 13th will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date of this dividend is Friday, June 13th. Community Bank System's dividend payout ratio (DPR) is presently 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.