Tudor Investment Corp ET AL Invests $2.04 Million in Community Bank System, Inc. (NYSE:CBU)

Tudor Investment Corp ET AL acquired a new stake in shares of Community Bank System, Inc. (NYSE:CBU - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 33,072 shares of the bank's stock, valued at approximately $2,040,000. Tudor Investment Corp ET AL owned about 0.06% of Community Bank System at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Community Bank System in the 4th quarter valued at about $205,000. Aquatic Capital Management LLC bought a new stake in Community Bank System in the fourth quarter valued at about $125,000. Price T Rowe Associates Inc. MD raised its stake in Community Bank System by 10.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 39,791 shares of the bank's stock valued at $2,455,000 after buying an additional 3,735 shares in the last quarter. Dark Forest Capital Management LP bought a new position in Community Bank System during the 4th quarter worth approximately $526,000. Finally, Hsbc Holdings PLC grew its position in shares of Community Bank System by 60.0% in the 4th quarter. Hsbc Holdings PLC now owns 12,950 shares of the bank's stock worth $801,000 after acquiring an additional 4,857 shares in the last quarter. 73.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CBU has been the topic of several research reports. Keefe, Bruyette & Woods upped their price target 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. StockNews.com upgraded shares of Community Bank System from a "sell" rating to a "hold" rating in a research report on Wednesday, April 30th.

Community Bank System Trading Up 3.4 %

Shares of NYSE CBU opened at $56.95 on Monday. Community Bank System, Inc. has a 12-month low of $42.16 and a 12-month high of $73.39. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 16.56 and a beta of 0.74. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.42. The stock's 50 day simple moving average is $56.18 and its 200 day simple moving average is $61.75.

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, beating analysts' consensus estimates of $0.91 by $0.02. The company had revenue of $196.20 million for the quarter, compared to analysts' expectations of $197.13 million. Community Bank System had a return on equity of 10.94% and a net margin of 19.40%. The firm's quarterly revenue was up 10.7% compared to the same quarter last year. During the same period last year, the business posted $1.18 earnings per share. Equities research analysts expect that Community Bank System, Inc. will post 4.18 EPS for the current year.

Community Bank System Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Friday, June 13th will be paid a $0.46 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.84 annualized dividend and a dividend yield of 3.23%. Community Bank System's payout ratio is currently 50.97%.

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.

Want to see what other hedge funds are holding CBU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Community Bank System, Inc. (NYSE:CBU - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.