Community Bank System, Inc. (CBU) EVP Brian D. Donahue Sells 5,535 Shares of Stock

Community Bank System, Inc. (NYSE:CBU) EVP Brian D. Donahue sold 5,535 shares of the stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $55.19, for a total transaction of $305,476.65. Following the sale, the executive vice president now owns 43,844 shares in the company, valued at approximately $2,419,750.36. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Shares of Community Bank System, Inc. (CBU) traded down $0.40 during trading hours on Friday, reaching $54.75. 126,635 shares of the company traded hands, compared to its average volume of 259,095. The company has a market cap of $2,791.09, a P/E ratio of 25.00, a price-to-earnings-growth ratio of 2.07 and a beta of 1.07. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.72 and a current ratio of 0.72. Community Bank System, Inc. has a fifty-two week low of $48.89 and a fifty-two week high of $63.04.

Community Bank System (NYSE:CBU) last issued its quarterly earnings data on Monday, October 23rd. The bank reported $0.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.06. The business had revenue of $137.30 million during the quarter, compared to the consensus estimate of $138.74 million. Community Bank System had a net margin of 21.00% and a return on equity of 9.22%. The firm’s revenue was up 26.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.61 EPS. equities analysts predict that Community Bank System, Inc. will post 2.66 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Friday, December 15th will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 2.48%. The ex-dividend date is Thursday, December 14th. Community Bank System’s payout ratio is 62.10%.

CBU has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Community Bank System from a “hold” rating to a “strong-buy” rating and set a $58.00 price target on the stock in a research report on Tuesday, September 12th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $54.00 price target on shares of Community Bank System in a research report on Friday, October 13th. DA Davidson set a $55.00 price target on shares of Community Bank System and gave the stock a “hold” rating in a research report on Tuesday, October 24th. They noted that the move was a valuation call. Finally, Sandler O’Neill upgraded shares of Community Bank System from a “sell” rating to a “hold” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $55.20.

Large investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Community Bank System by 9.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,080 shares of the bank’s stock valued at $116,000 after purchasing an additional 174 shares during the last quarter. Pacad Investment Ltd. bought a new position in Community Bank System in the 2nd quarter valued at approximately $139,000. SG Americas Securities LLC bought a new position in Community Bank System in the 3rd quarter valued at approximately $151,000. Riverhead Capital Management LLC lifted its stake in Community Bank System by 104.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,862 shares of the bank’s stock valued at $160,000 after purchasing an additional 1,462 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Community Bank System by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 3,501 shares of the bank’s stock valued at $195,000 after purchasing an additional 524 shares during the last quarter. 69.19% of the stock is owned by institutional investors and hedge funds.

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About Community Bank System

Community Bank System, Inc is a bank holding company. The Company owns two subsidiaries: Community Bank, N.A. (CBNA or the Bank) and Benefit Plans Administrative Services, Inc (BPAS). It operates in three segments: banking, employee benefit services, and All Other. The Banking segment provides lending and depository-related products and services to individuals, businesses and municipal enterprises.

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