S. R. Schill & Associates cut its holdings in shares of Community Bank System, Inc. (NYSE:CBU) by 54.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,251 shares of the bank’s stock after selling 9,997 shares during the quarter. S. R. Schill & Associates’ holdings in Community Bank System were worth $443,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in Community Bank System during the 3rd quarter worth approximately $151,000. CIBC Asset Management Inc purchased a new stake in Community Bank System during the 3rd quarter worth approximately $204,000. Ameritas Investment Partners Inc. increased its holdings in Community Bank System by 15.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,311 shares of the bank’s stock worth $240,000 after purchasing an additional 592 shares during the last quarter. Shelton Capital Management purchased a new stake in Community Bank System during the 2nd quarter worth approximately $247,000. Finally, Empire Life Investments Inc. increased its holdings in Community Bank System by 17.9% during the 3rd quarter. Empire Life Investments Inc. now owns 7,541 shares of the bank’s stock worth $417,000 after purchasing an additional 1,143 shares during the last quarter. Institutional investors own 69.14% of the company’s stock.
In other news, EVP Brian D. Donahue sold 5,535 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $55.19, for a total value of $305,476.65. Following the completion of the sale, the executive vice president now directly owns 43,844 shares in the company, valued at approximately $2,419,750.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director R Kallet Michael sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $56.38, for a total value of $422,850.00. Following the completion of the sale, the director now owns 4,103 shares of the company’s stock, valued at $231,327.14. The disclosure for this sale can be found here. Insiders sold a total of 15,440 shares of company stock valued at $862,488 over the last quarter. Company insiders own 3.20% of the company’s stock.
Shares of Community Bank System, Inc. (NYSE CBU) opened at $52.07 on Tuesday. Community Bank System, Inc. has a twelve month low of $48.89 and a twelve month high of $61.25. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.75 and a quick ratio of 0.72. The firm has a market capitalization of $2,753.30, a P/E ratio of 17.36, a PEG ratio of 1.81 and a beta of 1.02.
Community Bank System (NYSE:CBU) last issued its quarterly earnings results on Monday, January 22nd. The bank reported $0.71 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.71. Community Bank System had a return on equity of 9.18% and a net margin of 28.34%. The business had revenue of $139.90 million during the quarter, compared to the consensus estimate of $138.09 million. During the same period in the previous year, the business earned $0.59 EPS. The business’s quarterly revenue was up 28.1% on a year-over-year basis. sell-side analysts predict that Community Bank System, Inc. will post 3 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 10th. Stockholders of record on Friday, December 15th were issued a $0.34 dividend. The ex-dividend date was Thursday, December 14th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.61%. Community Bank System’s dividend payout ratio (DPR) is 45.33%.
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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