Exchange Traded Concepts LLC trimmed its position in shares of Community Bank System, Inc. (NYSE:CBU – Free Report) by 3.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,241 shares of the bank’s stock after selling 336 shares during the period. Exchange Traded Concepts LLC’s holdings in Community Bank System were worth $480,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the company. Benjamin Edwards Inc. boosted its stake in shares of Community Bank System by 159.2% during the 1st quarter. Benjamin Edwards Inc. now owns 547 shares of the bank’s stock valued at $29,000 after buying an additional 336 shares during the last quarter. Quadrant Capital Group LLC grew its position in shares of Community Bank System by 80.4% in the 4th quarter. Quadrant Capital Group LLC now owns 487 shares of the bank’s stock worth $31,000 after acquiring an additional 217 shares in the last quarter. Lazard Asset Management LLC acquired a new position in shares of Community Bank System in the 4th quarter worth approximately $31,000. Eagle Bay Advisors LLC acquired a new position in shares of Community Bank System in the 2nd quarter worth approximately $32,000. Finally, Covestor Ltd boosted its holdings in shares of Community Bank System by 82.8% in the 1st quarter. Covestor Ltd now owns 585 shares of the bank’s stock valued at $41,000 after buying an additional 265 shares during the period. 75.39% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Community Bank System
In related news, Director Brian R. Ace purchased 2,410 shares of Community Bank System stock in a transaction dated Friday, September 22nd. The stock was bought at an average cost of $41.37 per share, with a total value of $99,701.70. Following the purchase, the director now owns 65,421 shares in the company, valued at approximately $2,706,466.77. The acquisition was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Brian R. Ace acquired 2,410 shares of the business’s stock in a transaction dated Friday, September 22nd. The stock was acquired at an average price of $41.37 per share, for a total transaction of $99,701.70. Following the completion of the acquisition, the director now directly owns 65,421 shares in the company, valued at approximately $2,706,466.77. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Dimitar Karaivanov acquired 1,000 shares of the business’s stock in a transaction dated Thursday, September 7th. The stock was purchased at an average price of $44.50 per share, with a total value of $44,500.00. Following the acquisition, the chief operating officer now owns 15,265 shares of the company’s stock, valued at $679,292.50. The disclosure for this purchase can be found here. In the last three months, insiders purchased 4,410 shares of company stock valued at $192,702. Company insiders own 1.89% of the company’s stock.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Report on Community Bank System
Community Bank System Trading Down 0.0 %
Shares of CBU stock opened at $42.32 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.71 and a current ratio of 0.71. Community Bank System, Inc. has a 1 year low of $40.26 and a 1 year high of $65.93. The stock has a fifty day moving average of $46.63 and a two-hundred day moving average of $48.34. The firm has a market capitalization of $2.27 billion, a PE ratio of 14.75 and a beta of 0.62.
Community Bank System (NYSE:CBU – Get Free Report) last announced its quarterly earnings results on Monday, July 31st. The bank reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.06. Community Bank System had a return on equity of 12.59% and a net margin of 22.00%. The company had revenue of $176.34 million during the quarter, compared to analyst estimates of $180.63 million. As a group, research analysts expect that Community Bank System, Inc. will post 3.49 EPS for the current year.
Community Bank System Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 10th. Stockholders of record on Friday, September 15th will be paid a $0.45 dividend. This is a positive change from Community Bank System’s previous quarterly dividend of $0.44. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date is Thursday, September 14th. Community Bank System’s dividend payout ratio is currently 62.72%.
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, 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.
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