Wipfli Financial Advisors LLC Invests $29,000 in Community Bank System, Inc. (NYSE:CBU)

Wipfli Financial Advisors LLC purchased a new position in shares of Community Bank System, Inc. (NYSE:CBUGet Rating) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 485 shares of the bank’s stock, valued at approximately $29,000.

A number of other hedge funds also recently modified their holdings of the business. BlackRock Inc. raised its position in shares of Community Bank System by 0.6% during the first quarter. BlackRock Inc. now owns 7,943,008 shares of the bank’s stock worth $557,203,000 after purchasing an additional 50,524 shares during the period. Vanguard Group Inc. raised its position in shares of Community Bank System by 0.8% during the first quarter. Vanguard Group Inc. now owns 6,382,421 shares of the bank’s stock worth $447,727,000 after purchasing an additional 51,693 shares during the period. State Street Corp raised its position in shares of Community Bank System by 11.4% during the second quarter. State Street Corp now owns 5,611,774 shares of the bank’s stock worth $357,486,000 after purchasing an additional 574,407 shares during the period. Dimensional Fund Advisors LP raised its position in Community Bank System by 3.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,173,356 shares of the bank’s stock valued at $82,312,000 after buying an additional 42,368 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Community Bank System by 3.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 469,990 shares of the bank’s stock valued at $32,970,000 after buying an additional 15,734 shares during the last quarter. Institutional investors and hedge funds own 71.78% of the company’s stock.

Community Bank System Stock Down 0.9 %

NYSE:CBU opened at $60.01 on Friday. The firm has a market capitalization of $3.22 billion, a price-to-earnings ratio of 18.24 and a beta of 0.67. Community Bank System, Inc. has a twelve month low of $58.28 and a twelve month high of $75.02. The stock’s 50 day moving average price is $62.94 and its two-hundred day moving average price is $64.07. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.10.

Community Bank System (NYSE:CBUGet Rating) last posted its quarterly earnings results on Monday, October 24th. The bank reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.05). The company had revenue of $175.64 million for the quarter, compared to analyst estimates of $173.18 million. Community Bank System had a return on equity of 10.56% and a net margin of 26.44%. Equities research analysts expect that Community Bank System, Inc. will post 3.52 earnings per share for the current fiscal year.

Community Bank System Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 10th. Stockholders of record on Thursday, December 15th were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Wednesday, December 14th. This represents a $1.76 annualized dividend and a dividend yield of 2.93%. Community Bank System’s dividend payout ratio is currently 53.50%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. DA Davidson dropped their target price on Community Bank System to $59.00 in a research report on Thursday, October 27th. StockNews.com lowered Community Bank System from a “hold” rating to a “sell” rating in a research report on Tuesday, January 10th. Hovde Group dropped their target price on Community Bank System to $67.00 in a research report on Thursday, October 27th. Finally, Raymond James assumed coverage on Community Bank System in a research report on Tuesday, December 20th. They issued a “market perform” rating on the stock.

Community Bank System Profile

(Get Rating)

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 checking, savings, and money market deposit accounts, as well as time deposits.

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Institutional Ownership by Quarter for Community Bank System (NYSE:CBU)

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