Janney Montgomery Scott LLC Boosts Stake in Community Bank System, Inc. (NYSE:CBU)

Janney Montgomery Scott LLC lifted its holdings in shares of Community Bank System, Inc. (NYSE:CBU) by 2.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 48,839 shares of the bank’s stock after acquiring an additional 1,290 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Community Bank System were worth $2,545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of CBU. Assenagon Asset Management S.A. purchased a new stake in shares of Community Bank System during the 3rd quarter valued at about $6,405,000. Federated Hermes Inc. grew its position in Community Bank System by 38.5% in the 3rd quarter. Federated Hermes Inc. now owns 470,965 shares of the bank’s stock worth $19,879,000 after purchasing an additional 130,970 shares during the period. Dimensional Fund Advisors LP raised its stake in Community Bank System by 6.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,582,679 shares of the bank’s stock valued at $82,475,000 after buying an additional 91,165 shares during the last quarter. Numerai GP LLC bought a new position in shares of Community Bank System during the 3rd quarter valued at $2,154,000. Finally, Tudor Investment Corp Et Al boosted its position in Community Bank System by 62.7% in the third quarter. Tudor Investment Corp Et Al now owns 113,604 shares of the bank’s stock worth $4,795,000 after purchasing an additional 43,766 shares during the last quarter. 73.79% of the stock is currently owned by institutional investors.

Community Bank System Trading Up 0.1 %

Shares of NYSE CBU opened at $46.45 on Friday. Community Bank System, Inc. has a 1-year low of $35.38 and a 1-year high of $55.64. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.74 and a quick ratio of 0.74. The business’s 50 day moving average is $45.69 and its two-hundred day moving average is $46.69. The stock has a market capitalization of $2.45 billion, a P/E ratio of 14.61 and a beta of 0.66.

Community Bank System (NYSE:CBU) last issued its earnings results on Tuesday, April 23rd. The bank reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.03. The business had revenue of $178.29 million for the quarter, compared to the consensus estimate of $178.97 million. Community Bank System had a net margin of 16.59% and a return on equity of 8.93%. As a group, research analysts expect that Community Bank System, Inc. will post 3.21 EPS for the current year.

Community Bank System Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.45 per share. The ex-dividend date is Friday, June 14th. This represents a $1.80 annualized dividend and a dividend yield of 3.88%. Community Bank System’s dividend payout ratio is presently 56.60%.

Analysts Set New Price Targets

Separately, DA Davidson reissued a “neutral” rating and set a $50.00 price target on shares of Community Bank System in a report on Thursday, March 14th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $47.67.

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.