John F. Whipple Sells 3,937 Shares of Community Bank System, Inc. (NYSE:CBU) Stock

Community Bank System, Inc. (NYSE:CBU) Director John F. Whipple sold 3,937 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $73.10, for a total value of $287,794.70. Following the completion of the transaction, the director now owns 5,823 shares in the company, valued at $425,661.30. This represents a 40.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Community Bank System Stock Down 0.7 %

Shares of NYSE CBU opened at $69.60 on Thursday. The firm has a market cap of $3.66 billion, a price-to-earnings ratio of 21.68 and a beta of 0.62. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.35. Community Bank System, Inc. has a 52-week low of $41.50 and a 52-week high of $73.39. The business’s 50 day moving average is $62.18 and its two-hundred day moving average is $56.00.

Community Bank System (NYSE:CBU) last announced its earnings results on Tuesday, October 22nd. The bank reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.05). The firm had revenue of $188.94 million during the quarter, compared to analysts’ expectations of $186.35 million. Community Bank System had a net margin of 18.82% and a return on equity of 10.52%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.82 EPS. Research analysts predict that Community Bank System, Inc. will post 3.38 EPS for the current year.

Community Bank System Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 13th will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date is Friday, December 13th. Community Bank System’s dividend payout ratio is currently 57.32%.

Institutional Trading of Community Bank System

A number of large investors have recently modified their holdings of CBU. Point72 DIFC Ltd purchased a new stake in shares of Community Bank System during the second quarter worth $76,000. KBC Group NV increased its position in shares of Community Bank System by 23.6% during the third quarter. KBC Group NV now owns 1,816 shares of the bank’s stock worth $105,000 after acquiring an additional 347 shares during the period. Stone House Investment Management LLC increased its position in shares of Community Bank System by 51.0% during the third quarter. Stone House Investment Management LLC now owns 2,360 shares of the bank’s stock worth $137,000 after acquiring an additional 797 shares during the period. Benjamin Edwards Inc. increased its position in shares of Community Bank System by 27.5% during the second quarter. Benjamin Edwards Inc. now owns 3,436 shares of the bank’s stock worth $162,000 after acquiring an additional 741 shares during the period. Finally, IFG Advisory LLC purchased a new stake in shares of Community Bank System during the second quarter worth $212,000. Hedge funds and other institutional investors own 73.79% of the company’s stock.

Analyst Ratings Changes

CBU has been the topic of a number of recent analyst reports. Raymond James upgraded Community Bank System from a “market perform” rating to a “strong-buy” rating and set a $67.00 price objective on the stock in a report on Monday, October 28th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $59.00 price objective on shares of Community Bank System in a report on Tuesday, September 10th.

About Community Bank System

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.