Fulton Bank N.A. Acquires 900 Shares of Community Bank System, Inc. (NYSE:CBU)

Fulton Bank N.A. boosted its holdings in shares of Community Bank System, Inc. (NYSE:CBU) by 13.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,376 shares of the bank’s stock after purchasing an additional 900 shares during the quarter. Fulton Bank N.A.’s holdings in Community Bank System were worth $348,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Strs Ohio grew its holdings in Community Bank System by 900.0% during the 4th quarter. Strs Ohio now owns 1,000 shares of the bank’s stock valued at $52,000 after buying an additional 900 shares in the last quarter. Benjamin Edwards Inc. grew its holdings in Community Bank System by 40.7% during the 1st quarter. Benjamin Edwards Inc. now owns 2,695 shares of the bank’s stock valued at $129,000 after buying an additional 780 shares in the last quarter. TFO Wealth Partners LLC grew its holdings in Community Bank System by 37,162.5% during the 4th quarter. TFO Wealth Partners LLC now owns 2,981 shares of the bank’s stock valued at $155,000 after buying an additional 2,973 shares in the last quarter. Invesco LLC purchased a new position in Community Bank System during the 4th quarter valued at approximately $181,000. Finally, Bailard Inc. purchased a new position in Community Bank System during the 4th quarter valued at approximately $203,000. Institutional investors own 73.79% of the company’s stock.

Community Bank System Trading Up 0.2 %

Shares of Community Bank System stock traded up $0.14 on Tuesday, reaching $57.45. The company had a trading volume of 217,399 shares, compared to its average volume of 301,464. The firm has a market cap of $3.03 billion, a price-to-earnings ratio of 18.07 and a beta of 0.65. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.75 and a quick ratio of 0.74. The firm’s 50-day moving average price is $50.25 and its two-hundred day moving average price is $47.33. Community Bank System, Inc. has a 1 year low of $35.38 and a 1 year high of $63.95.

Community Bank System (NYSE:CBU) last announced its earnings results on Tuesday, July 23rd. The bank reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.14. Community Bank System had a return on equity of 8.94% and a net margin of 15.90%. The firm had revenue of $183.80 million during the quarter, compared to analysts’ expectations of $180.05 million. During the same quarter in the previous year, the business earned $0.91 EPS. The company’s quarterly revenue was up 4.9% on a year-over-year basis. As a group, research analysts predict that Community Bank System, Inc. will post 3.34 earnings per share for the current fiscal year.

Community Bank System Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 10th. Investors of record on Friday, September 13th will be issued a dividend of $0.46 per share. The ex-dividend date is Friday, September 13th. This represents a $1.84 dividend on an annualized basis and a yield of 3.20%. This is a boost from Community Bank System’s previous quarterly dividend of $0.45. Community Bank System’s payout ratio is presently 57.86%.

Analyst Upgrades and Downgrades

Separately, Raymond James cut Community Bank System from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 24th.

Insider Activity at Community Bank System

In other news, CEO Dimitar Karaivanov bought 1,000 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was acquired at an average cost of $43.52 per share, with a total value of $43,520.00. Following the transaction, the chief executive officer now directly owns 19,653 shares in the company, valued at approximately $855,298.56. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.89% of the stock is owned by company insiders.

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.