Insider Selling: Community Bank System, Inc. (NYSE:CBU) Director Sells $287,794.70 in Stock

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

Community Bank System Trading Down 0.7 %

Shares of NYSE CBU opened at $69.60 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.76 and a current ratio of 0.76. Community Bank System, Inc. has a 52-week low of $41.50 and a 52-week high of $73.39. The firm has a 50 day moving average price of $62.41 and a two-hundred day moving average price of $56.09. The stock has a market cap of $3.66 billion, a P/E ratio of 21.68 and a beta of 0.62.

Community Bank System (NYSE:CBU) last posted its quarterly earnings data on Tuesday, October 22nd. The bank reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.05). Community Bank System had a return on equity of 10.52% and a net margin of 18.82%. The firm had revenue of $188.94 million for the quarter, compared to analyst estimates of $186.35 million. During the same quarter last year, the company earned $0.82 earnings per share. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. As a group, equities analysts forecast that Community Bank System, Inc. will post 3.38 EPS for the current year.

Community Bank System Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its stake in shares of Community Bank System by 8.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,770,648 shares of the bank’s stock valued at $83,588,000 after buying an additional 142,909 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Community Bank System by 164.9% in the second quarter. Victory Capital Management Inc. now owns 213,167 shares of the bank’s stock valued at $10,064,000 after buying an additional 132,697 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Community Bank System by 152.9% in the second quarter. Assenagon Asset Management S.A. now owns 182,397 shares of the bank’s stock valued at $8,611,000 after buying an additional 110,288 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of Community Bank System by 151.8% in the third quarter. Jane Street Group LLC now owns 127,227 shares of the bank’s stock valued at $7,388,000 after buying an additional 76,703 shares in the last quarter. Finally, Boston Partners bought a new position in shares of Community Bank System during the first quarter valued at about $3,558,000. 73.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on CBU shares. Raymond James raised shares of Community Bank System from a “market perform” rating to a “strong-buy” rating and set a $67.00 price objective for the company in a research note on Monday, October 28th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $59.00 price target on shares of Community Bank System in a research 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.