Anchor Capital Advisors LLC Has $1.50 Million Stake in Community Bank System, Inc. (NYSE:CBU)

Anchor Capital Advisors LLC increased its stake in shares of Community Bank System, Inc. (NYSE:CBU) by 4.9% during the first quarter, HoldingsChannel reports. The fund owned 31,261 shares of the bank’s stock after buying an additional 1,459 shares during the period. Anchor Capital Advisors LLC’s holdings in Community Bank System were worth $1,501,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in Community Bank System in the 1st quarter valued at $583,000. Quantbot Technologies LP acquired a new stake in Community Bank System in the 1st quarter valued at $592,000. Texas Permanent School Fund Corp increased its stake in Community Bank System by 1.2% in the 1st quarter. Texas Permanent School Fund Corp now owns 46,671 shares of the bank’s stock valued at $2,242,000 after buying an additional 573 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in Community Bank System by 6.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 51,750 shares of the bank’s stock valued at $2,486,000 after buying an additional 2,911 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its stake in Community Bank System by 77.3% in the 1st quarter. BNP Paribas Financial Markets now owns 29,113 shares of the bank’s stock valued at $1,398,000 after buying an additional 12,692 shares during the last quarter. 73.79% of the stock is currently owned by institutional investors and hedge funds.

Community Bank System Stock Performance

Shares of Community Bank System stock traded up $2.42 during trading on Monday, hitting $54.50. 133,267 shares of the stock were exchanged, compared to its average volume of 286,505. The stock has a market capitalization of $2.88 billion, a price-to-earnings ratio of 16.91 and a beta of 0.65. The company has a fifty day moving average price of $46.10 and a 200-day moving average price of $46.23. Community Bank System, Inc. has a 1-year low of $35.38 and a 1-year high of $55.45. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.24.

Community Bank System (NYSE:CBU) last released its quarterly earnings data on Tuesday, April 23rd. The bank reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.03. The company had revenue of $178.29 million for the quarter, compared to analyst estimates 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, equities analysts predict that Community Bank System, Inc. will post 3.21 EPS for the current fiscal year.

Community Bank System Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 10th. Stockholders of record on Friday, June 14th were paid a dividend of $0.45 per share. The ex-dividend date was Friday, June 14th. This represents a $1.80 annualized dividend and a dividend yield of 3.30%. Community Bank System’s dividend payout ratio is presently 56.60%.

Insider Transactions at Community Bank System

In related news, CEO Dimitar Karaivanov bought 1,000 shares of Community Bank System stock in a transaction that occurred on Thursday, June 13th. The stock was acquired at an average price of $43.52 per share, with a total value of $43,520.00. Following the acquisition, the chief executive officer now owns 19,653 shares of the company’s stock, valued at approximately $855,298.56. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.