Insider Buying: Community Bank System, Inc. (NYSE:CBU) Director Acquires 320 Shares of Stock

Community Bank System, Inc. (NYSE:CBU) Director Kerrie D. Macpherson purchased 320 shares of Community Bank System stock in a transaction that occurred on Tuesday, November 5th. The stock was acquired at an average cost of $62.20 per share, with a total value of $19,904.00. Following the acquisition, the director now directly owns 3,302 shares of the company’s stock, valued at $205,384.40. The trade was a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.

Community Bank System Trading Down 4.6 %

NYSE:CBU opened at $67.50 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.75 and a debt-to-equity ratio of 0.35. The business’s 50 day moving average is $59.38 and its two-hundred day moving average is $53.69. Community Bank System, Inc. has a 52 week low of $40.74 and a 52 week high of $71.49. The company has a market cap of $3.55 billion, a PE ratio of 21.03 and a beta of 0.62.

Community Bank System (NYSE:CBU) last released its earnings results on Tuesday, October 22nd. The bank reported $0.83 EPS for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $186.35 million. During the same period in the prior year, the business earned $0.82 EPS. The company’s quarterly revenue was up 7.7% on a year-over-year basis. On average, analysts predict that Community Bank System, Inc. will post 3.39 EPS for the current year.

Community Bank System Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 13th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend is Friday, December 13th. Community Bank System’s dividend payout ratio is presently 57.32%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CBU shares. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $59.00 price target on shares of Community Bank System in a report on Tuesday, September 10th. Raymond James raised Community Bank System from a “market perform” rating to a “strong-buy” rating and set a $67.00 price target for the company in a report on Monday, October 28th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of CBU. Point72 DIFC Ltd bought a new stake in shares of Community Bank System in the 2nd quarter worth approximately $76,000. KBC Group NV lifted its holdings in shares of Community Bank System by 23.6% in the 3rd quarter. KBC Group NV now owns 1,816 shares of the bank’s stock worth $105,000 after purchasing an additional 347 shares during the last quarter. Benjamin Edwards Inc. lifted its holdings in shares of Community Bank System by 27.5% in the 2nd quarter. Benjamin Edwards Inc. now owns 3,436 shares of the bank’s stock worth $162,000 after purchasing an additional 741 shares during the last quarter. IFG Advisory LLC bought a new stake in shares of Community Bank System in the 2nd quarter worth approximately $212,000. Finally, QRG Capital Management Inc. lifted its holdings in shares of Community Bank System by 4.5% in the 2nd quarter. QRG Capital Management Inc. now owns 4,895 shares of the bank’s stock worth $231,000 after purchasing an additional 212 shares during the last quarter. Institutional investors own 73.79% of the company’s stock.

Community Bank System Company 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.