Community Bank System Inc. (NYSE:CBU) Director Edward S. Mucenski sold 3,000 shares of the firm’s stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $54.85, for a total value of $164,550.00. Following the sale, the director now directly owns 5,272 shares of the company’s stock, valued at $289,169.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Community Bank System Inc. (NYSE:CBU) traded down 1.76% during trading on Monday, reaching $54.86. The company’s stock had a trading volume of 48,829 shares. The company’s 50-day moving average is $48.57 and its 200-day moving average is $44.52. The company has a market capitalization of $2.43 billion, a P/E ratio of 24.76 and a beta of 0.92. Community Bank System Inc. has a 1-year low of $34.27 and a 1-year high of $56.13.

Community Bank System (NYSE:CBU) last issued its quarterly earnings data on Thursday, October 27th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.02. Community Bank System had a return on equity of 8.42% and a net margin of 22.65%. The business had revenue of $108.40 million for the quarter, compared to the consensus estimate of $108.96 million. During the same period in the prior year, the business earned $0.60 earnings per share. The business’s revenue was up 15.7% on a year-over-year basis. Equities analysts anticipate that Community Bank System Inc. will post $2.32 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 10th. Stockholders of record on Thursday, December 15th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.29%. Community Bank System’s dividend payout ratio is currently 57.92%.

Hedge funds have recently modified their holdings of the stock. Victory Capital Management Inc. increased its stake in shares of Community Bank System by 0.4% in the third quarter. Victory Capital Management Inc. now owns 2,968 shares of the company’s stock valued at $143,000 after buying an additional 12 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in shares of Community Bank System by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 19,500 shares of the company’s stock valued at $801,000 after buying an additional 100 shares in the last quarter. O Shaughnessy Asset Management LLC increased its stake in shares of Community Bank System by 2.4% in the second quarter. O Shaughnessy Asset Management LLC now owns 5,016 shares of the company’s stock valued at $206,000 after buying an additional 118 shares in the last quarter. Profund Advisors LLC increased its stake in shares of Community Bank System by 1.3% in the second quarter. Profund Advisors LLC now owns 9,643 shares of the company’s stock valued at $396,000 after buying an additional 123 shares in the last quarter. Finally, Maple Capital Management Inc. increased its stake in shares of Community Bank System by 0.4% in the third quarter. Maple Capital Management Inc. now owns 29,092 shares of the company’s stock valued at $1,400,000 after buying an additional 125 shares in the last quarter. Institutional investors and hedge funds own 65.22% of the company’s stock.

A number of brokerages recently issued reports on CBU. Zacks Investment Research raised Community Bank System from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research report on Monday, July 25th. Hovde Group lifted their target price on Community Bank System from $43.00 to $49.00 and gave the company a “market perform” rating in a research report on Tuesday, October 25th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $44.00.

Community Bank System Company Profile

Community Bank System, Inc is a bank holding company. The Company owns two subsidiaries: Community Bank, N.A. (CBNA or the Bank) and Benefit Plans Administrative Services, Inc (BPAS). It operates in three segments: banking, employee benefit services, and All Other. The Banking segment provides lending and depository-related products and services to individuals, businesses and municipal enterprises.

5 Day Chart for NYSE:CBU

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