Community Financial System (NYSE:CBU) Director John Vaccaro Purchases 317 Shares

Community Financial System, Inc. (NYSE:CBU) Director John Vaccaro bought 317 shares of Community Financial System stock in a transaction dated Thursday, August 27th. The shares were bought at an average cost of $63.11 per share, with a total value of $20,005.87. Following the completion of the transaction, the director directly owned 492 shares in the company, valued at approximately $31,050.12. This trade represents a 181.14% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Community Financial System Trading Up 0.1%

NYSE:CBU opened at $63.15 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $3.32 billion, a PE ratio of 14.65 and a beta of 0.78. The firm’s 50 day moving average is $65.93 and its 200 day moving average is $63.36. Community Financial System, Inc. has a 12 month low of $53.46 and a 12 month high of $71.11.

Community Financial System (NYSE:CBU) last posted its quarterly earnings data on Tuesday, July 28th. The bank reported $1.16 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.02). Community Financial System had a net margin of 21.79% and a return on equity of 11.47%. The firm had revenue of $218.45 million during the quarter, compared to analysts’ expectations of $221.77 million. During the same quarter in the previous year, the company posted $1.04 EPS. Community Financial System’s revenue for the quarter was up 12.0% on a year-over-year basis. Sell-side analysts expect that Community Financial System, Inc. will post 4.58 earnings per share for the current year.

Community Financial System Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 13th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.1%. This is a boost from Community Financial System’s previous quarterly dividend of $0.47. Community Financial System’s payout ratio is currently 43.62%.

Institutional Trading of Community Financial System

Hedge funds and other institutional investors have recently made changes to their positions in the stock. IFP Advisors Inc boosted its stake in Community Financial System by 507.0% in the 4th quarter. IFP Advisors Inc now owns 522 shares of the bank’s stock worth $30,000 after purchasing an additional 436 shares during the period. GAMMA Investing LLC increased its position in shares of Community Financial System by 38.4% during the second quarter. GAMMA Investing LLC now owns 541 shares of the bank’s stock valued at $36,000 after buying an additional 150 shares during the period. Nykredit A S bought a new stake in shares of Community Financial System during the second quarter valued at about $38,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Community Financial System in the second quarter worth about $44,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Community Financial System by 177.0% in the second quarter. EverSource Wealth Advisors LLC now owns 781 shares of the bank’s stock worth $44,000 after buying an additional 499 shares in the last quarter. 73.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on CBU. Wall Street Zen upgraded Community Financial System from a “sell” rating to a “hold” rating in a research note on Monday, August 10th. Piper Sandler lifted their target price on shares of Community Financial System from $66.00 to $71.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Keefe, Bruyette & Woods lowered their price target on shares of Community Financial System from $70.00 to $68.00 and set a “market perform” rating on the stock in a research report on Thursday, July 30th. Finally, Weiss Ratings upgraded shares of Community Financial System from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $71.50.

About Community Financial System

Community Financial System (NYSE: CBU) is the bank holding company for Community Bank, National Association, a full-service commercial bank headquartered in DeWitt, New York. Through its principal subsidiary, the company offers a range of banking and financial services designed to meet the needs of both consumer and business clients. Its organizational structure centers on community-based banking operations supported by centralized technology, risk management and administrative functions.

The company’s product offerings include deposit accounts, residential and commercial mortgage loans, commercial and consumer lending, treasury and cash management services, and electronic banking.