Community Bank System, Inc. (NYSE:CBU) Director Edward S. Mucenski sold 3,000 shares of Community Bank System stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $57.96, for a total transaction of $173,880.00. Following the completion of the transaction, the director now owns 3,186 shares of the company’s stock, valued at approximately $184,660.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Community Bank System (NYSE:CBU) last released its quarterly earnings results on Monday, April 24th. The bank reported $0.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.07. The firm had revenue of $111.60 million for the quarter, compared to analysts’ expectations of $109.43 million. Community Bank System had a net margin of 23.62% and a return on equity of 8.84%. The business’s revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.55 EPS.

Insider Buying and Selling by Quarter for Community Bank System (NYSE:CBU)

The business also recently declared a quarterly dividend, which will be paid on Monday, July 10th. Shareholders of record on Thursday, June 15th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Tuesday, June 13th. This represents a $1.28 annualized dividend and a yield of 2.21%. Community Bank System’s dividend payout ratio is currently 54.47%.

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A number of research analysts have recently issued reports on CBU shares. DA Davidson started coverage on shares of Community Bank System in a research note on Monday, March 6th. They issued a “neutral” rating and a $60.00 target price for the company. Royal Bank Of Canada lifted their target price on shares of Community Bank System from $41.00 to $56.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 16th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Community Bank System has a consensus rating of “Hold” and a consensus price target of $54.25.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Community Bank System by 62.5% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,906 shares of the bank’s stock valued at $105,000 after buying an additional 733 shares in the last quarter. Meadow Creek Investment Management LLC bought a new position in Community Bank System during the first quarter valued at $126,000. Glen Harbor Capital Management LLC bought a new position in Community Bank System during the first quarter valued at $153,000. Victory Capital Management Inc. boosted its position in Community Bank System by 2.8% in the first quarter. Victory Capital Management Inc. now owns 2,977 shares of the bank’s stock valued at $164,000 after buying an additional 81 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new position in Community Bank System during the fourth quarter valued at $203,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

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.

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