Community Bank System, Inc. (NYSE:CBU) Director Nicholas A. Dicerbo sold 2,000 shares of the stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $56.00, for a total value of $112,000.00. Following the transaction, the director now directly owns 184,622 shares of the company’s stock, valued at $10,338,832. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Community Bank System, Inc. (NYSE:CBU) traded down $0.89 on Monday, hitting $53.97. The stock had a trading volume of 255,800 shares, compared to its average volume of 261,360. The company has a market cap of $2,730.00, a price-to-earnings ratio of 19.92, a PEG ratio of 2.07 and a beta of 1.07. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.08. Community Bank System, Inc. has a 1-year low of $48.89 and a 1-year high of $63.04.

Community Bank System (NYSE:CBU) last released its quarterly earnings data on Monday, October 23rd. The bank reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.06. The business had revenue of $137.30 million during the quarter, compared to analyst estimates of $138.74 million. Community Bank System had a return on equity of 9.22% and a net margin of 21.00%. The company’s revenue was up 26.7% compared to the same quarter last year. During the same period last year, the company posted $0.61 EPS. equities research analysts expect that Community Bank System, Inc. will post 2.61 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Friday, December 15th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend is Thursday, December 14th. Community Bank System’s dividend payout ratio is presently 63.85%.

A number of brokerages have issued reports on CBU. Zacks Investment Research lowered Community Bank System from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 2nd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $54.00 price target on shares of Community Bank System in a research note on Friday, October 13th. DA Davidson set a $55.00 price objective on Community Bank System and gave the stock a “hold” rating in a research note on Tuesday, October 24th. They noted that the move was a valuation call. Finally, BidaskClub lowered Community Bank System from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Community Bank System has an average rating of “Hold” and a consensus price target of $55.20.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CBU. LS Investment Advisors LLC boosted its stake in shares of Community Bank System by 8.2% during the 2nd quarter. LS Investment Advisors LLC now owns 1,814 shares of the bank’s stock worth $101,000 after acquiring an additional 137 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Community Bank System by 9.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,080 shares of the bank’s stock worth $116,000 after acquiring an additional 174 shares in the last quarter. Pacad Investment Ltd. purchased a new stake in shares of Community Bank System in the second quarter valued at $139,000. SG Americas Securities LLC purchased a new stake in shares of Community Bank System in the third quarter valued at $151,000. Finally, Riverhead Capital Management LLC lifted its holdings in shares of Community Bank System by 104.4% in the second quarter. Riverhead Capital Management LLC now owns 2,862 shares of the bank’s stock valued at $160,000 after purchasing an additional 1,462 shares in the last quarter. 69.21% of the stock is owned by institutional investors and hedge funds.

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About Community Bank System

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.

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

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