Community Bank System, Inc. (CBU) Holdings Increased by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. raised its holdings in shares of Community Bank System, Inc. (NYSE:CBU) by 65.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,869 shares of the bank’s stock after purchasing an additional 3,909 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Community Bank System were worth $545,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. LS Investment Advisors LLC boosted its stake in Community Bank System by 8.2% during the 2nd quarter. LS Investment Advisors LLC now owns 1,814 shares of the bank’s stock valued at $101,000 after purchasing an additional 137 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Community Bank System by 9.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,080 shares of the bank’s stock valued at $116,000 after purchasing an additional 174 shares during the last quarter. Pacad Investment Ltd. purchased a new stake in Community Bank System during the 2nd quarter valued at $139,000. Riverhead Capital Management LLC boosted its stake in Community Bank System by 104.4% during the 2nd 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 during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Community Bank System by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 3,501 shares of the bank’s stock valued at $195,000 after purchasing an additional 524 shares during the last quarter. Institutional investors and hedge funds own 68.69% of the company’s stock.

In related news, Director Brian R. Ace sold 5,457 shares of the firm’s stock in a transaction on Tuesday, September 26th. The stock was sold at an average price of $53.35, for a total value of $291,130.95. Following the transaction, the director now directly owns 55,647 shares of the company’s stock, valued at approximately $2,968,767.45. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director R Kallet Michael sold 5,000 shares of the firm’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $52.55, for a total value of $262,750.00. Following the completion of the transaction, the director now directly owns 16,603 shares in the company, valued at $872,487.65. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,457 shares of company stock worth $1,085,081. 3.20% of the stock is owned by insiders.

A number of equities analysts have recently issued reports on CBU shares. Zacks Investment Research upgraded Community Bank System from a “hold” rating to a “strong-buy” rating and set a $58.00 price target on the stock in a research note on Tuesday, September 12th. BidaskClub upgraded Community Bank System from a “strong sell” rating to a “sell” rating in a research note on Friday, August 4th. Royal Bank Of Canada restated a “hold” rating on shares of Community Bank System in a research note on Wednesday, August 2nd. Piper Jaffray Companies restated a “hold” rating and issued a $51.00 price target on shares of Community Bank System in a research note on Thursday, August 3rd. Finally, DA Davidson set a $55.00 price target 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. Two research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Community Bank System currently has an average rating of “Hold” and a consensus price target of $55.20.

Community Bank System, Inc. (NYSE:CBU) traded down $0.18 during mid-day trading on Monday, hitting $53.23. The stock had a trading volume of 70,400 shares, compared to its average volume of 262,615. The stock has a market cap of $2,693.92, a P/E ratio of 19.64, a P/E/G ratio of 2.04 and a beta of 1.09. Community Bank System, Inc. has a 52-week low of $48.89 and a 52-week high of $63.04. 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 (NYSE:CBU) last released its quarterly earnings results on Monday, October 23rd. The bank reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.06. The firm had revenue of $137.30 million for the quarter, compared to the consensus estimate 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 for the quarter was up 26.7% on a year-over-year basis. During the same period last year, the business posted $0.61 EPS. sell-side analysts expect that Community Bank System, Inc. will post 2.61 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Friday, December 15th will be issued a $0.34 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.36 dividend on an annualized basis and a yield of 2.55%. Community Bank System’s dividend payout ratio is currently 62.10%.

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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.

Institutional Ownership by Quarter for Community Bank System (NYSE:CBU)

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