Stone House Investment Management LLC Makes New $205,000 Investment in Community Financial System, Inc. (NYSE:CBU)

Stone House Investment Management LLC purchased a new position in shares of Community Financial System, Inc. (NYSE:CBU) in the first quarter, according to its most recent filing with the SEC. The firm purchased 3,598 shares of the bank’s stock, valued at approximately $205,000.

Other large investors have also recently bought and sold shares of the company. Aquatic Capital Management LLC acquired a new stake in Community Financial System during the 4th quarter worth about $125,000. KBC Group NV grew its stake in shares of Community Financial System by 19.8% in the 1st quarter. KBC Group NV now owns 2,798 shares of the bank’s stock valued at $159,000 after buying an additional 463 shares during the period. Mackenzie Financial Corp acquired a new stake in shares of Community Financial System in the 4th quarter valued at about $204,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Community Financial System in the 4th quarter valued at about $205,000. Finally, MQS Management LLC acquired a new stake in shares of Community Financial System in the 1st quarter valued at about $205,000. 73.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Keefe, Bruyette & Woods reduced their target price on Community Financial System from $69.00 to $67.00 and set a “market perform” rating for the company in a research note on Wednesday, July 23rd. Wall Street Zen downgraded Community Financial System from a “hold” rating to a “sell” rating in a research note on Saturday, August 2nd.

Community Financial System Stock Performance

Shares of CBU opened at $56.47 on Tuesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a 50-day moving average of $56.15 and a 200-day moving average of $57.66. The company has a market cap of $2.98 billion, a PE ratio of 15.39 and a beta of 0.80. Community Financial System, Inc. has a one year low of $49.44 and a one year high of $73.39.

Community Financial System (NYSE:CBU) last released its quarterly earnings results on Tuesday, July 22nd. The bank reported $0.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.06). The company had revenue of $199.30 million for the quarter, compared to analyst estimates of $201.93 million. Community Financial System had a net margin of 19.91% and a return on equity of 10.71%. Community Financial System’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.95 EPS. On average, equities research analysts predict that Community Financial System, Inc. will post 4.18 EPS for the current fiscal year.

Community Financial System Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 12th will be paid a dividend of $0.47 per share. This is an increase from Community Financial System’s previous quarterly dividend of $0.46. The ex-dividend date is Friday, September 12th. This represents a $1.88 dividend on an annualized basis and a yield of 3.3%. Community Financial System’s dividend payout ratio (DPR) is presently 50.14%.

About Community Financial System

Community Bank System, Inc operates as the bank holding company for Community Bank, N.A. that provides various banking and other financial services to retail, commercial, institutional, and municipal customers. It operates through three segments: Banking, Employee Benefit Services, and All Other. The company offers various deposits products, such as interest and noninterest -bearing checking, savings, and money market deposit accounts, as well as time deposits.