Community Bank System, Inc. (CBU) Director R Kallet Michael Sells 5,000 Shares of Stock

Community Bank System, Inc. (NYSE:CBU) Director R Kallet Michael sold 5,000 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 16,603 shares in the company, valued at approximately $872,487.65. The transaction was disclosed in a filing with the SEC, which is available at this link.

Community Bank System, Inc. (NYSE:CBU) opened at 52.36 on Wednesday. Community Bank System, Inc. has a 52 week low of $42.67 and a 52 week high of $63.04. The stock’s 50 day moving average price is $52.40 and its 200 day moving average price is $54.63. The firm has a market capitalization of $2.65 billion, a P/E ratio of 25.04 and a beta of 1.09.

Community Bank System (NYSE:CBU) last announced its earnings results on Monday, July 31st. The bank reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.13. Community Bank System had a return on equity of 9.04% and a net margin of 20.63%. The company had revenue of $129.26 million for the quarter, compared to the consensus estimate of $127.00 million. During the same period last year, the business posted $0.58 EPS. The company’s revenue was up 20.7% on a year-over-year basis. On average, equities analysts expect that Community Bank System, Inc. will post $2.57 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Friday, September 15th will be paid a $0.34 dividend. This is an increase from Community Bank System’s previous quarterly dividend of $0.32. This represents a $1.36 annualized dividend and a dividend yield of 2.60%. The ex-dividend date is Thursday, September 14th. Community Bank System’s dividend payout ratio (DPR) is 64.15%.

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Several institutional investors have recently bought and sold shares of the stock. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Community Bank System in the second quarter valued at approximately $426,000. Piedmont Investment Advisors LLC purchased a new stake in shares of Community Bank System in the second quarter valued at approximately $593,000. Ameritas Investment Partners Inc. boosted its stake in shares of Community Bank System by 15.9% in the second quarter. Ameritas Investment Partners Inc. now owns 4,311 shares of the bank’s stock valued at $240,000 after buying an additional 592 shares in the last quarter. California State Teachers Retirement System boosted its stake in shares of Community Bank System by 2.6% in the second quarter. California State Teachers Retirement System now owns 87,060 shares of the bank’s stock valued at $4,855,000 after buying an additional 2,246 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in shares of Community Bank System by 8.0% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 20,159 shares of the bank’s stock valued at $1,124,000 after buying an additional 1,488 shares in the last quarter. Hedge funds and other institutional investors own 68.98% of the company’s stock.

Several equities research analysts have commented on the company. Zacks Investment Research upgraded Community Bank System from a “hold” rating to a “strong-buy” rating and set a $58.00 price objective on the stock in a research report on Tuesday, September 12th. BidaskClub lowered Community Bank System from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Piper Jaffray Companies restated a “hold” rating and issued a $51.00 price objective on shares of Community Bank System in a research report on Thursday, August 3rd. Finally, Royal Bank Of Canada restated a “hold” rating on shares of Community Bank System in a research report on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a strong buy rating to the company’s stock. Community Bank System has a consensus rating of “Hold” and a consensus price target of $54.80.

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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