Community Bank System, Inc. (CBU) Director James A. Gabriel Sells 12,883 Shares of Stock

Community Bank System, Inc. (CBU) Director James A. Gabriel Sells 12,883 Shares of Stock

Community Bank System, Inc. (NYSE:CBU) Director James A. Gabriel sold 12,883 shares of the stock in a transaction that occurred on Thursday, January 26th. The shares were sold at an average price of $61.73, for a total value of $795,267.59. Following the transaction, the director now owns 90,463 shares of the company’s stock, valued at $5,584,280.99. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of Community Bank System, Inc. (NYSE:CBU) opened at 61.72 on Friday. The company has a 50-day moving average price of $60.40 and a 200-day moving average price of $50.84. Community Bank System, Inc. has a 12 month low of $34.70 and a 12 month high of $63.04. The company has a market capitalization of $2.74 billion, a P/E ratio of 26.60 and a beta of 1.02.

Community Bank System (NYSE:CBU) last posted its quarterly earnings data on Monday, January 23rd. The company reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.01. The business earned $109.20 million during the quarter, compared to analysts’ expectations of $108.41 million. Community Bank System had a return on equity of 8.60% and a net margin of 23.53%. The business’s revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.47 earnings per share. On average, analysts forecast that Community Bank System, Inc. will post $2.44 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 10th. Stockholders of record on Thursday, December 15th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date was Tuesday, December 13th. Community Bank System’s dividend payout ratio (DPR) is presently 54.94%.

Several hedge funds have recently bought and sold shares of the stock. Public Employees Retirement Association of Colorado boosted its stake in Community Bank System by 90.6% in the second quarter. Public Employees Retirement Association of Colorado now owns 423,867 shares of the company’s stock worth $17,417,000 after buying an additional 201,500 shares during the period. BlackRock Fund Advisors boosted its stake in shares of Community Bank System by 8.4% in the third quarter. BlackRock Fund Advisors now owns 3,039,914 shares of the company’s stock valued at $146,250,000 after buying an additional 235,459 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Community Bank System by 2.1% in the third quarter. Bank of New York Mellon Corp now owns 617,619 shares of the company’s stock valued at $29,714,000 after buying an additional 12,736 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Community Bank System by 44.5% in the second quarter. Teacher Retirement System of Texas now owns 18,454 shares of the company’s stock valued at $758,000 after buying an additional 5,685 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Community Bank System by 18.3% in the third quarter. Wells Fargo & Company MN now owns 42,398 shares of the company’s stock valued at $2,040,000 after buying an additional 6,563 shares during the last quarter. Institutional investors and hedge funds own 66.32% of the company’s stock.

A number of brokerages recently issued reports on CBU. Hovde Group raised their price target on Community Bank System from $43.00 to $49.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 25th. Zacks Investment Research downgraded Community Bank System from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 19th. Finally, Sandler O’Neill downgraded Community Bank System from a “hold” rating to a “sell” rating in a research report on Thursday, January 12th.

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.

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