Swiss National Bank grew its position in shares of Community Bank System, Inc. (NYSE:CBU) by 2.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,400 shares of the bank’s stock after purchasing an additional 2,100 shares during the period. Swiss National Bank owned approximately 0.19% of Community Bank System worth $6,281,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of CBU. Ellis Investment Partners LLC purchased a new position in Community Bank System in the first quarter worth about $58,000. Geode Capital Management LLC grew its position in Community Bank System by 10.9% in the fourth quarter. Geode Capital Management LLC now owns 554,374 shares of the bank’s stock worth $32,320,000 after acquiring an additional 54,515 shares in the last quarter. Public Employees Retirement Association of Colorado grew its position in Community Bank System by 12.2% in the second quarter. Public Employees Retirement Association of Colorado now owns 448,120 shares of the bank’s stock worth $29,504,000 after acquiring an additional 48,741 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its position in Community Bank System by 128.5% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 54,200 shares of the bank’s stock worth $3,569,000 after acquiring an additional 30,475 shares in the last quarter. Finally, Champlain Investment Partners LLC grew its position in Community Bank System by 2.6% in the first quarter. Champlain Investment Partners LLC now owns 806,220 shares of the bank’s stock worth $48,188,000 after acquiring an additional 20,570 shares in the last quarter. Hedge funds and other institutional investors own 71.61% of the company’s stock.
CBU has been the subject of several recent research reports. Zacks Investment Research upgraded Community Bank System from a “sell” rating to a “hold” rating in a research report on Wednesday, August 21st. ValuEngine lowered Community Bank System from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st.
Shares of NYSE CBU opened at $59.51 on Wednesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market cap of $3.09 billion, a P/E ratio of 17.66, a PEG ratio of 2.32 and a beta of 0.98. Community Bank System, Inc. has a 1 year low of $54.46 and a 1 year high of $67.79. The firm has a 50-day simple moving average of $63.20 and a two-hundred day simple moving average of $63.36.
Community Bank System (NYSE:CBU) last announced its quarterly earnings data on Monday, July 22nd. The bank reported $0.80 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.80. The business had revenue of $149.00 million during the quarter, compared to the consensus estimate of $144.08 million. Community Bank System had a net margin of 28.64% and a return on equity of 10.10%. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.86 earnings per share. As a group, equities research analysts expect that Community Bank System, Inc. will post 3.24 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 10th. Shareholders of record on Monday, September 16th will be paid a $0.41 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.64 annualized dividend and a yield of 2.76%. This is an increase from Community Bank System’s previous quarterly dividend of $0.38. Community Bank System’s dividend payout ratio (DPR) is presently 45.10%.
Community Bank System Company Profile
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, and municipal customers. It operates through three segments: Banking, Employee Benefit Services, and All Other. The company offers various deposits products, such as checking, savings, and money market accounts, as well as time deposits.
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