Community Bank System, Inc. (NYSE:CBU) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC lifted its stake in shares of Community Bank System, Inc. (NYSE:CBU) by 22.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,260 shares of the bank’s stock after purchasing an additional 2,226 shares during the quarter. Natixis Advisors LLC’s holdings in Community Bank System were worth $579,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in CBU. Norges Bank acquired a new stake in Community Bank System in the 4th quarter valued at about $30,870,000. Hsbc Holdings PLC purchased a new position in Community Bank System in the 4th quarter valued at about $14,612,000. Public Employees Retirement Association of Colorado lifted its holdings in shares of Community Bank System by 140.7% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 386,069 shares of the bank’s stock worth $20,118,000 after acquiring an additional 225,685 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Community Bank System by 152.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 182,397 shares of the bank’s stock worth $8,611,000 after acquiring an additional 110,288 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Community Bank System by 15.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 814,362 shares of the bank’s stock worth $42,436,000 after acquiring an additional 107,285 shares during the period. 73.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CBU has been the subject of a number of research analyst reports. Raymond James downgraded shares of Community Bank System from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 24th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $59.00 target price on shares of Community Bank System in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $50.50.

Community Bank System Price Performance

Shares of NYSE CBU opened at $56.59 on Friday. The firm’s 50-day simple moving average is $57.58 and its 200 day simple moving average is $49.68. The stock has a market cap of $2.99 billion, a P/E ratio of 17.66 and a beta of 0.64. Community Bank System, Inc. has a fifty-two week low of $35.38 and a fifty-two week high of $63.95. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.43.

Community Bank System (NYSE:CBU) last issued its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.14. The firm had revenue of $183.80 million for the quarter, compared to analysts’ expectations of $180.05 million. Community Bank System had a return on equity of 8.94% and a net margin of 15.90%. Community Bank System’s revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the business posted $0.91 EPS. Equities analysts expect that Community Bank System, Inc. will post 3.34 EPS for the current year.

Community Bank System Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Friday, September 13th will be issued a $0.46 dividend. This is an increase from Community Bank System’s previous quarterly dividend of $0.45. The ex-dividend date is Friday, September 13th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.25%. Community Bank System’s dividend payout ratio is currently 57.86%.

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, 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.