Community Bank System, Inc. (NYSE:CBU) Director R Kallet Michael sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $66.62, for a total transaction of $99,930.00. Following the transaction, the director now owns 51,409 shares of the company’s stock, valued at approximately $3,424,867.58. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Community Bank System stock traded up $0.60 during mid-day trading on Wednesday, hitting $67.46. 203,628 shares of the stock were exchanged, compared to its average volume of 194,990. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.05. Community Bank System, Inc. has a 12 month low of $54.46 and a 12 month high of $69.50. The firm’s fifty day simple moving average is $67.14 and its two-hundred day simple moving average is $64.25. The stock has a market capitalization of $3.51 billion, a price-to-earnings ratio of 20.02 and a beta of 1.00.
Community Bank System (NYSE:CBU) last released its quarterly earnings results on Monday, October 21st. The bank reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.03. Community Bank System had a net margin of 27.57% and a return on equity of 9.86%. The firm had revenue of $148.40 million during the quarter, compared to analyst estimates of $150.53 million. During the same quarter last year, the business earned $0.81 EPS. The company’s revenue was up 4.5% compared to the same quarter last year. As a group, analysts forecast that Community Bank System, Inc. will post 3.24 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 13th will be paid a $0.41 dividend. The ex-dividend date is Thursday, December 12th. This represents a $1.64 annualized dividend and a dividend yield of 2.43%. Community Bank System’s dividend payout ratio is currently 48.66%.
Separately, Zacks Investment Research upgraded shares of Community Bank System from a “sell” rating to a “hold” rating in a report on Tuesday, October 22nd.
Large investors have recently added to or reduced their stakes in the company. Point72 Asset Management L.P. bought a new stake in shares of Community Bank System in the 2nd quarter valued at $59,000. Krane Funds Advisors LLC acquired a new stake in Community Bank System in the 2nd quarter valued at $60,000. Tower Research Capital LLC TRC acquired a new stake in Community Bank System in the 3rd quarter valued at $86,000. Virtu Financial LLC acquired a new stake in Community Bank System in the 3rd quarter valued at $210,000. Finally, Cubist Systematic Strategies LLC purchased a new position in Community Bank System during the 2nd quarter worth $222,000. Institutional investors own 70.97% of the company’s stock.
About Community Bank 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, 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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