Basswood Capital Management L.L.C. Makes New Investment in Community Financial System, Inc. $CBU

Posted by Brenda Bartman on Aug 27th, 2026

Basswood Capital Management L.L.C. purchased a new stake in Community Financial System, Inc. (NYSE:CBU – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 321,017 shares of the bank’s stock, valued at approximately $21,547,000.

A number of other hedge funds also recently made changes to their positions in CBU. IFP Advisors Inc boosted its position in shares of Community Financial System by 507.0% during the fourth quarter. IFP Advisors Inc now owns 522 shares of the bank’s stock worth $30,000 after buying an additional 436 shares during the period. GAMMA Investing LLC increased its position in Community Financial System by 38.4% in the 2nd quarter. GAMMA Investing LLC now owns 541 shares of the bank’s stock valued at $36,000 after acquiring an additional 150 shares during the period. EverSource Wealth Advisors LLC increased its position in Community Financial System by 177.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 781 shares of the bank’s stock valued at $44,000 after acquiring an additional 499 shares during the period. Strs Ohio bought a new stake in Community Financial System during the 1st quarter valued at $102,000. Finally, Manning & Napier Advisors LLC bought a new stake in Community Financial System during the 2nd quarter valued at $116,000. Institutional investors own 73.79% of the company’s stock.

Insider Transactions at Community Financial System

In related news, Director Eric Stickels sold 2,000 shares of the stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $63.98, for a total transaction of $127,960.00. Following the completion of the sale, the director directly owned 31,592 shares of the company’s stock, valued at $2,021,256.16. This represents a 5.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brenda M. Hall bought 476 shares of Community Financial System stock in a transaction that occurred on Monday, August 24th. The shares were acquired at an average price of $63.59 per share, with a total value of $30,268.84. Following the completion of the acquisition, the director directly owned 515 shares of the company’s stock, valued at $32,748.85. This represents a 1,220.51% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 1.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Piper Sandler boosted their price target on Community Financial System from $66.00 to $71.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Weiss Ratings raised Community Financial System from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, July 2nd. Wall Street Zen raised shares of Community Financial System from a “sell” rating to a “hold” rating in a report on Monday, August 10th. Raymond James Financial reiterated a “strong-buy” rating and issued a $75.00 target price on shares of Community Financial System in a research report on Thursday, April 30th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Community Financial System from $70.00 to $68.00 and set a “market perform” rating on the stock in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $71.50.

Read Our Latest Stock Report on CBU

Community Financial System Trading Up 0.4%

Shares of Community Financial System stock opened at $63.16 on Thursday. The business has a fifty day simple moving average of $65.89 and a 200-day simple moving average of $63.38. Community Financial System, Inc. has a fifty-two week low of $53.46 and a fifty-two week high of $71.11. The firm has a market cap of $3.32 billion, a price-to-earnings ratio of 14.65 and a beta of 0.78. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.29.

Community Financial System (NYSE:CBU – Get Free Report) last released its earnings results on Tuesday, July 28th. The bank reported $1.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.02). Community Financial System had a return on equity of 11.47% and a net margin of 21.79%.The firm had revenue of $218.45 million for the quarter, compared to analyst estimates of $221.77 million. During the same period in the previous year, the firm earned $1.04 earnings per share. Community Financial System’s revenue was up 12.0% on a year-over-year basis. On average, equities analysts forecast that Community Financial System, Inc. will post 4.58 EPS for the current fiscal year.

Community Financial System Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 13th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.49 per share. This is a positive change from Community Financial System’s previous quarterly dividend of $0.47. The ex-dividend date is Tuesday, September 15th. This represents a $1.96 annualized dividend and a dividend yield of 3.1%. Community Financial System’s payout ratio is 43.62%.

Community Financial System Company Profile

(Free Report)

Community Financial System (NYSE: CBU) is the bank holding company for Community Bank, National Association, a full-service commercial bank headquartered in DeWitt, New York. Through its principal subsidiary, the company offers a range of banking and financial services designed to meet the needs of both consumer and business clients. Its organizational structure centers on community-based banking operations supported by centralized technology, risk management and administrative functions.

The company’s product offerings include deposit accounts, residential and commercial mortgage loans, commercial and consumer lending, treasury and cash management services, and electronic banking.