Cubist Systematic Strategies LLC acquired a new stake in Community Bank System, Inc. (NYSE:CBU) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 10,123 shares of the bank’s stock, valued at approximately $559,000.

A number of other institutional investors and hedge funds also recently modified their holdings of CBU. Empire Life Investments Inc. grew its position in Community Bank System by 17.9% in the 3rd quarter. Empire Life Investments Inc. now owns 7,541 shares of the bank’s stock valued at $417,000 after acquiring an additional 1,143 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Community Bank System by 1.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,896,653 shares of the bank’s stock valued at $104,789,000 after acquiring an additional 21,213 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in Community Bank System by 6.0% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 269,437 shares of the bank’s stock valued at $14,887,000 after acquiring an additional 15,264 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in Community Bank System in the 3rd quarter valued at about $1,212,000. Finally, Wells Fargo & Company MN grew its position in Community Bank System by 31.1% in the 3rd quarter. Wells Fargo & Company MN now owns 81,102 shares of the bank’s stock valued at $4,481,000 after acquiring an additional 19,258 shares in the last quarter. Hedge funds and other institutional investors own 69.19% of the company’s stock.

Community Bank System, Inc. (CBU) opened at $54.26 on Thursday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $2,760.00, a P/E ratio of 25.47, a P/E/G ratio of 2.05 and a beta of 1.07. Community Bank System, Inc. has a fifty-two week low of $48.89 and a fifty-two week high of $63.04.

Community Bank System (NYSE:CBU) last announced its quarterly earnings results on Monday, October 23rd. The bank reported $0.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.06. The firm had revenue of $137.30 million during the quarter, compared to the consensus estimate of $138.74 million. Community Bank System had a return on equity of 9.22% and a net margin of 21.00%. The firm’s quarterly revenue was up 26.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.61 earnings per share. equities analysts anticipate that Community Bank System, Inc. will post 2.66 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Friday, December 15th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date is Thursday, December 14th. Community Bank System’s dividend payout ratio (DPR) is 63.85%.

In other Community Bank System news, Director R Kallet Michael sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $56.38, for a total value of $422,850.00. Following the completion of the sale, the director now owns 4,103 shares in the company, valued at $231,327.14. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Brian D. Donahue sold 5,535 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $55.19, for a total value of $305,476.65. Following the completion of the sale, the executive vice president now owns 43,844 shares of the company’s stock, valued at approximately $2,419,750.36. The disclosure for this sale can be found here. Insiders sold 15,035 shares of company stock valued at $840,327 over the last ninety days. 3.20% of the stock is currently owned by corporate insiders.

A number of equities analysts have recently commented on the company. Zacks Investment Research downgraded Community Bank System from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. DA Davidson set a $55.00 price objective on Community Bank System and gave the stock a “hold” rating in a research report on Tuesday, October 24th. They noted that the move was a valuation call. Sandler O’Neill raised Community Bank System from a “sell” rating to a “hold” rating in a research report on Thursday, December 21st. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $54.00 price objective on shares of Community Bank System in a research report on Friday, October 13th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a strong buy rating to the stock. Community Bank System currently has an average rating of “Hold” and a consensus target price of $55.80.

COPYRIGHT VIOLATION NOTICE: This piece of content was posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this piece of content on another website, it was copied illegally and reposted in violation of U.S. and international trademark & copyright law. The correct version of this piece of content can be accessed at https://theolympiareport.com/2017/12/28/cubist-systematic-strategies-llc-takes-559000-position-in-community-bank-system-inc-cbu.html.

Community Bank System Profile

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.

Institutional Ownership by Quarter for Community Bank System (NYSE:CBU)

Receive News & Ratings for Community Bank System Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Community Bank System and related companies with MarketBeat.com's FREE daily email newsletter.