Dimensional Fund Advisors LP Increases Holdings in Community Bank System, Inc. (NYSE:CBU)

Dimensional Fund Advisors LP boosted its stake in shares of Community Bank System, Inc. (NYSE:CBUFree Report) by 0.0% during the 4th quarter, HoldingsChannel reports. The fund owned 1,774,709 shares of the bank’s stock after purchasing an additional 522 shares during the period. Dimensional Fund Advisors LP’s holdings in Community Bank System were worth $109,466,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Versant Capital Management Inc boosted its holdings in shares of Community Bank System by 99.2% in the 4th quarter. Versant Capital Management Inc now owns 478 shares of the bank’s stock worth $29,000 after purchasing an additional 238 shares during the period. US Bancorp DE lifted its position in Community Bank System by 17.1% in the fourth quarter. US Bancorp DE now owns 1,081 shares of the bank’s stock worth $67,000 after buying an additional 158 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in Community Bank System by 140.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,203 shares of the bank’s stock worth $74,000 after buying an additional 702 shares during the period. Principal Securities Inc. increased its position in Community Bank System by 13.7% during the fourth quarter. Principal Securities Inc. now owns 1,774 shares of the bank’s stock valued at $109,000 after acquiring an additional 214 shares during the last quarter. Finally, Assetmark Inc. purchased a new stake in shares of Community Bank System in the fourth quarter valued at $127,000. 73.79% of the stock is currently owned by hedge funds and other institutional investors.

Community Bank System Price Performance

Shares of CBU stock opened at $55.13 on Monday. The stock has a 50 day moving average price of $57.00 and a 200 day moving average price of $61.96. Community Bank System, Inc. has a 52-week low of $42.16 and a 52-week high of $73.39. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.76 and a current ratio of 0.76. The firm has a market capitalization of $2.91 billion, a P/E ratio of 16.03 and a beta of 0.74.

Community Bank System Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date is Friday, June 13th. Community Bank System’s dividend payout ratio is currently 53.49%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods lifted their price target on shares of Community Bank System from $74.00 to $76.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 22nd.

View Our Latest Report on CBU

About Community Bank System

(Free Report)

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.

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

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