Centiva Capital LP Has $341,000 Stake in Community Bank System, Inc. (NYSE:CBU)

Centiva Capital LP decreased its stake in Community Bank System, Inc. (NYSE:CBU) by 43.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,526 shares of the bank’s stock after selling 4,303 shares during the period. Centiva Capital LP’s holdings in Community Bank System were worth $341,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC raised its position in shares of Community Bank System by 99.0% during the third quarter. Barclays PLC now owns 109,647 shares of the bank’s stock worth $6,367,000 after purchasing an additional 54,554 shares during the period. Principal Financial Group Inc. raised its position in shares of Community Bank System by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 254,869 shares of the bank’s stock worth $15,720,000 after purchasing an additional 7,160 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Community Bank System during the fourth quarter worth about $687,000. Sei Investments Co. raised its position in shares of Community Bank System by 264.8% during the fourth quarter. Sei Investments Co. now owns 33,239 shares of the bank’s stock worth $2,050,000 after purchasing an additional 24,127 shares during the period. Finally, Norges Bank acquired a new stake in shares of Community Bank System during the fourth quarter worth about $34,779,000. Institutional investors and hedge funds own 73.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. StockNews.com downgraded Community Bank System from a “hold” rating to a “sell” rating in a report on Thursday. Keefe, Bruyette & Woods increased their price objective on Community Bank System from $74.00 to $76.00 and gave the stock a “market perform” rating in a report on Wednesday, January 22nd.

Community Bank System Stock Down 0.6%

CBU stock opened at $56.46 on Monday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.42. Community Bank System, Inc. has a twelve month low of $42.16 and a twelve month high of $73.39. The business has a 50 day moving average price of $55.52 and a two-hundred day moving average price of $61.66. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 16.41 and a beta of 0.77.

Community Bank System (NYSE:CBU) last issued its earnings results on Tuesday, April 29th. The bank reported $0.93 EPS for the quarter, topping the consensus estimate of $0.91 by $0.02. Community Bank System had a return on equity of 10.94% and a net margin of 19.40%. The company had revenue of $196.20 million during the quarter, compared to the consensus estimate of $197.13 million. During the same period in the previous year, the company posted $1.18 EPS. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. Analysts anticipate that Community Bank System, Inc. will post 4.18 EPS for the current fiscal year.

Community Bank System Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Friday, June 13th will be issued a dividend of $0.46 per share. The ex-dividend date is Friday, June 13th. This represents a $1.84 annualized dividend and a yield of 3.26%. Community Bank System’s payout ratio is currently 50.97%.

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.