GSA Capital Partners LLP Purchases New Shares in Community Financial System, Inc. $CBU

GSA Capital Partners LLP purchased a new stake in Community Financial System, Inc. (NYSE:CBU) during the 4th quarter, HoldingsChannel reports. The firm purchased 14,751 shares of the bank’s stock, valued at approximately $847,000.

Several other large investors have also added to or reduced their stakes in the stock. Lawood & Co. bought a new stake in Community Financial System in the fourth quarter valued at $235,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Community Financial System by 10,989.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 200,049 shares of the bank’s stock valued at $11,491,000 after acquiring an additional 198,245 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in Community Financial System in the fourth quarter valued at $249,000. Truist Financial Corp boosted its holdings in Community Financial System by 1.8% in the fourth quarter. Truist Financial Corp now owns 12,205 shares of the bank’s stock valued at $701,000 after acquiring an additional 215 shares in the last quarter. Finally, Benjamin Edwards Inc. boosted its holdings in Community Financial System by 11.5% in the fourth quarter. Benjamin Edwards Inc. now owns 8,515 shares of the bank’s stock valued at $489,000 after acquiring an additional 876 shares in the last quarter. Institutional investors own 73.79% of the company’s stock.

Community Financial System Stock Performance

Shares of Community Financial System stock opened at $63.44 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $3.33 billion, a P/E ratio of 15.40 and a beta of 0.78. The business has a fifty day simple moving average of $60.88 and a two-hundred day simple moving average of $60.51. Community Financial System, Inc. has a 12 month low of $51.12 and a 12 month high of $67.50.

Community Financial System (NYSE:CBU) last posted its quarterly earnings results on Wednesday, April 29th. The bank reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.05. The firm had revenue of $213.69 million during the quarter, compared to analyst estimates of $216.36 million. Community Financial System had a return on equity of 11.24% and a net margin of 21.26%.Community Financial System’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.98 EPS. On average, equities analysts forecast that Community Financial System, Inc. will post 4.74 earnings per share for the current fiscal year.

Community Financial System Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Monday, June 15th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, June 15th. Community Financial System’s payout ratio is currently 45.63%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Piper Sandler lifted their price target on shares of Community Financial System from $62.00 to $66.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. DA Davidson initiated coverage on Community Financial System in a research report on Wednesday, February 25th. They set a “neutral” rating and a $72.00 price objective for the company. Wall Street Zen raised Community Financial System from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. Raymond James Financial reissued a “strong-buy” rating and set a $75.00 price objective on shares of Community Financial System in a research report on Thursday, April 30th. Finally, Weiss Ratings raised Community Financial System from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $69.75.

About Community Financial System

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.