John Vaccaro Acquires 317 Shares of Community Financial System (NYSE:CBU) Stock

Community Financial System, Inc. (NYSE:CBU) Director John Vaccaro bought 317 shares of the business’s stock in a transaction on Thursday, August 27th. The stock was bought at an average price of $63.11 per share, with a total value of $20,005.87. Following the transaction, the director owned 492 shares in the company, valued at approximately $31,050.12. This represents a 181.14% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Community Financial System Trading Up 0.1%

NYSE CBU opened at $63.15 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.29. Community Financial System, Inc. has a 1-year low of $53.46 and a 1-year high of $71.11. The firm’s fifty day simple moving average is $65.93 and its 200-day simple moving average is $63.36. The company has a market capitalization of $3.32 billion, a PE ratio of 14.65 and a beta of 0.78.

Community Financial System (NYSE:CBU) last released its quarterly earnings data 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 net margin of 21.79% and a return on equity of 11.47%. 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 business posted $1.04 EPS. Community Financial System’s revenue for the quarter was up 12.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Community Financial System, Inc. will post 4.58 earnings per share for the current fiscal year.

Community Financial System Increases Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Wall Street Zen upgraded shares of Community Financial System from a “sell” rating to a “hold” rating in a research note on Monday, August 10th. Weiss Ratings upgraded Community Financial System from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 2nd. Piper Sandler raised their target price 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. Finally, Keefe, Bruyette & Woods lowered their price target on 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 equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Community Financial System has an average rating of “Moderate Buy” and a consensus price target of $71.50.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. IFP Advisors Inc grew its position in Community Financial System by 507.0% during the 4th quarter. IFP Advisors Inc now owns 522 shares of the bank’s stock worth $30,000 after acquiring an additional 436 shares during the last quarter. GAMMA Investing LLC raised 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 purchasing an additional 150 shares during the last quarter. Nykredit A S acquired a new position in Community Financial System in the second quarter worth $38,000. Public Employees Retirement System of Ohio acquired a new position in Community Financial System in the second quarter worth $44,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Community Financial System by 177.0% during the second quarter. EverSource Wealth Advisors LLC now owns 781 shares of the bank’s stock worth $44,000 after purchasing an additional 499 shares during the last quarter. Institutional investors own 73.79% of the company’s stock.

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.