Tudor Investment Corp ET AL Buys New Position in Community Bank System, Inc. (NYSE:CBU)

Tudor Investment Corp ET AL purchased a new position in shares of Community Bank System, Inc. (NYSE:CBU) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 33,072 shares of the bank’s stock, valued at approximately $2,040,000.

A number of other institutional investors also recently made changes to their positions in CBU. Versant Capital Management Inc increased its stake in shares of Community Bank System by 99.2% during the fourth quarter. Versant Capital Management Inc now owns 478 shares of the bank’s stock valued at $29,000 after acquiring an additional 238 shares during the period. US Bancorp DE increased its position in shares of Community Bank System by 17.1% during the 4th quarter. US Bancorp DE now owns 1,081 shares of the bank’s stock valued at $67,000 after purchasing an additional 158 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of Community Bank System by 140.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,203 shares of the bank’s stock worth $74,000 after buying an additional 702 shares in the last quarter. Principal Securities Inc. lifted its holdings in shares of Community Bank System by 13.7% in the fourth quarter. Principal Securities Inc. now owns 1,774 shares of the bank’s stock valued at $109,000 after buying an additional 214 shares during the period. Finally, Aquatic Capital Management LLC bought a new position in Community Bank System during the fourth quarter valued at about $125,000. 73.79% of the stock is owned by institutional investors and hedge funds.

Community Bank System Trading Up 3.4 %

NYSE:CBU opened at $56.95 on Monday. The stock has a fifty day simple moving average of $56.18 and a 200 day simple moving average of $61.75. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of 16.56 and a beta of 0.74. Community Bank System, Inc. has a 1-year low of $42.16 and a 1-year high of $73.39.

Community Bank System (NYSE:CBU) last released its earnings results on Tuesday, April 29th. The bank reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.02. The business had revenue of $196.20 million for the quarter, compared to the consensus estimate of $197.13 million. Community Bank System had a net margin of 19.40% and a return on equity of 10.94%. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period last year, the firm posted $1.18 earnings per share. Sell-side analysts forecast that Community Bank System, Inc. will post 4.18 earnings per share for the current year.

Community Bank System Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Friday, June 13th will be issued a $0.46 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.23%. Community Bank System’s payout ratio is currently 50.97%.

Wall Street Analysts Forecast Growth

CBU has been the topic of several research reports. Keefe, Bruyette & Woods boosted 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 report on Wednesday, January 22nd. StockNews.com raised shares of Community Bank System from a “sell” rating to a “hold” rating in a research note on Wednesday, April 30th.

Community Bank System 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.