Ameritas Investment Partners Inc. maintained its position in Community Bank System, Inc. (NYSE:CBU) during the first quarter, Holdings Channel reports. The firm owned 3,719 shares of the bank’s stock at the end of the first quarter. Ameritas Investment Partners Inc.’s holdings in Community Bank System were worth $204,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Bank of Montreal Can raised its position in Community Bank System by 0.6% in the first quarter. Bank of Montreal Can now owns 4,182 shares of the bank’s stock valued at $230,000 after buying an additional 25 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its position in Community Bank System by 0.9% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,968 shares of the bank’s stock valued at $365,000 after buying an additional 54 shares during the period. IFC Holdings Incorporated FL raised its position in Community Bank System by 0.4% in the first quarter. IFC Holdings Incorporated FL now owns 16,487 shares of the bank’s stock valued at $907,000 after buying an additional 68 shares during the period. State of Alaska Department of Revenue raised its position in Community Bank System by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 4,920 shares of the bank’s stock valued at $270,000 after buying an additional 100 shares during the period. Finally, Louisiana State Employees Retirement System raised its position in Community Bank System by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 18,100 shares of the bank’s stock valued at $995,000 after buying an additional 300 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

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

Shares of Community Bank System, Inc. (CBU) opened at 57.05 on Friday. Community Bank System, Inc. has a 12-month low of $38.20 and a 12-month high of $63.04. The stock has a 50 day moving average of $55.86 and a 200 day moving average of $57.47. The company has a market cap of $2.62 billion, a price-to-earnings ratio of 24.39 and a beta of 1.07.

Community Bank System (NYSE:CBU) last announced its quarterly earnings results on Monday, April 24th. The bank reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.07. The firm had revenue of $111.60 million for the quarter, compared to analysts’ expectations of $109.43 million. Community Bank System had a net margin of 23.62% and a return on equity of 8.84%. The company’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS. Equities research analysts predict that Community Bank System, Inc. will post $2.45 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 10th. Stockholders of record on Thursday, June 15th will be given a dividend of $0.32 per share. The ex-dividend date is Tuesday, June 13th. This represents a $1.28 annualized dividend and a dividend yield of 2.24%. Community Bank System’s payout ratio is 54.47%.

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Several equities research analysts have recently issued reports on CBU shares. Royal Bank Of Canada raised their target price on shares of Community Bank System from $41.00 to $56.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 16th. DA Davidson started coverage on shares of Community Bank System in a report on Monday, March 6th. They issued a “neutral” rating and a $60.00 target price for the company. One analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $54.25.

In other news, Director Edward S. Mucenski sold 3,000 shares of the business’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $57.96, for a total transaction of $173,880.00. Following the transaction, the director now owns 3,186 shares of the company’s stock, valued at approximately $184,660.56. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 3.20% of the company’s stock.

About Community Bank System

Community Bank System, Inc is a bank holding company. The Company owns two subsidiaries: Community Bank, N.A. (CBNA or the Bank) and Benefit Plans Administrative Services, Inc (BPAS). It operates in three segments: banking, employee benefit services, and All Other. The Banking segment provides lending and depository-related products and services to individuals, businesses and municipal enterprises.

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