Dimensional Fund Advisors LP Grows Holdings in Community Bank System, Inc. (CBU)

Dimensional Fund Advisors LP raised its holdings in shares of Community Bank System, Inc. (NYSE:CBU) by 0.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,956,626 shares of the bank’s stock after purchasing an additional 14,872 shares during the period. Dimensional Fund Advisors LP’s holdings in Community Bank System were worth $114,071,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. lifted its position in Community Bank System by 1.6% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 10,891 shares of the bank’s stock valued at $635,000 after purchasing an additional 173 shares during the period. Empire Life Investments Inc. lifted its position in Community Bank System by 3.1% during the 4th quarter. Empire Life Investments Inc. now owns 8,263 shares of the bank’s stock valued at $482,000 after purchasing an additional 252 shares during the period. PNC Financial Services Group Inc. lifted its position in Community Bank System by 1.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 26,564 shares of the bank’s stock valued at $1,548,000 after purchasing an additional 264 shares during the period. Comerica Bank lifted its position in Community Bank System by 0.6% during the 4th quarter. Comerica Bank now owns 50,390 shares of the bank’s stock valued at $3,046,000 after purchasing an additional 313 shares during the period. Finally, State of Alaska Department of Revenue lifted its position in Community Bank System by 2.0% during the 4th quarter. State of Alaska Department of Revenue now owns 17,120 shares of the bank’s stock valued at $998,000 after purchasing an additional 330 shares during the period. Institutional investors own 71.39% of the company’s stock.

Shares of CBU stock opened at $65.08 on Wednesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a market capitalization of $3.38 billion, a PE ratio of 19.31, a P/E/G ratio of 2.51 and a beta of 0.96. Community Bank System, Inc. has a one year low of $54.46 and a one year high of $67.79.

Community Bank System (NYSE:CBU) last announced its quarterly earnings results on Monday, April 22nd. The bank reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.05. The company had revenue of $142.60 million during the quarter, compared to analysts’ expectations of $142.48 million. Community Bank System had a return on equity of 10.49% and a net margin of 28.93%. Community Bank System’s revenue was up .3% on a year-over-year basis. During the same period in the prior year, the business posted $0.78 EPS. As a group, sell-side analysts expect that Community Bank System, Inc. will post 3.27 earnings per share for the current fiscal year.

CBU has been the topic of a number of research reports. Boenning Scattergood restated a “hold” rating on shares of Community Bank System in a research report on Wednesday, January 23rd. Zacks Investment Research upgraded shares of Community Bank System from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a research report on Friday, January 25th. ValuEngine downgraded shares of Community Bank System from a “buy” rating to a “hold” rating in a research report on Tuesday, March 5th. Finally, Stephens started coverage on shares of Community Bank System in a research report on Tuesday, April 9th. They set an “equal weight” rating and a $63.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $68.50.

In other news, Director R Kallet Michael sold 6,725 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $62.49, for a total value of $420,245.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.15% of the company’s stock.

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About Community Bank System

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, and municipal customers. It operates through three segments: Banking, Employee Benefit Services, and All Other. The company offers various deposits products, such as checking, savings, and money market accounts, as well as time deposits.

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

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