Mark Bolus Sells 12,191 Shares of Community Financial System (NYSE:CBU) Stock

Community Financial System, Inc. (NYSE:CBU) Director Mark Bolus sold 12,191 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $67.00, for a total value of $816,797.00. Following the transaction, the director directly owned 94,060 shares in the company, valued at approximately $6,302,020. This trade represents a 11.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Community Financial System Price Performance

NYSE:CBU opened at $67.12 on Wednesday. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.22. The stock’s 50 day moving average price is $63.66 and its two-hundred day moving average price is $61.92. The firm has a market capitalization of $3.53 billion, a price-to-earnings ratio of 16.29 and a beta of 0.78. Community Financial System, Inc. has a 12-month low of $51.12 and a 12-month high of $68.58.

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

Community Financial System Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 15th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Monday, June 15th. Community Financial System’s payout ratio is 45.63%.

Wall Street Analyst Weigh In

CBU has been the subject of a number of research reports. Piper Sandler raised their target price on shares of Community Financial System from $62.00 to $66.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Weiss Ratings lowered shares of Community Financial System from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, June 17th. Wall Street Zen raised shares of Community Financial System from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. Finally, Raymond James Financial restated 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. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Community Financial System has a consensus rating of “Moderate Buy” and an average target price of $69.75.

Institutional Trading of Community Financial System

Several hedge funds and other institutional investors have recently bought and sold shares of CBU. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Community Financial System by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,141 shares of the bank’s stock worth $1,771,000 after purchasing an additional 1,362 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Community Financial System by 7.9% in the first quarter. Goldman Sachs Group Inc. now owns 550,613 shares of the bank’s stock valued at $31,308,000 after buying an additional 40,384 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Community Financial System by 6.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 136,619 shares of the bank’s stock valued at $7,768,000 after buying an additional 8,182 shares during the period. Jane Street Group LLC boosted its stake in shares of Community Financial System by 523.4% in the first quarter. Jane Street Group LLC now owns 145,719 shares of the bank’s stock valued at $8,286,000 after buying an additional 122,343 shares during the period. Finally, Intech Investment Management LLC grew its position in Community Financial System by 37.5% during the first quarter. Intech Investment Management LLC now owns 25,846 shares of the bank’s stock worth $1,470,000 after buying an additional 7,052 shares in the last quarter. Institutional investors and hedge funds own 73.79% of the company’s stock.

Community Financial System Company Profile

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.