Level Four Advisory Services LLC Grows Stock Holdings in Community Financial System, Inc. $CBU

by · The Cerbat Gem

Level Four Advisory Services LLC boosted its stake in shares of Community Financial System, Inc. (NYSE:CBU – Free Report) by 9.0% during the second quarter, Holdings Channel reports. The firm owned 13,293 shares of the bank’s stock after purchasing an additional 1,099 shares during the quarter. Level Four Advisory Services LLC’s holdings in Community Financial System were worth $756,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Community Financial System in the 1st quarter worth $278,000. Cetera Investment Advisers lifted its holdings in Community Financial System by 8.8% in the first quarter. Cetera Investment Advisers now owns 10,900 shares of the bank’s stock valued at $620,000 after acquiring an additional 884 shares during the period. LPL Financial LLC boosted its position in Community Financial System by 19.0% in the first quarter. LPL Financial LLC now owns 27,894 shares of the bank’s stock worth $1,586,000 after purchasing an additional 4,463 shares during the last quarter. Invesco Ltd. grew its stake in shares of Community Financial System by 80.2% during the 1st quarter. Invesco Ltd. now owns 339,696 shares of the bank’s stock valued at $19,315,000 after purchasing an additional 151,189 shares during the period. Finally, Virtu Financial LLC bought a new stake in shares of Community Financial System during the 1st quarter valued at about $354,000. Institutional investors own 73.79% of the company’s stock.

Community Financial System Stock Performance

CBU opened at $56.76 on Monday. The company has a 50 day simple moving average of $57.06 and a two-hundred day simple moving average of $57.16. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.75 and a quick ratio of 0.76. The firm has a market cap of $2.99 billion, a P/E ratio of 14.63 and a beta of 0.79. Community Financial System, Inc. has a 1-year low of $49.44 and a 1-year high of $70.78.

Community Financial System (NYSE:CBU – Get Free Report) last issued its earnings results on Tuesday, October 21st. The bank reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.06. Community Financial System had a net margin of 20.72% and a return on equity of 11.09%. The company had revenue of $206.82 million during the quarter, compared to the consensus estimate of $206.85 million. During the same quarter in the prior year, the firm posted $0.88 EPS. Community Financial System’s quarterly revenue was up 9.6% compared to the same quarter last year. Equities analysts forecast that Community Financial System, Inc. will post 4.18 earnings per share for the current fiscal year.

Community Financial System Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 12th. Investors of record on Friday, December 12th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Friday, December 12th. Community Financial System’s dividend payout ratio (DPR) is 48.45%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Community Financial System in a research note on Tuesday, November 25th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $66.00 target price (down from $67.00) on shares of Community Financial System in a report on Thursday, October 23rd. Finally, Wall Street Zen upgraded shares of Community Financial System from a “sell” rating to a “hold” rating in a research note on Saturday, October 11th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Community Financial System has a consensus rating of “Hold” and an average target price of $68.00.

Check Out Our Latest Stock Analysis on CBU

Community Financial System Company Profile

(Free Report)

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.

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