Community Bank System Inc. (NYSE:CBU) reached a new 52-week high on Wednesday . The stock traded as high as $46.19 and last traded at $46.14, with a volume of 16,927 shares traded. The stock had previously closed at $46.03.

Several equities research analysts recently weighed in on CBU shares. Zacks Investment Research upgraded shares of Community Bank System from a “sell” rating to a “hold” rating in a research note on Monday, June 13th. Sandler O’Neill lowered shares of Community Bank System from a “buy” rating to a “hold” rating in a research note on Friday, July 22nd. Finally, Hovde Group increased their price objective on shares of Community Bank System from $38.00 to $43.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 26th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Community Bank System presently has an average rating of “Hold” and an average price target of $41.50.

The company’s 50 day moving average is $44.10 and its 200 day moving average is $40.31. The stock has a market cap of $2.07 billion and a P/E ratio of 21.19.

Community Bank System (NYSE:CBU) last announced its earnings results on Wednesday, July 20th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.56 by $0.02. The firm earned $107.10 million during the quarter, compared to the consensus estimate of $106.66 million. The business’s revenue was up 17.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.58 EPS. Equities research analysts forecast that Community Bank System Inc. will post $2.32 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 10th. Shareholders of record on Thursday, September 15th will be given a $0.32 dividend. This is a boost from Community Bank System’s previous quarterly dividend of $0.31. The ex-dividend date is Tuesday, September 13th. This represents a $1.28 annualized dividend and a yield of 2.74%.

In other Community Bank System news, Director Nicholas A. Dicerbo sold 2,000 shares of the firm’s stock in a transaction on Monday, July 25th. The shares were sold at an average price of $43.75, for a total value of $87,500.00. Following the sale, the director now directly owns 200,921 shares in the company, valued at approximately $8,790,293.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brian R. Ace sold 3,817 shares of the firm’s stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of $43.40, for a total transaction of $165,657.80. Following the completion of the sale, the director now owns 50,275 shares in the company, valued at $2,181,935. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in Community Bank System stock. California Public Employees Retirement System increased its stake in Community Bank System Inc. (NYSE:CBU) by 2.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 64,520 shares of the company’s stock after buying an additional 1,720 shares during the period. California Public Employees Retirement System owned 0.15% of Community Bank System worth $2,577,000 as of its most recent filing with the SEC.

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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