IFC Holdings Incorporated FL lowered its position in shares of Community Bank System, Inc. (NYSE:CBU) by 3.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,854 shares of the bank’s stock after selling 633 shares during the period. IFC Holdings Incorporated FL’s holdings in Community Bank System were worth $883,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. LS Investment Advisors LLC increased its position in Community Bank System by 8.2% in the second quarter. LS Investment Advisors LLC now owns 1,814 shares of the bank’s stock worth $101,000 after buying an additional 137 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Community Bank System by 62.5% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,906 shares of the bank’s stock worth $105,000 after buying an additional 733 shares during the period. Cutler Group LP increased its position in Community Bank System by 118.7% in the second quarter. Cutler Group LP now owns 2,016 shares of the bank’s stock worth $112,000 after buying an additional 12,800 shares during the period. Meadow Creek Investment Management LLC bought a new position in Community Bank System during the first quarter worth approximately $126,000. Finally, Glen Harbor Capital Management LLC bought a new position in Community Bank System during the first quarter worth approximately $153,000. Hedge funds and other institutional investors own 64.32% of the company’s stock.

Community Bank System, Inc. (CBU) opened at 52.26 on Friday. The firm’s 50-day moving average is $55.06 and its 200-day moving average is $56.19. Community Bank System, Inc. has a 1-year low of $42.67 and a 1-year high of $63.04. The company has a market capitalization of $2.64 billion, a P/E ratio of 25.00 and a beta of 1.07.

Community Bank System (NYSE:CBU) last announced its earnings results on Monday, July 31st. The bank reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.13. Community Bank System had a net margin of 20.63% and a return on equity of 9.04%. The business had revenue of $129.26 million for the quarter, compared to analyst estimates of $127 million. During the same quarter in the previous year, the firm posted $0.58 earnings per share. Community Bank System’s revenue was up 20.7% compared to the same quarter last year. Equities research analysts predict that Community Bank System, Inc. will post $2.57 EPS for the current year.

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CBU has been the topic of a number of research analyst reports. Piper Jaffray Companies reiterated a “hold” rating and set a $51.00 price objective on shares of Community Bank System in a research note on Thursday, August 3rd. Royal Bank Of Canada reiterated a “hold” rating on shares of Community Bank System in a research note on Wednesday, August 2nd. Finally, BidaskClub upgraded shares of Community Bank System from a “strong sell” rating to a “sell” rating in a research note on Friday, August 4th. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Community Bank System has an average rating of “Hold” and a consensus price target of $53.60.

In related news, Director Nicholas A. Dicerbo sold 3,000 shares of the business’s stock in a transaction on Thursday, June 29th. The shares were sold at an average price of $56.03, for a total transaction of $168,090.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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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Institutional Ownership by Quarter for Community Bank System (NYSE:CBU)

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