Community Bank System, Inc. (CBU): Nicholas A Dicerbo , director of Community Bank System, Inc. sold 1,913 shares on May 26, 2016. The Insider selling transaction was reported by the company on May 31, 2016 to the Securities and Exchange Commission. The shares were sold at $34.15 per share for a total value of $78,438.04 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 29, 2016, Brian D Donahue (EVP & Chief Banking Officer) sold 8,084 shares at $39.75 per share price.On Mar 10, 2016, James A Gabriel (director) sold 3,817 shares at $38.68 per share price.Also, On Jan 28, 2016, John Parente (director) purchased 8,600 shares at $35.10 per share price.On Nov 10, 2015, Nicholas A Dicerbo (director) sold 4,516 shares at $42.86 per share price.
Community Bank System: On Friday, May 27, 2016 heightened volatility was witnessed in Community Bank System which led to swings in the share price. The shares opened for trading at $40.73 and hit $41.17 on the upside , eventually ending the session at $41.15, with a gain of 1.25% or 0.51 points. The heightened volatility saw the trading volume jump to 87,279 shares. The 52-week high of the share price is $44.11 and the company has a market cap of $1,815 M . The 52-week low of the share price is at $34.15.
On May 20, 2016, Community Bank System announced a cash dividend of $0.3100. The company’s management has announced Jun 13, 2016 as the ex-dividend date and fixed the record date on Jun 15, 2016. The payable date has been fixed on Jul 11, 2016.
Company has been under the radar of several Street Analysts.Community Bank System is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 39 from a previous price target of $37 .The Rating was issued on Apr 26, 2016.
Community Bank System Inc. is a single bank holding company. The Company owns five subsidiaries: Community Bank N.A. (CBNA) Benefit Plans Administrative Services Inc. (BPAS) CFSI Closeout Corp. (CFSICC) First of Jermyn Realty Company Inc. (FJRC) and Town & Country Agency LLC (T&C). It operates in three segments: banking which provides an array of lending and depository-related products and services; Employee benefit services segment which is engaged in providing employee benefit trust collective investment fund retirement plan administration actuarial VEBA or HRA and health and welfare consulting services and Wealth management services which include trust services provided by the personal trust unit of CBNA investment and insurance products and services provided by CISI and CBNA Insurance and asset advisory services provided by Nottingham. It offers retail and business banking services insurance and benefits consulting services.