Nottingham Advisors buys $11,173,787 stake in Community Bank System (CBU)

Community Bank System (CBU) : Nottingham Advisors scooped up 8,166 additional shares in Community Bank System during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 247,153 shares of Community Bank System which is valued at $11,173,787.Community Bank System makes up approximately 2.01% of Nottingham Advisors’s portfolio.

Other Hedge Funds, Including , Hamel Associates boosted its stake in CBU in the latest quarter, The investment management firm added 425 additional shares and now holds a total of 93,270 shares of Community Bank System which is valued at $4,216,737. Community Bank System makes up approx 2.22% of Hamel Associates’s portfolio.Cable Hill Partners reduced its stake in CBU by selling 17 shares or 30.36% in the most recent quarter. The Hedge Fund company now holds 39 shares of CBU which is valued at $1,764.State Board Of Administration Of Florida Retirement System reduced its stake in CBU by selling 583 shares or 1.5% in the most recent quarter. The Hedge Fund company now holds 38,253 shares of CBU which is valued at $1,730,183. Community Bank System makes up approx 0.01% of State Board Of Administration Of Florida Retirement System’s portfolio.Ifc Holdings Incorporatedfl boosted its stake in CBU in the latest quarter, The investment management firm added 840 additional shares and now holds a total of 15,871 shares of Community Bank System which is valued at $701,498. Community Bank System makes up approx 0.08% of Ifc Holdings Incorporatedfl’s portfolio.Burns J W Co Incny reduced its stake in CBU by selling 575 shares or 3.9% in the most recent quarter. The Hedge Fund company now holds 14,183 shares of CBU which is valued at $605,472. Community Bank System makes up approx 0.18% of Burns J W Co Incny’s portfolio.

Community Bank System opened for trading at $44.95 and hit $45.09 on the upside on Monday, eventually ending the session at $45.05, with a gain of 0.78% or 0.35 points. The heightened volatility saw the trading volume jump to 66,688 shares. Company has a market cap of $1,994 M.

On the company’s financial health, Community Bank System reported $0.58 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $0.56. The company had revenue of $107.10 million for the quarter, compared to analysts expectations of $106.71 million. The company’s revenue was up 17.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 EPS.

Many Wall Street Analysts have commented on Community Bank System. Company shares were Reiterated by Hovde Group on Jul 26, 2016 to “Market Perform”, Firm has raised the Price Target to $ 43 from a previous price target of $38 .Community Bank System was Downgraded by Sandler O’Neill to ” Hold” on Jul 22, 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.

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