Community Bank System(NYSE:CBU) Declares Dividend of $0.3200.

Community Bank System (NYSE:CBU) had declared a cash dividend of $0.3200 on Aug 19, 2016. The shares will quote ex-dividend on Sep 13, 2016 and the record date has been fixed for Sep 15, 2016. On Aug 19, 2016 share price, the yield comes out to be 2.8120%. The dividend payable date has been fixed on Oct 10, 2016.

In a different note, On Jul 22, 2016, Sandler O’Neill said it Downgrades its rating on Community Bank System. The shares have been rated ‘Hold’ by the firm.

Community Bank System (CBU) made into the market gainers list on Mondays trading session with the shares advancing 0.28% or 0.13 points. Due to strong positive momentum, the stock ended at $46.9, which is also near the day’s high of $47.18. The stock began the session at $46.7 and the volume stood at 89,149 shares. The 52-week high of the shares is $47 and the 52 week low is $34.27. The company has a current market capitalization of $2,076 M and it has 4,42,62,061 shares in outstanding.

Community Bank System(CBU) last announced its earnings results on Jul 20, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $107.08M. Analysts had an estimated revenue of $106.66M. Earnings per share were $0.58. Analysts had estimated an EPS of $0.56.

Several Insider Transactions has been reported to the SEC. On Jul 27, 2016, Nicholas A Dicerbo (director) sold 4,000 shares at $43.85 per share price.Also, On Jul 27, 2016, Brian R Ace (director) sold 3,817 shares at $43.40 per share price.On Apr 29, 2016, Brian D Donahue (EVP & Chief Banking Officer) sold 8,084 shares at $39.75 per share price, according to the Form-4 filing with the securities and exchange commission.

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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