Geode Capital Management LLC Boosts Stake in Community Bank System,
December 13, 2023
☀️Trending News
Geode Capital Management LLC recently boosted their stake in Community Bank System ($NYSE:CBU), Inc. (NYSE:CBU). Geode is a leading institutional asset management firm with offices in Boston, London, San Francisco, Singapore and Tokyo. The company offers a range of banking services such as retail and commercial banking, employee benefit services, insurance, and investment management to its clients. The banking and financial services company has been able to remain competitive in the industry by staying ahead of the curve on new technologies and offering innovative solutions to meet the needs of its customers. Community Bank System has invested heavily in digital banking platforms and mobile applications that make it easier for customers to conduct business online.
Additionally, the company has a strong commitment to its communities and to providing quality customer service.
Stock Price
The stock opened at $48.4 and closed at $48.7, down by 0.1% from the previous closing price of 48.8. Geode’s purchase of additional shares signals confidence in the growth prospects of COMMUNITY BANK SYSTEM in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for CBU. More…
| Total Revenues | Net Income | Net Margin |
| – | 150.6 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for CBU. More…
| Operations | Investing | Financing |
| 214.6 | -2.14k | 259.22 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for CBU. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 15.39k | 13.83k | – |
Key Ratios Snapshot
Some of the financial key ratios for CBU are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.8% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
At GoodWhale, we conducted an analysis of COMMUNITY BANK SYSTEM‘s fundamentals. According to our Star Chart, COMMUNITY BANK SYSTEM has a high health score of 8/10 with regard to its cashflows and debt, indicating that it is capable of paying its debts and funding future operations. In terms of its fundamentals, COMMUNITY BANK SYSTEM is strong in asset, dividend, and medium in profitability, but weak in growth. We classified COMMUNITY BANK SYSTEM as a ‘cow’, which is a company that has a track record of paying out consistent and sustainable dividends. This type of company would likely be interesting for investors looking for steady dividend payments and returns on investment. It also may be interesting to those seeking to diversify their portfolios through long-term investments. As COMMUNITY BANK SYSTEM has demonstrated a solid financial record with regard to debt and cashflows, it may be a good choice for those looking for reliable and secure investments. More…
Peers
The competition between Community Bank System Inc and its competitors, Home BancShares Inc, TriCo Bancshares, and Eagle Bancorp Inc, is fierce. These four banking systems are vying for a share of the market, offering competitive products and services to consumers. As the competitive landscape continues to evolve, these companies are working hard to differentiate their offerings and stay ahead of the competition.
– Home BancShares Inc ($NYSE:HOMB)
Home BancShares Inc is a financial holding company that operates through its wholly owned bank subsidiary, Centennial Bank. As of 2022, Home BancShares Inc has a market cap of 4.89 billion USD. The market cap of a company is the total market value of its outstanding shares. It is calculated by multiplying the current share price of the company by the total number of shares outstanding. Home BancShares Inc provides a wide range of banking and financial services through their network of branches located throughout Arkansas, Florida, South Carolina, and Alabama. They offer deposit products, mortgage and consumer loans, trust and asset management services, online and mobile banking services, and other financial services.
– TriCo Bancshares ($NASDAQ:TCBK)
TriCo Bancshares is a financial holding company based in California. It is the parent company of Tri Counties Bank, which provides banking services throughout northern and central California. As of 2022, TriCo Bancshares had a market capitalization of 1.72 billion. This is a reflection of the company’s financial performance and position in the financial services industry. TriCounties Bank provides an array of banking products and services, including consumer and business banking, commercial banking, wealth management, and mortgage banking. The bank also offers online banking services and a wide range of loan and deposit products. TriCo Bancshares has a strong balance sheet with a solid capital base and an experienced management team. The company also has a strong presence in the California market and its banking operations are well-positioned for long-term success.
– Eagle Bancorp Inc ($NASDAQ:EGBN)
Eagle Bancorp Inc is a regional bank holding company that provides commercial banking services through its wholly owned banking subsidiary, EagleBank. As of 2022, the company has a market capitalization of 1.44 billion dollars. Market capitalization is the total value of a company’s outstanding shares and is calculated by multiplying the current share price by the total number of shares outstanding. This market cap number reflects the overall value of the company in the stock market and gives investors an idea of how much it would cost to acquire the entire company. Eagle Bancorp Inc provides a range of commercial banking services, including loans, deposits, and cash management services to individual and corporate customers in the Maryland and Washington, D.C. metropolitan area. The company also provides wealth management, trust and investment services to its clients.
Summary
Geode Capital Management LLC recently increased its holdings in Community Bank System, Inc. (NYSE: CBU), a financial services company with operations in upstate New York and Northeastern Pennsylvania. This move signals that Geode has confidence in Community Bank System’s prospects and sees potential for future growth in the stock price. Analysts are praising the company’s strong financial performance, which is driven by a diversified portfolio that includes a large loan book, high-yield deposit products and a growing fee income from services such as mortgage banking, investment management and insurance.
Additionally, its focus on cost control, efficiency and growth opportunities has made it a favorite among investors. With its strong balance sheet and consistent positive earnings momentum, Community Bank System seems to be well positioned to deliver solid returns for investors.
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