Raymond James Financial Services Advisors Increases Stake in Community Bank System, to $1.29 Million

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Raymond James Financial Services Advisors Inc. has recently increased its stake in Community Bank System ($NYSE:CBU), Inc. to $1.29 Million. It is the largest independent bank holding company headquartered in New York State. Community Bank System, Inc. offers a wide range of services such as consumer banking, commercial banking, trust & investment services, and commercial loan & leasing services. It also offers online banking and mobile banking services for its customers.

The company’s stock is listed on the New York Stock Exchange (NYSE) under the ticker symbol CBU. This is encouraging news for investors, and it signifies the trust financial advisors have in the bank’s stability and growth potential.

Price History

COMMUNITY BANK SYSTEM shares opened at $39.0 and closed at $38.6, a 1.0% decrease from the prior closing price of $39.0. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for CBU. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for CBU. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for CBU. More…

Key Ratios Snapshot

Some of the financial key ratios for CBU are shown below. More…

Analysis

GoodWhale has conducted an analysis of COMMUNITY BANK SYSTEM‘s wellbeing and the results are positive. Our Star Chart shows that the company is strong in dividend, with a medium rating for profitability, asset and weak in growth. Additionally, COMMUNITY BANK SYSTEM has a high health score of 10/10 considering its cashflows and debt, indicating it is capable of safely riding out any crisis without the risk of bankruptcy. Based on these findings, we have classified COMMUNITY BANK SYSTEM as a ‘cow’, a type of company that has the track record of paying out consistent and sustainable dividends. This makes COMMUNITY BANK SYSTEM an ideal investment for those who are interested in a reliable source of income. It is especially attractive for those seeking long-term capital preservation and stable returns. Furthermore, anyone who appreciates low volatility with stability in their portfolio returns may find COMMUNITY BANK SYSTEM to be an attractive option. 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

Investment analysis for Community Bank System, Inc. (NYSE: CBU) is favorable due to the company’s robust performance. This has been largely attributed to the company’s strong balance sheet, positive earnings, and a healthy dividend yield. Raymond James Financial Services Advisors Inc. has reported a $1.29 million stake in Community Bank System, Inc. which is a testament to the company’s positive outlook. By diversifying its services and reaching out to new markets, Community Bank System, Inc. is well-positioned to capitalize on future growth opportunities and continue delivering value for its shareholders.