Media headlines about Community Bank System (NYSE:CBU) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Community Bank System earned a daily sentiment score of 0.25 on Accern’s scale. Accern also gave media stories about the bank an impact score of 46.497509530672 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
CBU has been the topic of a number of recent research reports. Piper Jaffray Companies reaffirmed a “hold” rating and set a $51.00 price objective on shares of Community Bank System in a research report on Thursday, August 3rd. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Community Bank System in a research report on Wednesday, August 2nd. BidaskClub raised Community Bank System from a “strong sell” rating to a “sell” rating in a research report on Friday, August 4th. Finally, Zacks Investment Research raised Community Bank System from a “hold” rating to a “strong-buy” rating and set a $58.00 price objective on the stock in a research report on Tuesday, September 12th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $54.80.
Community Bank System (CBU) opened at 51.99 on Friday. The company has a 50-day moving average price of $52.52 and a 200 day moving average price of $54.80. The stock has a market cap of $2.63 billion, a price-to-earnings ratio of 24.86 and a beta of 1.09. Community Bank System has a 12-month low of $42.67 and a 12-month high of $63.04.
Community Bank System (NYSE:CBU) last issued its quarterly earnings data on Monday, July 31st. The bank reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.13. Community Bank System had a net margin of 20.63% and a return on equity of 9.04%. The firm had revenue of $129.26 million for the quarter, compared to analyst estimates of $127.00 million. During the same quarter in the previous year, the business posted $0.58 EPS. The firm’s revenue was up 20.7% compared to the same quarter last year. On average, equities research analysts predict that Community Bank System will post $2.57 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Friday, September 15th will be issued a $0.34 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.36 dividend on an annualized basis and a yield of 2.62%. This is a positive change from Community Bank System’s previous quarterly dividend of $0.32. Community Bank System’s payout ratio is currently 64.15%.
In other Community Bank System news, Director Nicholas A. Dicerbo sold 3,000 shares of the business’s stock in a transaction on Thursday, June 29th. The shares were sold at an average price of $56.03, for a total value of $168,090.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 3.20% of the company’s stock.
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About Community Bank System
Community Bank System, Inc is a bank holding company. The Company owns two subsidiaries: Community Bank, N.A. (CBNA or the Bank) and Benefit Plans Administrative Services, Inc (BPAS). It operates in three segments: banking, employee benefit services, and All Other. The Banking segment provides lending and depository-related products and services to individuals, businesses and municipal enterprises.
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