Community Bank System (CBU) to Release Earnings on Monday

Community Bank System (NYSE:CBU) is set to post its quarterly earnings results before the market opens on Monday, January 22nd. Analysts expect Community Bank System to post earnings of $0.63 per share for the quarter.

Community Bank System (NYSE:CBU) last posted its earnings results on Monday, October 23rd. The bank reported $0.73 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.06. Community Bank System had a net margin of 21.00% and a return on equity of 9.22%. The business had revenue of $137.30 million for the quarter, compared to analyst estimates of $138.74 million. During the same quarter in the prior year, the firm earned $0.61 EPS. The firm’s quarterly revenue was up 26.7% compared to the same quarter last year. On average, analysts expect Community Bank System to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of Community Bank System (CBU) opened at $55.63 on Monday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.08. Community Bank System has a fifty-two week low of $48.89 and a fifty-two week high of $62.59. The firm has a market cap of $2,815.38, a PE ratio of 25.40, a PEG ratio of 1.92 and a beta of 1.08.

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 10th. Stockholders of record on Friday, December 15th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend was Thursday, December 14th. Community Bank System’s payout ratio is 62.10%.

Several equities research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $54.00 target price on shares of Community Bank System in a report on Friday, October 13th. Zacks Investment Research lowered shares of Community Bank System from a “strong-buy” rating to a “hold” rating in a report on Monday, October 2nd. Sandler O’Neill raised shares of Community Bank System from a “sell” rating to a “hold” rating in a report on Thursday, December 21st. Finally, DA Davidson set a $55.00 price target on shares of Community Bank System and gave the stock a “hold” rating in a research report on Tuesday, October 24th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $55.80.

In related news, Director R Kallet Michael sold 7,500 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $56.38, for a total transaction of $422,850.00. Following the transaction, the director now owns 4,103 shares in the company, valued at approximately $231,327.14. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Nicholas A. Dicerbo sold 2,000 shares of the company’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $56.00, for a total transaction of $112,000.00. Following the transaction, the director now owns 184,622 shares in the company, valued at approximately $10,338,832. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,440 shares of company stock worth $862,488. 3.20% of the stock is owned by corporate insiders.

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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.

Earnings History for Community Bank System (NYSE:CBU)

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