Community Bank System (CBU) to Release Earnings on Tuesday

Community Bank System (NYSE:CBU) is projected to release its earnings data before the market opens on Tuesday, January 21st. Analysts expect Community Bank System to post earnings of $0.88 per share and revenue of $190,950.00 billion for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Community Bank System (NYSE:CBU) last announced its quarterly earnings data on Tuesday, October 22nd. The bank reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.05). Community Bank System had a net margin of 18.82% and a return on equity of 10.52%. The firm had revenue of $188.94 million during the quarter, compared to the consensus estimate of $186.35 million. During the same quarter in the prior year, the firm posted $0.82 earnings per share. The company’s revenue was up 7.7% on a year-over-year basis. On average, analysts expect Community Bank System to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Community Bank System Trading Up 1.0 %

Shares of Community Bank System stock opened at $63.21 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a market capitalization of $3.32 billion, a P/E ratio of 19.69 and a beta of 0.67. Community Bank System has a 52-week low of $41.50 and a 52-week high of $73.39. The stock’s 50-day simple moving average is $65.46 and its 200 day simple moving average is $60.98.

Community Bank System Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Friday, March 14th. Community Bank System’s payout ratio is 57.32%.

Insider Buying and Selling at Community Bank System

In other Community Bank System news, Director John F. Whipple sold 3,937 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $73.10, for a total transaction of $287,794.70. Following the completion of the transaction, the director now owns 5,823 shares in the company, valued at $425,661.30. This trade represents a 40.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.89% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CBU. Keefe, Bruyette & Woods upped their target price on Community Bank System from $64.00 to $74.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Raymond James raised Community Bank System from a “market perform” rating to a “strong-buy” rating and set a $67.00 target price for the company in a research note on Monday, October 28th. Finally, Piper Sandler began coverage on Community Bank System in a research note on Thursday, December 5th. They issued a “neutral” rating and a $70.00 target price for the company.

Community Bank System Company Profile

Community Bank System, Inc operates as the bank holding company for Community Bank, N.A. that provides various banking and other financial services to retail, commercial, institutional, and municipal customers. It operates through three segments: Banking, Employee Benefit Services, and All Other. The company offers various deposits products, such as interest and noninterest -bearing checking, savings, and money market deposit accounts, as well as time deposits.