Community Bank System (CBU) Scheduled to Post Quarterly Earnings on Tuesday

Community Bank System (NYSE:CBU) is scheduled to post its quarterly earnings results before the market opens on Tuesday, October 22nd. Analysts expect Community Bank System to post earnings of $0.86 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Community Bank System (NYSE:CBU) last released its earnings results on Tuesday, July 23rd. The bank reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.14. Community Bank System had a net margin of 15.90% and a return on equity of 8.94%. The firm had revenue of $183.80 million during the quarter, compared to the consensus estimate of $180.05 million. During the same period in the previous year, the firm earned $0.91 earnings per share. Community Bank System’s revenue was up 4.9% compared to the same quarter last year. 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 Stock Down 3.0 %

Shares of Community Bank System stock opened at $60.86 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.43. Community Bank System has a twelve month low of $35.38 and a twelve month high of $63.95. The stock has a market cap of $3.21 billion, a price-to-earnings ratio of 19.14 and a beta of 0.64. The company has a fifty day moving average price of $58.81 and a 200 day moving average price of $52.07.

Community Bank System Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 13th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.84 dividend on an annualized basis and a yield of 3.02%. Community Bank System’s dividend payout ratio (DPR) is 57.86%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CBU shares. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $59.00 target price on shares of Community Bank System in a research note on Tuesday, September 10th. Raymond James downgraded shares of Community Bank System from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $50.50.

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.