DA Davidson Issues Optimistic Forecast for CBU Earnings

Community Bank System, Inc. (NYSE:CBU) – DA Davidson increased their FY2025 EPS estimates for shares of Community Bank System in a research note issued on Thursday, January 23rd. DA Davidson analyst M. Navas now expects that the bank will earn $4.55 per share for the year, up from their prior estimate of $3.70. The consensus estimate for Community Bank System’s current full-year earnings is $4.01 per share.

Several other brokerages also recently weighed in on CBU. Keefe, Bruyette & Woods upped their target price on shares of Community Bank System from $74.00 to $76.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 22nd. Raymond James upgraded shares of 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 report on Monday, October 28th. Finally, Piper Sandler began coverage on Community Bank System in a research report on Thursday, December 5th. They set a “neutral” rating and a $70.00 price target on the stock.

Community Bank System Stock Up 0.8 %

NYSE:CBU opened at $65.50 on Monday. Community Bank System has a 52 week low of $41.50 and a 52 week high of $73.39. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.42. The stock’s fifty day moving average is $65.01 and its two-hundred day moving average is $61.62. The stock has a market capitalization of $3.44 billion, a price-to-earnings ratio of 19.04 and a beta of 0.67.

Community Bank System (NYSE:CBU) last released its quarterly earnings data on Tuesday, January 21st. The bank reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. The firm had revenue of $196.30 million for the quarter, compared to analysts’ expectations of $190,950 billion. Community Bank System had a return on equity of 10.94% and a net margin of 19.40%. The firm’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.76 earnings per share.

Community Bank System Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend is Friday, March 14th. Community Bank System’s dividend payout ratio (DPR) is presently 53.49%.

Insider Buying and Selling at Community Bank System

In other Community Bank System news, Director John F. Whipple sold 3,937 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $73.10, for a total value of $287,794.70. Following the transaction, the director now directly owns 5,823 shares in the company, valued at approximately $425,661.30. This represents a 40.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.89% of the company’s stock.

Institutional Investors Weigh In On Community Bank System

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC grew its stake in Community Bank System by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,208,859 shares of the bank’s stock worth $70,212,000 after acquiring an additional 8,751 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Community Bank System by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 652,991 shares of the bank’s stock valued at $37,919,000 after purchasing an additional 9,863 shares during the period. Assenagon Asset Management S.A. increased its stake in Community Bank System by 699.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 144,817 shares of the bank’s stock valued at $8,932,000 after purchasing an additional 126,700 shares during the last quarter. Jane Street Group LLC lifted its position in Community Bank System by 151.8% during the third quarter. Jane Street Group LLC now owns 127,227 shares of the bank’s stock worth $7,388,000 after buying an additional 76,703 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in Community Bank System by 1.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 112,377 shares of the bank’s stock worth $6,526,000 after buying an additional 1,587 shares during the last quarter. 73.79% of the stock is currently owned by hedge funds and other institutional investors.

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.