Q4 Earnings Estimate for CBU Issued By DA Davidson

Community Bank System, Inc. (NYSE:CBU) – Stock analysts at DA Davidson issued their Q4 2024 earnings per share estimates for Community Bank System in a research report issued to clients and investors on Thursday, October 24th. DA Davidson analyst M. Navas anticipates that the bank will post earnings per share of $0.83 for the quarter. The consensus estimate for Community Bank System’s current full-year earnings is $3.42 per share. DA Davidson also issued estimates for Community Bank System’s FY2025 earnings at $3.70 EPS.

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 15.90% and a return on equity of 8.94%. The company had revenue of $188.94 million for the quarter, compared to analysts’ expectations of $186.35 million. During the same period last year, the business earned $0.82 earnings per share. The company’s quarterly revenue was up 7.7% compared to the same quarter last year.

Other equities research analysts have also recently issued reports about the company. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $59.00 target price on shares of Community Bank System in a report on Tuesday, September 10th. Raymond James downgraded Community Bank System from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $50.50.

Community Bank System Stock Up 0.4 %

Shares of CBU stock opened at $58.38 on Friday. The company’s fifty day simple moving average is $58.92 and its two-hundred day simple moving average is $52.38. Community Bank System has a 52 week low of $36.42 and a 52 week high of $63.95. The stock has a market cap of $3.08 billion, a P/E ratio of 18.36 and a beta of 0.64. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.43.

Community Bank System Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 13th will be given a dividend of $0.46 per share. 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 3.15%. Community Bank System’s dividend payout ratio (DPR) is presently 57.86%.

Hedge Funds Weigh In On Community Bank System

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in Community Bank System by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 6,596,018 shares of the bank’s stock worth $343,718,000 after buying an additional 43,001 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Community Bank System by 19.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,121 shares of the bank’s stock worth $423,000 after acquiring an additional 1,296 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Community Bank System by 77.3% during the 1st quarter. BNP Paribas Financial Markets now owns 29,113 shares of the bank’s stock worth $1,398,000 after purchasing an additional 12,692 shares during the period. Janney Montgomery Scott LLC grew its holdings in Community Bank System by 6.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 51,750 shares of the bank’s stock valued at $2,486,000 after purchasing an additional 2,911 shares during the last quarter. Finally, Texas Permanent School Fund Corp raised its position in Community Bank System by 1.2% in the 1st quarter. Texas Permanent School Fund Corp now owns 46,671 shares of the bank’s stock worth $2,242,000 after purchasing an additional 573 shares during the period. Hedge funds and other institutional investors own 73.79% of the company’s stock.

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.