Community Bank System (CBU) to Release Earnings on Tuesday

Community Bank System (NYSE:CBU) is expected to post its quarterly earnings results 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.

Community Bank System (NYSE:CBU) last issued 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). The business had revenue of $188.94 million for the quarter, compared to analyst estimates of $186.35 million. Community Bank System had a net margin of 18.82% and a return on equity of 10.52%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.82 earnings per share. 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 Up 1.1 %

Shares of NYSE CBU traded up $0.65 during mid-day trading on Wednesday, reaching $62.25. 188,736 shares of the company’s stock traded hands, compared to its average volume of 188,493. The stock has a market cap of $3.27 billion, a P/E ratio of 19.39 and a beta of 0.67. The business has a 50-day simple moving average of $65.68 and a 200 day simple moving average of $60.66. Community Bank System has a 1-year low of $41.50 and a 1-year high of $73.39. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.76 and a quick ratio of 0.76.

Community Bank System Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Friday, March 14th will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.96%. Community Bank System’s payout ratio is currently 57.32%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CBU. Piper Sandler began coverage on shares of 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. Keefe, Bruyette & Woods raised their price target on shares of Community Bank System from $64.00 to $74.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Finally, Raymond James raised shares of Community Bank System from a “market perform” rating to a “strong-buy” rating and set a $67.00 price objective on the stock in a research report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Community Bank System currently has a consensus rating of “Hold” and an average price target of $65.25.

Insider Buying and Selling at Community Bank System

In other Community Bank System news, Director John F. Whipple sold 3,937 shares of the business’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 $425,661.30. The trade was a 40.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.78% 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.