Community Bank System (NYSE:CBU) announced its earnings results on Monday, January 22nd. The bank reported $0.71 EPS for the quarter, meeting the consensus estimate of $0.71, Bloomberg Earnings reports. The business had revenue of $139.90 million during the quarter, compared to the consensus estimate of $138.09 million. Community Bank System had a return on equity of 9.18% and a net margin of 28.34%. Community Bank System’s revenue was up 28.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.59 earnings per share.
Shares of Community Bank System (NYSE:CBU) traded up $1.30 during trading hours on Wednesday, hitting $54.20. The stock had a trading volume of 169,592 shares, compared to its average volume of 282,968. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.75 and a quick ratio of 0.72. The firm has a market cap of $2,680.00, a price-to-earnings ratio of 17.69, a PEG ratio of 1.76 and a beta of 1.02. Community Bank System has a one year low of $48.89 and a one year high of $61.25.
Several brokerages recently issued reports on CBU. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $58.00 price objective on shares of Community Bank System in a research note on Wednesday, January 24th. Boenning Scattergood reaffirmed a “hold” rating on shares of Community Bank System in a research note on Monday, January 22nd. Zacks Investment Research raised Community Bank System from a “hold” rating to a “strong-buy” rating and set a $63.00 price target for the company in a research note on Tuesday, December 26th. Sandler O’Neill raised Community Bank System from a “sell” rating to a “hold” rating in a report on Thursday, December 21st. Finally, DA Davidson set a $55.00 price objective on Community Bank System and gave the company a “hold” rating in a report on Tuesday, October 24th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $56.60.
In other Community Bank System news, Director R Kallet Michael sold 7,500 shares of Community Bank System stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $56.38, for a total value of $422,850.00. Following the completion of the transaction, the director now owns 4,103 shares in the company, valued at approximately $231,327.14. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Nicholas A. Dicerbo sold 2,000 shares of Community Bank System stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $56.00, for a total value of $112,000.00. Following the completion of the transaction, the director now owns 184,622 shares of the company’s stock, valued at approximately $10,338,832. The disclosure for this sale can be found here. Insiders have sold a total of 15,440 shares of company stock valued at $862,488 in the last 90 days. 3.20% of the stock is owned by corporate insiders.
WARNING: “Community Bank System (NYSE:CBU) Posts Earnings Results, Meets Expectations” was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this piece on another domain, it was stolen and reposted in violation of US and international trademark and copyright laws. The original version of this piece can be read at https://www.dispatchtribunal.com/2018/02/14/community-bank-system-cbu-announces-earnings-results.html.
About Community Bank System
Community Bank System, Inc is a bank holding company. The Company owns two subsidiaries: Community Bank, N.A. (CBNA or the Bank) and Benefit Plans Administrative Services, Inc (BPAS). It operates in three segments: banking, employee benefit services, and All Other. The Banking segment provides lending and depository-related products and services to individuals, businesses and municipal enterprises.
Receive News & Ratings for Community Bank System Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Community Bank System and related companies with MarketBeat.com's FREE daily email newsletter.