Community Bank System (NYSE:CBU) Posts Earnings Results, Meets Expectations

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.

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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.

Earnings History for Community Bank System (NYSE:CBU)

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