Equities analysts expect Community Bank System, Inc. (NYSE:CBU) to report earnings per share of $0.76 for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Community Bank System’s earnings, with the lowest EPS estimate coming in at $0.73 and the highest estimate coming in at $0.80. Community Bank System posted earnings per share of $0.82 during the same quarter last year, which would indicate a negative year over year growth rate of 7.3%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, April 23rd.
According to Zacks, analysts expect that Community Bank System will report full-year earnings of $3.21 per share for the current year, with EPS estimates ranging from $3.20 to $3.24. For the next fiscal year, analysts anticipate that the firm will post earnings of $3.40 per share, with EPS estimates ranging from $3.30 to $3.50. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Community Bank System.
Community Bank System (NYSE:CBU) last announced its earnings results on Wednesday, January 23rd. The bank reported $0.78 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($0.02). The company had revenue of $141.61 million for the quarter, compared to analysts’ expectations of $142.54 million. Community Bank System had a return on equity of 10.55% and a net margin of 28.74%. During the same period last year, the business earned $0.64 EPS.
Several brokerages have weighed in on CBU. Zacks Investment Research raised shares of Community Bank System from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a research note on Thursday, December 6th. ValuEngine lowered shares of Community Bank System from a “buy” rating to a “hold” rating in a research note on Tuesday, March 5th. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of Community Bank System in a research note on Wednesday, January 23rd. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Community Bank System presently has a consensus rating of “Hold” and a consensus price target of $60.00.
CBU stock traded down $1.92 during mid-day trading on Wednesday, hitting $59.41. 192,200 shares of the company were exchanged, compared to its average volume of 200,509. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.74 and a quick ratio of 0.74. The firm has a market cap of $3.14 billion, a PE ratio of 17.63, a price-to-earnings-growth ratio of 2.44 and a beta of 0.94. Community Bank System has a 12-month low of $52.26 and a 12-month high of $67.07.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 10th. Stockholders of record on Friday, March 15th will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, March 14th. This represents a $1.52 annualized dividend and a dividend yield of 2.56%. Community Bank System’s dividend payout ratio is presently 45.10%.
In other news, CEO Mark E. Tryniski sold 11,369 shares of the stock in a transaction dated Thursday, February 7th. The shares were sold at an average price of $62.11, for a total transaction of $706,128.59. Following the sale, the chief executive officer now owns 119,497 shares of the company’s stock, valued at $7,421,958.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.34% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of CBU. Federated Investors Inc. PA lifted its position in shares of Community Bank System by 68,296.1% during the third quarter. Federated Investors Inc. PA now owns 949,338 shares of the bank’s stock worth $57,976,000 after purchasing an additional 947,950 shares in the last quarter. Norges Bank acquired a new stake in shares of Community Bank System during the fourth quarter worth about $23,160,000. BlackRock Inc. lifted its position in shares of Community Bank System by 3.7% during the third quarter. BlackRock Inc. now owns 7,379,973 shares of the bank’s stock worth $450,695,000 after purchasing an additional 262,452 shares in the last quarter. Walthausen & Co. LLC acquired a new stake in shares of Community Bank System during the third quarter worth about $9,669,000. Finally, Vanguard Group Inc raised its holdings in Community Bank System by 1.9% in the third quarter. Vanguard Group Inc now owns 5,628,200 shares of the bank’s stock valued at $343,714,000 after acquiring an additional 104,088 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.
About Community Bank System
Community Bank System, Inc operates as the bank holding company for Community Bank, N.A. that provides various banking and financial services to retail, commercial, and municipal customers. It operates through three segments: Banking, Employee Benefit Services, and All Other. The company offers various deposits products, such as checking, savings, and money market accounts, as well as time deposits.
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