Community Bank System, Inc. (CBU) Set to Announce Earnings on Monday
Community Bank System, Inc. (NYSE:CBU) will post its quarterly earnings results before the market opens on Monday, July 31st. Analysts expect Community Bank System to post earnings of $0.60 per share for the quarter.
Community Bank System (NYSE:CBU) last announced its quarterly earnings data on Monday, April 24th. The bank reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.07. Community Bank System had a net margin of 23.62% and a return on equity of 8.84%. The company had revenue of $111.60 million for the quarter, compared to the consensus estimate of $109.43 million. During the same period in the prior year, the firm posted $0.55 EPS. Community Bank System’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, analysts expect Community Bank System to post $2.45 EPS for the current fiscal year and $2.64 EPS for the next fiscal year.
Shares of Community Bank System, Inc. (NYSE:CBU) opened at 54.29 on Monday. The company’s 50-day moving average is $55.76 and its 200 day moving average is $56.70. The stock has a market capitalization of $2.50 billion, a P/E ratio of 23.21 and a beta of 1.08. Community Bank System, Inc. has a 12 month low of $42.11 and a 12 month high of $63.04.
The company also recently announced a quarterly dividend, which was paid on Monday, July 10th. Shareholders of record on Thursday, June 15th were issued a $0.32 dividend. The ex-dividend date of this dividend was Tuesday, June 13th. This represents a $1.28 dividend on an annualized basis and a yield of 2.36%. Community Bank System’s dividend payout ratio is presently 54.47%.
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In other Community Bank System news, Director Nicholas A. Dicerbo sold 3,000 shares of the business’s stock in a transaction dated Thursday, June 29th. The shares were sold at an average price of $56.03, for a total value of $168,090.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.20% of the company’s stock.
A number of equities analysts have commented on the stock. BidaskClub downgraded shares of Community Bank System from a “hold” rating to a “sell” rating in a report on Saturday, June 24th. Royal Bank Of Canada boosted their target price on shares of Community Bank System from $41.00 to $56.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 16th. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. Community Bank System presently has a consensus rating of “Hold” and an average price target of $54.25.
Community Bank System Company Profile
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.
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