Brokerages expect Community Bank System, Inc. (NYSE:CBU) to post sales of $138.73 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Community Bank System’s earnings. The lowest sales estimate is $137.50 million and the highest is $140.08 million. Community Bank System posted sales of $109.19 million in the same quarter last year, which suggests a positive year over year growth rate of 27.1%. The firm is expected to issue its next quarterly earnings results on Monday, January 22nd.

On average, analysts expect that Community Bank System will report full year sales of $138.73 million for the current fiscal year, with estimates ranging from $516.79 million to $525.37 million. For the next year, analysts anticipate that the company will report sales of $556.72 million per share, with estimates ranging from $549.05 million to $564.29 million. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Community Bank System.

Community Bank System (NYSE:CBU) last released its earnings results on Monday, October 23rd. The bank reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.06. Community Bank System had a return on equity of 9.22% and a net margin of 21.00%. The business had revenue of $137.30 million for the quarter, compared to analyst estimates of $138.74 million. During the same quarter in the prior year, the company posted $0.61 earnings per share. Community Bank System’s revenue was up 26.7% on a year-over-year basis.

Several analysts recently issued reports on the company. Zacks Investment Research lowered Community Bank System from a “buy” rating to a “hold” rating in a report on Thursday, October 26th. DA Davidson set a $55.00 target price on Community Bank System and gave the stock a “hold” rating in a report on Tuesday, October 24th. They noted that the move was a valuation call. Keefe, Bruyette & Woods restated a “hold” rating and issued a $54.00 price objective on shares of Community Bank System in a research note on Friday, October 13th. Finally, BidaskClub lowered Community Bank System from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Community Bank System currently has a consensus rating of “Hold” and an average target price of $55.20.

In other Community Bank System news, Director R Kallet Michael sold 7,500 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 4,103 shares in the company, valued at $231,327.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Eric Stickels sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $53.24, for a total value of $266,200.00. Following the completion of the sale, the director now owns 11,345 shares in the company, valued at approximately $604,007.80. The disclosure for this sale can be found here. Insiders sold 27,957 shares of company stock worth $1,507,931 in the last 90 days. Corporate insiders own 3.20% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Bank of Montreal Can grew its position in shares of Community Bank System by 1.2% in the second quarter. Bank of Montreal Can now owns 4,231 shares of the bank’s stock valued at $237,000 after purchasing an additional 49 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its position in shares of Community Bank System by 0.6% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 16,220 shares of the bank’s stock valued at $905,000 after purchasing an additional 100 shares during the last quarter. LS Investment Advisors LLC grew its position in shares of Community Bank System by 8.2% in the second quarter. LS Investment Advisors LLC now owns 1,814 shares of the bank’s stock valued at $101,000 after purchasing an additional 137 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Community Bank System by 9.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,080 shares of the bank’s stock valued at $116,000 after purchasing an additional 174 shares during the last quarter. Finally, Profund Advisors LLC grew its position in shares of Community Bank System by 2.5% in the second quarter. Profund Advisors LLC now owns 8,694 shares of the bank’s stock valued at $485,000 after purchasing an additional 212 shares during the last quarter. 69.21% of the stock is currently owned by institutional investors.

Shares of Community Bank System (NYSE:CBU) opened at $55.29 on Wednesday. Community Bank System has a twelve month low of $48.89 and a twelve month high of $63.04. The stock has a market capitalization of $2,850.00, a PE ratio of 20.29, a P/E/G ratio of 2.11 and a beta of 1.07. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.08.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Friday, December 15th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.36 annualized dividend and a yield of 2.46%. Community Bank System’s dividend payout ratio is 63.85%.

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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.

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Earnings History and Estimates for Community Bank System (NYSE:CBU)

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