Analysts expect Community Bank System, Inc. (NYSE:CBU) to report earnings of $0.80 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Community Bank System’s earnings, with the lowest EPS estimate coming in at $0.79 and the highest estimate coming in at $0.82. Community Bank System reported earnings per share of $0.81 in the same quarter last year, which would suggest a negative year over year growth rate of 1.2%. The company is scheduled to report its next quarterly earnings report before the market opens on Wednesday, January 22nd.
On average, analysts expect that Community Bank System will report full-year earnings of $3.24 per share for the current fiscal year, with EPS estimates ranging from $3.23 to $3.25. For the next financial year, analysts forecast that the firm will post earnings of $3.24 per share, with EPS estimates ranging from $3.15 to $3.31. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Community Bank System.
Community Bank System (NYSE:CBU) last issued its quarterly earnings data on Monday, October 21st. The bank reported $0.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.03. Community Bank System had a net margin of 27.57% and a return on equity of 9.86%. The business had revenue of $148.40 million during the quarter, compared to analyst estimates of $150.53 million. During the same period in the prior year, the business earned $0.81 EPS. The company’s revenue for the quarter was up 4.5% on a year-over-year basis.
Separately, Zacks Investment Research upgraded Community Bank System from a “sell” rating to a “hold” rating in a report on Tuesday, October 22nd.
CBU traded down $0.20 on Friday, hitting $71.32. The company had a trading volume of 233,172 shares, compared to its average volume of 229,517. The stock has a fifty day simple moving average of $69.83 and a 200-day simple moving average of $65.61. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market capitalization of $3.70 billion, a P/E ratio of 22.36 and a beta of 1.01. Community Bank System has a 52-week low of $56.58 and a 52-week high of $72.63.
The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 13th were paid a $0.41 dividend. The ex-dividend date was Thursday, December 12th. This represents a $1.64 annualized dividend and a yield of 2.30%. Community Bank System’s payout ratio is 48.66%.
In other news, Director R Kallet Michael sold 1,500 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $69.23, for a total value of $103,845.00. Following the sale, the director now directly owns 49,909 shares of the company’s stock, valued at approximately $3,455,200.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Joseph F. Serbun sold 7,342 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $68.59, for a total transaction of $503,587.78. Following the completion of the sale, the executive vice president now directly owns 14,599 shares in the company, valued at $1,001,345.41. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,342 shares of company stock valued at $911,723. 2.15% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of CBU. FNY Investment Advisers LLC bought a new stake in Community Bank System during the fourth quarter worth about $41,000. Diversified Trust Co grew its holdings in Community Bank System by 17.1% during the fourth quarter. Diversified Trust Co now owns 4,275 shares of the bank’s stock valued at $303,000 after purchasing an additional 625 shares during the period. Resources Management Corp CT ADV purchased a new stake in Community Bank System in the third quarter worth about $895,000. Metropolitan Life Insurance Co NY increased its holdings in Community Bank System by 1.3% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 16,254 shares of the bank’s stock worth $1,003,000 after acquiring an additional 214 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in shares of Community Bank System in the third quarter worth $477,000. 71.00% of the stock is owned by institutional investors.
About Community Bank System
Community Bank System, Inc operates as the bank holding company for Community Bank, N.A. that provides various banking and other 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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