Community Bank System (NYSE:CBU) Announces Earnings Results

Community Bank System (NYSE:CBU) posted its earnings results on Tuesday. The bank reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.02, Zacks reports. Community Bank System had a net margin of 19.40% and a return on equity of 10.94%.

Community Bank System Stock Performance

CBU stock opened at $55.09 on Tuesday. The business’s 50-day moving average price is $56.80 and its two-hundred day moving average price is $61.93. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.42. Community Bank System has a 1-year low of $42.16 and a 1-year high of $73.39. The firm has a market cap of $2.91 billion, a PE ratio of 16.01 and a beta of 0.74.

Community Bank System Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Friday, June 13th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 3.34%. The ex-dividend date is Friday, June 13th. Community Bank System’s dividend payout ratio (DPR) is 53.49%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods lifted their target price on Community Bank System from $74.00 to $76.00 and gave the company a “market perform” rating in a research note on Wednesday, January 22nd.

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, institutional, and municipal customers. It operates through three segments: Banking, Employee Benefit Services, and All Other. The company offers various deposits products, such as interest and noninterest -bearing checking, savings, and money market deposit accounts, as well as time deposits.