Community Bank System (CBU) Set to Announce Quarterly Earnings on Tuesday

Community Bank System (NYSE:CBU) will post its quarterly earnings results before the market opens on Tuesday, October 22nd. Analysts expect Community Bank System to post earnings of $0.86 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Community Bank System (NYSE:CBU) last issued its quarterly earnings data on Tuesday, July 23rd. The bank reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.14. Community Bank System had a net margin of 15.90% and a return on equity of 8.94%. The firm had revenue of $183.80 million for the quarter, compared to analyst estimates of $180.05 million. During the same period in the previous year, the firm earned $0.91 EPS. Community Bank System’s revenue was up 4.9% on a year-over-year basis. On average, analysts expect Community Bank System to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Community Bank System Price Performance

Shares of CBU opened at $60.85 on Tuesday. The firm has a 50-day simple moving average of $58.38 and a two-hundred day simple moving average of $51.61. The stock has a market cap of $3.21 billion, a PE ratio of 19.14 and a beta of 0.64. Community Bank System has a 1-year low of $35.38 and a 1-year high of $63.95. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.76 and a quick ratio of 0.76.

Community Bank System Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Friday, September 13th were given a $0.46 dividend. This is a positive change from Community Bank System’s previous quarterly dividend of $0.45. The ex-dividend date was Friday, September 13th. This represents a $1.84 dividend on an annualized basis and a yield of 3.02%. Community Bank System’s payout ratio is presently 57.86%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CBU. Raymond James lowered Community Bank System from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 24th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $59.00 price objective on shares of Community Bank System in a report on Tuesday, September 10th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to MarketBeat, Community Bank System has an average rating of “Hold” and an average target price of $50.50.

Community Bank System Company Profile

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.