Community Bank System (CBU) Expected to Announce Earnings on Tuesday

Community Bank System (NYSE:CBU) is expected to release its earnings data before the market opens on Tuesday, January 21st. Analysts expect Community Bank System to post earnings of $0.88 per share and revenue of $190,950.00 billion for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Community Bank System (NYSE:CBU) last released its quarterly earnings data on Tuesday, October 22nd. The bank reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.05). Community Bank System had a return on equity of 10.52% and a net margin of 18.82%. The company had revenue of $188.94 million for the quarter, compared to analysts’ expectations of $186.35 million. During the same period in the prior year, the firm posted $0.82 EPS. The firm’s quarterly revenue was up 7.7% 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 Trading Up 1.0 %

NYSE CBU opened at $63.21 on Friday. The company has a market capitalization of $3.32 billion, a price-to-earnings ratio of 19.69 and a beta of 0.67. The company’s fifty day moving average price is $65.46 and its two-hundred day moving average price is $60.88. Community Bank System has a 12 month low of $41.50 and a 12 month high of $73.39. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.76 and a quick ratio of 0.76.

Community Bank System Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Friday, March 14th will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend is Friday, March 14th. Community Bank System’s dividend payout ratio (DPR) is currently 57.32%.

Insider Activity

In other Community Bank System news, Director John F. Whipple sold 3,937 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $73.10, for a total transaction of $287,794.70. Following the completion of the transaction, the director now owns 5,823 shares in the company, valued at approximately $425,661.30. This represents a 40.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.78% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

CBU has been the subject of several research reports. Raymond James raised Community Bank System from a “market perform” rating to a “strong-buy” rating and set a $67.00 price target for the company in a report on Monday, October 28th. Keefe, Bruyette & Woods boosted their price target on Community Bank System from $64.00 to $74.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Finally, Piper Sandler started coverage on Community Bank System in a report on Thursday, December 5th. They set a “neutral” rating and a $70.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $65.25.

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.