DA Davidson Has Positive Forecast for CBU FY2025 Earnings

Community Bank System, Inc. (NYSE:CBU) – Stock analysts at DA Davidson raised their FY2025 EPS estimates for shares of Community Bank System in a research note issued to investors on Thursday, January 23rd. DA Davidson analyst M. Navas now anticipates that the bank will earn $4.55 per share for the year, up from their prior estimate of $3.70. The consensus estimate for Community Bank System’s current full-year earnings is $4.01 per share.

Community Bank System (NYSE:CBU) last issued its earnings results on Tuesday, January 21st. The bank reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. Community Bank System had a return on equity of 10.94% and a net margin of 19.40%. The company had revenue of $196.30 million for the quarter, compared to analysts’ expectations of $190,950 billion. During the same period last year, the business earned $0.76 EPS. Community Bank System’s quarterly revenue was up 10.8% compared to the same quarter last year.

Several other brokerages have also weighed in on CBU. Piper Sandler began coverage on Community Bank System in a report on Thursday, December 5th. They set a “neutral” rating and a $70.00 price objective for the company. Keefe, Bruyette & Woods increased their target price on shares of Community Bank System from $74.00 to $76.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 22nd. Finally, Raymond James raised shares of 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 research note on Monday, October 28th.

Community Bank System Stock Performance

Shares of CBU opened at $65.50 on Monday. The company has a market capitalization of $3.44 billion, a price-to-earnings ratio of 19.04 and a beta of 0.67. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.42. The stock has a 50 day moving average of $65.01 and a 200 day moving average of $61.62. Community Bank System has a 12 month low of $41.50 and a 12 month high of $73.39.

Hedge Funds Weigh In On Community Bank System

Hedge funds have recently modified their holdings of the stock. Riggs Asset Managment Co. Inc. raised its position in Community Bank System by 14.0% during the 4th quarter. Riggs Asset Managment Co. Inc. now owns 6,111 shares of the bank’s stock valued at $378,000 after purchasing an additional 750 shares in the last quarter. Invesco LLC grew its holdings in Community Bank System by 7.0% in the fourth quarter. Invesco LLC now owns 6,763 shares of the bank’s stock worth $417,000 after purchasing an additional 442 shares during the last quarter. KBC Group NV raised its stake in Community Bank System by 28.6% in the fourth quarter. KBC Group NV now owns 2,335 shares of the bank’s stock valued at $144,000 after buying an additional 519 shares during the last quarter. Geneos Wealth Management Inc. purchased a new position in shares of Community Bank System in the 4th quarter valued at approximately $141,000. Finally, Janney Montgomery Scott LLC lifted its stake in shares of Community Bank System by 1.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 50,322 shares of the bank’s stock worth $3,104,000 after buying an additional 499 shares during the period. Hedge funds and other institutional investors own 73.79% of the company’s stock.

Insider Buying and Selling at Community Bank System

In other news, Director John F. Whipple sold 3,937 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $73.10, for a total value of $287,794.70. Following the transaction, the director now owns 5,823 shares of the company’s stock, valued at $425,661.30. This trade represents a 40.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.89% of the company’s stock.

Community Bank System Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Friday, March 14th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.84 annualized dividend and a dividend yield of 2.81%. Community Bank System’s dividend payout ratio is presently 53.49%.

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.