Community Bank System (CBU) Releases Quarterly Earnings Results

Community Bank System (NYSE:CBU) announced its quarterly earnings results on Monday. The bank reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.05, Bloomberg Earnings reports. Community Bank System had a return on equity of 10.55% and a net margin of 28.74%. The company had revenue of $142.60 million during the quarter, compared to the consensus estimate of $142.48 million. During the same period in the prior year, the company earned $0.78 earnings per share. The company’s revenue for the quarter was up .3% compared to the same quarter last year.

Shares of Community Bank System stock opened at $64.85 on Wednesday. Community Bank System has a 1 year low of $54.46 and a 1 year high of $67.07. The stock has a market capitalization of $3.31 billion, a price-to-earnings ratio of 19.24, a price-to-earnings-growth ratio of 2.44 and a beta of 0.92. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.06.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Friday, March 15th were issued a $0.38 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.52 annualized dividend and a dividend yield of 2.34%. Community Bank System’s dividend payout ratio (DPR) is currently 45.10%.

In related news, Director R Kallet Michael sold 6,725 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $62.49, for a total transaction of $420,245.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mark E. Tryniski sold 11,369 shares of the stock in a transaction dated Thursday, February 7th. The stock was sold at an average price of $62.11, for a total value of $706,128.59. Following the transaction, the chief executive officer now owns 119,497 shares of the company’s stock, valued at $7,421,958.67. The disclosure for this sale can be found here. 2.15% of the stock is owned by corporate insiders.

Several equities research analysts have issued reports on CBU shares. ValuEngine upgraded Community Bank System from a “hold” rating to a “buy” rating in a report on Wednesday, January 2nd. Zacks Investment Research upgraded Community Bank System from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a report on Friday, January 25th. Stephens started coverage on Community Bank System in a report on Tuesday, April 9th. They issued an “equal weight” rating and a $63.00 price target for the company. Finally, Boenning Scattergood restated a “hold” rating on shares of Community Bank System in a report on Wednesday, January 23rd. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $61.25.

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Community Bank System Company Profile

Community Bank System, Inc provides banking solutions. The bank offers demand deposits and interest and non-interest bearing time and savings deposits. The company's deposits include jumbo deposits and retail time deposits. It provides commercial and industrial loans, consumer loans, commercial real estate loans, and other loans and leases.

Further Reading: Dollar Cost Averaging

Earnings History for Community Bank System (NYSE:CBU)

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