Community Bank System (CBU) to Release Quarterly Earnings on Tuesday

Community Bank System (NYSE:CBU - Get Free Report) is anticipated to post its quarterly earnings results 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.

Community Bank System (NYSE:CBU - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The bank reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.05). The firm had revenue of $188.94 million for the quarter, compared to analyst estimates of $186.35 million. Community Bank System had a return on equity of 10.52% and a net margin of 18.82%. The business's revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.82 EPS. 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 NYSE CBU traded up $0.65 during trading hours on Wednesday, hitting $62.25. 188,736 shares of the stock were exchanged, compared to its average volume of 188,493. The company has a market cap of $3.27 billion, a PE ratio of 19.39 and a beta of 0.67. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.76 and a current ratio of 0.76. The company's fifty day simple moving average is $65.68 and its two-hundred day simple moving average is $60.66. Community Bank System has a 1-year low of $41.50 and a 1-year high of $73.39.

Community Bank System Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Friday, March 14th will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 2.96%. Community Bank System's payout ratio is 57.32%.

Insider Activity

In related news, Director John F. Whipple sold 3,937 shares of Community Bank System stock in a transaction on Monday, November 25th. The shares were 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 of the company's stock, valued at $425,661.30. This trade represents a 40.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.78% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on CBU shares. Raymond James raised shares of Community Bank System from a "market perform" rating to a "strong-buy" rating and set a $67.00 price objective for the company in a research note on Monday, October 28th. Keefe, Bruyette & Woods raised their price target on shares of Community Bank System from $64.00 to $74.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. Finally, Piper Sandler began coverage on shares of Community Bank System in a research note on Thursday, December 5th. They set a "neutral" rating and a $70.00 price target for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a strong buy rating to the company. According to MarketBeat.com, Community Bank System has a consensus rating of "Hold" and an average target price of $65.25.

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.

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