DA Davidson Has Optimistic Outlook of CBU FY2025 Earnings

Community Bank System, Inc. (NYSE:CBU - Free Report) - Analysts at DA Davidson boosted their FY2025 earnings per share (EPS) estimates for Community Bank System in a note issued to investors on Thursday, January 23rd. DA Davidson analyst M. Navas now expects that the bank will post earnings per share of $4.55 for the year, up from their prior forecast of $3.70. The consensus estimate for Community Bank System's current full-year earnings is $4.01 per share.

CBU has been the topic of several other reports. 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 report on Wednesday, January 22nd. Piper Sandler started coverage on shares of Community Bank System in a research note on Thursday, December 5th. They issued a "neutral" rating and a $70.00 price objective for the company. Finally, Raymond James raised Community Bank System from a "market perform" rating to a "strong-buy" rating and set a $67.00 target price on the stock in a research report on Monday, October 28th.

Community Bank System Trading Up 0.9 %

CBU traded up $0.59 during trading on Monday, hitting $66.24. 267,107 shares of the stock were exchanged, compared to its average volume of 241,482. Community Bank System has a 1 year low of $41.50 and a 1 year high of $73.39. The firm has a market cap of $3.48 billion, a price-to-earnings ratio of 19.26 and a beta of 0.67. The firm has a 50 day simple moving average of $64.97 and a 200 day simple moving average of $61.72. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.76 and a current ratio of 0.76.

Community Bank System (NYSE:CBU - Get Free Report) last issued its quarterly 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 during the quarter, compared to the consensus estimate of $190,950 billion. During the same period last year, the company earned $0.76 earnings per share. Community Bank System's revenue was up 10.8% on a year-over-year basis.

Community Bank System Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Friday, March 14th will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date is Friday, March 14th. Community Bank System's payout ratio is currently 53.49%.

Insider Buying and Selling

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 value of $287,794.70. Following the completion of the sale, the director now directly owns 5,823 shares in the company, valued at approximately $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 SEC, which can be accessed through the SEC website. 1.89% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Community Bank System

Several hedge funds have recently modified their holdings of the stock. Assenagon Asset Management S.A. lifted its position in Community Bank System by 699.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 144,817 shares of the bank's stock worth $8,932,000 after acquiring an additional 126,700 shares during the period. Jane Street Group LLC raised its stake in shares of Community Bank System by 151.8% in the third quarter. Jane Street Group LLC now owns 127,227 shares of the bank's stock worth $7,388,000 after purchasing an additional 76,703 shares during the last quarter. Barclays PLC lifted its holdings in shares of Community Bank System by 99.0% during the third quarter. Barclays PLC now owns 109,647 shares of the bank's stock worth $6,367,000 after purchasing an additional 54,554 shares during the period. Algert Global LLC increased its holdings in Community Bank System by 371.9% in the 3rd quarter. Algert Global LLC now owns 64,193 shares of the bank's stock worth $3,728,000 after buying an additional 50,590 shares during the period. Finally, Quest Partners LLC purchased a new position in Community Bank System during the 3rd quarter worth approximately $1,551,000. Institutional investors and hedge funds own 73.79% of the company's stock.

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.