Brokers Issue Forecasts for CBU Q4 Earnings

Community Bank System, Inc. (NYSE:CBU - Free Report) - Analysts at DA Davidson issued their Q4 2024 earnings per share estimates for Community Bank System in a research note issued on Thursday, October 24th. DA Davidson analyst M. Navas forecasts that the bank will post earnings of $0.83 per share for the quarter. The consensus estimate for Community Bank System's current full-year earnings is $3.42 per share. DA Davidson also issued estimates for Community Bank System's FY2025 earnings at $3.70 EPS.

Community Bank System (NYSE:CBU - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The bank reported $0.83 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.88 by ($0.05). The firm had revenue of $188.94 million for the quarter, compared to analysts' expectations of $186.35 million. Community Bank System had a return on equity of 8.94% and a net margin of 15.90%. The firm's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.82 EPS.

Other equities research analysts also recently issued reports about the company. Raymond James downgraded Community Bank System from an "outperform" rating to a "market perform" rating in a report on Wednesday, July 24th. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $59.00 target price on shares of Community Bank System in a research report on Tuesday, September 10th. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $50.50.

Community Bank System Trading Down 3.3 %

Shares of Community Bank System stock traded down $1.91 during trading hours on Friday, hitting $56.50. The company's stock had a trading volume of 177,208 shares, compared to its average volume of 281,975. The business has a fifty day moving average of $58.92 and a 200 day moving average of $52.38. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.43. Community Bank System has a 1-year low of $37.99 and a 1-year high of $63.95. The company has a market capitalization of $2.98 billion, a PE ratio of 17.85 and a beta of 0.64.

Community Bank System Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 13th will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend is Friday, December 13th. Community Bank System's payout ratio is 57.86%.

Institutional Trading of Community Bank System

A number of hedge funds have recently made changes to their positions in CBU. Ausbil Investment Management Ltd grew its holdings in Community Bank System by 494.7% during the 3rd quarter. Ausbil Investment Management Ltd now owns 30,552 shares of the bank's stock worth $1,774,000 after acquiring an additional 25,415 shares in the last quarter. Fulton Bank N.A. grew its stake in Community Bank System by 9.5% in the third quarter. Fulton Bank N.A. now owns 8,078 shares of the bank's stock worth $469,000 after purchasing an additional 702 shares in the last quarter. Point72 DIFC Ltd bought a new stake in Community Bank System in the second quarter valued at about $76,000. Algert Global LLC acquired a new stake in Community Bank System during the second quarter valued at approximately $642,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in Community Bank System by 1.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 29,088 shares of the bank's stock worth $1,373,000 after buying an additional 484 shares during the last quarter. Institutional investors and hedge funds own 73.79% of the company's stock.

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.