Stock analysts expect Community Bank System, Inc. (NYSE:CBU – Get Rating) to post earnings of $0.76 per share for the current fiscal quarter, according to Zacks. Three analysts provided earnings estimates for Community Bank System. The highest EPS estimate is $0.79 and the lowest is $0.74. Community Bank System reported earnings per share of $0.97 in the same quarter last year, suggesting a negative 21.6% year-over-year growth rate. The company is expected to announce its next earnings report before the market opens on Monday, January 1.
On average, analysts expect Community Bank System to report annual earnings of $3.29 per share for the current year, with EPS estimates ranging from $3.15 to $3.45. For next year, analysts expect the company to report earnings of $3.56 per share, with EPS estimates ranging from $3.20 to $3.80. Zacks Investment Research’s EPS averages are an average average based on a survey of sell-side analysts who follow Community Bank System.
Community Bank System (NYSE:CBU – Get Rating) last released its quarterly results on Monday, January 24. The bank reported earnings per share (EPS) of $0.81 for the quarter, beating consensus analyst estimates of $0.80 by $0.01. Community Bank System had a return on equity of 9.28% and a net margin of 29.94%. The company posted revenue of $159.68 million for the quarter, versus analyst estimates of $157.27 million. In the same quarter last year, the company achieved EPS of $0.85.
CBU has been the subject of a number of recent analyst reports. StockNews.com launched coverage on Community Bank System in a Thursday, March 31 report. They issued a “holding” rating on the stock. Zacks Investment Research downgraded Community Bank System from a “buy” rating to a “hold” rating in a Tuesday, March 29 report.
CBU opened at $67.84 on Friday. Community Bank System has a one-year minimum of $65.00 and a one-year maximum of $82.10. The company has a market capitalization of $3.66 billion, a P/E ratio of 19.49 and a beta of 0.66. The company’s 50-day simple moving average is $70.83 and its 200-day simple moving average is $72.48.
The company also recently declared a quarterly dividend, which was paid on Monday, April 11. Investors of record on Tuesday, March 15 received a dividend of $0.43 per share. The ex-dividend date was Monday, March 14. This represents a dividend of $1.72 on an annualized basis and a yield of 2.54%. Community Bank System’s dividend payout ratio is currently 49.43%.
Separately, insider Jeffrey M. Levy sold 954 shares of the company in a trade that took place on Monday, March 28. The stock was sold at an average price of $70.54, for a total transaction of $67,295.16. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders of the company own 1.75% of the shares of the company.
Hedge funds have recently changed their positions in the business. Lazard Asset Management LLC bought a new position in shares of Community Bank System in Q4 worth approximately $29,000. CWM LLC increased its stake in Community Bank System shares by 683.9% in Q1. CWM LLC now owns 439 shares of the bank valued at $31,000 after buying 383 additional shares in the last quarter. Gemmer Asset Management LLC increased its stake in Community Bank System shares by 115.2% in Q1. Gemmer Asset Management LLC now owns 609 shares of the bank valued at $42,000 after buying 326 additional shares in the last quarter. AdvisorNet Financial Inc bought a new position in Community Bank System stock in Q4 worth approximately $53,000. Finally, Eagle Bay Advisors LLC increased its equity stake in Community Bank System by 100.0% in the third quarter. Eagle Bay Advisors LLC now owns 1,000 shares of the bank valued at $68,000 after purchasing an additional 500 shares during the period. Institutional investors hold 69.60% of the company’s shares.
About Community Banking (Get an evaluation)
Community Bank System, Inc. operates as a bank holding company for Community Bank, NA, which provides various banking and other financial services to retail, commercial and municipal customers. It operates through three segments: Banking, Employee Benefits Services and All Others. The Company offers various deposit products, such as checking, savings and money market deposit accounts, as well as term deposits.
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