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

Community Bank System (NYSE:CBU) will be announcing its earnings results before the market opens on Tuesday, April 23rd. Analysts expect the company to announce earnings of $0.79 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Community Bank System (NYSE:CBU) last announced its earnings results on Tuesday, January 23rd. The bank reported $0.76 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.08). Community Bank System had a net margin of 13.78% and a return on equity of 9.15%. The business had revenue of $177.00 million for the quarter, compared to the consensus estimate of $175.25 million. During the same quarter in the previous year, the company earned $0.96 EPS. The firm’s revenue for the quarter was up .6% on a year-over-year basis. On average, analysts expect Community Bank System to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Community Bank System Stock Down 0.8 %

Shares of Community Bank System stock opened at $42.57 on Tuesday. Community Bank System has a one year low of $35.38 and a one year high of $55.64. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.74 and a quick ratio of 0.74. The stock’s 50-day moving average is $45.33 and its 200 day moving average is $45.84. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of 16.83 and a beta of 0.66.

Community Bank System Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Friday, March 15th were issued a $0.45 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.80 annualized dividend and a yield of 4.23%. Community Bank System’s payout ratio is currently 71.15%.

Insider Transactions at Community Bank System

In related news, Director Mark J. Bolus sold 3,631 shares of Community Bank System stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $45.00, for a total transaction of $163,395.00. Following the completion of the sale, the director now owns 96,364 shares of the company’s stock, valued at $4,336,380. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Mark J. Bolus sold 3,631 shares of Community Bank System stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $45.00, for a total value of $163,395.00. Following the transaction, the director now owns 96,364 shares in the company, valued at $4,336,380. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Dimitar Karaivanov acquired 1,000 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The stock was bought at an average price of $43.70 per share, for a total transaction of $43,700.00. Following the acquisition, the chief executive officer now owns 16,265 shares of the company’s stock, valued at approximately $710,780.50. The disclosure for this purchase can be found here. Corporate insiders own 1.78% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Lazard Asset Management LLC purchased a new stake in Community Bank System during the 4th quarter valued at $31,000. Eagle Bay Advisors LLC purchased a new stake in Community Bank System in the 2nd quarter worth $32,000. Covestor Ltd increased its stake in Community Bank System by 82.8% in the 1st quarter. Covestor Ltd now owns 585 shares of the bank’s stock worth $41,000 after buying an additional 265 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in Community Bank System in the 4th quarter worth $50,000. Finally, Benjamin Edwards Inc. boosted its holdings in shares of Community Bank System by 121.6% during the 2nd quarter. Benjamin Edwards Inc. now owns 1,212 shares of the bank’s stock valued at $57,000 after purchasing an additional 665 shares during the last quarter. Hedge funds and other institutional investors own 73.79% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. DA Davidson reissued a “neutral” rating and issued a $50.00 price objective on shares of Community Bank System in a research note on Thursday, March 14th. Raymond James increased their price objective on Community Bank System from $45.00 to $55.00 and gave the stock an “outperform” rating in a research note on Friday, January 5th. Finally, StockNews.com raised Community Bank System to a “sell” rating in a research report on Friday, January 19th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Community Bank System presently has an average rating of “Hold” and an average price target of $47.67.

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.