Community Bank System (CBU) Scheduled to Post Earnings on Monday

Community Bank System (NYSE:CBUGet Rating) is set to announce its earnings results before the market opens on Monday, April 25th. Analysts expect the company to announce earnings of $0.75 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Community Bank System (NYSE:CBUGet Rating) last announced its quarterly earnings results on Monday, January 24th. The bank reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.01. Community Bank System had a net margin of 29.94% and a return on equity of 9.28%. The company had revenue of $159.68 million during the quarter, compared to analyst estimates of $157.27 million. During the same quarter in the previous year, the business earned $0.85 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.

Shares of CBU stock opened at $67.87 on Monday. Community Bank System has a 12-month low of $65.00 and a 12-month high of $82.10. The firm has a market capitalization of $3.66 billion, a price-to-earnings ratio of 19.50 and a beta of 0.66. The firm has a fifty day moving average of $71.18 and a 200-day moving average of $72.55.

The company also recently declared a quarterly dividend, which was paid on Monday, April 11th. Stockholders of record on Tuesday, March 15th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 2.53%. The ex-dividend date was Monday, March 14th. Community Bank System’s dividend payout ratio (DPR) is 49.43%.

Several equities analysts have recently issued reports on CBU shares. Zacks Investment Research lowered shares of Community Bank System from a “buy” rating to a “hold” rating in a report on Tuesday, March 29th. StockNews.com initiated coverage on shares of Community Bank System in a report on Thursday, March 31st. They issued a “hold” rating for the company.

In other Community Bank System news, insider Jeffrey M. Levy sold 954 shares of the firm’s stock in a transaction that occurred on Monday, March 28th. The stock was sold at an average price of $70.54, for a total value of $67,295.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.63% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. Zullo Investment Group Inc. acquired a new position in Community Bank System in the 4th quarter worth about $178,000. Deutsche Bank AG increased its stake in shares of Community Bank System by 4.3% in the fourth quarter. Deutsche Bank AG now owns 37,676 shares of the bank’s stock valued at $2,806,000 after buying an additional 1,562 shares during the period. California State Teachers Retirement System increased its stake in shares of Community Bank System by 2.4% in the fourth quarter. California State Teachers Retirement System now owns 74,819 shares of the bank’s stock valued at $5,573,000 after buying an additional 1,733 shares during the period. Parametric Portfolio Associates LLC increased its stake in shares of Community Bank System by 12.2% in the fourth quarter. Parametric Portfolio Associates LLC now owns 125,794 shares of the bank’s stock valued at $9,369,000 after buying an additional 13,643 shares during the period. Finally, Thrivent Financial for Lutherans increased its stake in shares of Community Bank System by 0.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 43,890 shares of the bank’s stock valued at $3,269,000 after buying an additional 308 shares during the period. Institutional investors and hedge funds own 69.60% of the company’s stock.

Community Bank System Company Profile (Get Rating)

Community Bank System, Inc is a holding company, which engages in the provision of retail, business, and municipal banking services. It operates through the following segments: Banking, Employee Benefit Services, and All Other. The Banking segment offers an array of lending and depository-related products and services to individuals, businesses, and municipal enterprises.

Further Reading

Earnings History for Community Bank System (NYSE:CBU)

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