Community Bank System, Inc. (NYSE:CBU – Get Rating) – Investment analysts at DA Davidson issued their Q2 2022 EPS estimates for Community Bank System in a research report issued to clients and investors on Tuesday, April 26th. DA Davidson analyst R. Gunther anticipates that the bank will post earnings per share of $0.80 for the quarter. DA Davidson also issued estimates for Community Bank System’s FY2022 earnings at $3.65 EPS and FY2023 earnings at $4.00 EPS.
A number of other brokerages have also weighed in on CBU. StockNews.com assumed coverage on shares of Community Bank System in a report on Thursday, March 31st. They issued a “hold” rating for the company. Zacks Investment Research lowered shares of Community Bank System from a “buy” rating to a “hold” rating in a report on Tuesday, March 29th.
Community Bank System (NYSE:CBU – Get Rating) last posted its earnings results on Monday, April 25th. The bank reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.11. Community Bank System had a net margin of 29.94% and a return on equity of 9.28%. During the same period in the previous year, the company earned $0.97 earnings per share.
The business also recently declared a quarterly dividend, which was paid on Monday, April 11th. Investors of record on Tuesday, March 15th were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date of this dividend was Monday, March 14th. Community Bank System’s dividend payout ratio is currently 49.43%.
In other Community Bank System news, insider Jeffrey M. Levy sold 954 shares of Community Bank System stock in a transaction on Monday, March 28th. The shares were sold at an average price of $70.54, for a total transaction of $67,295.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.63% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Lazard Asset Management LLC acquired a new stake in Community Bank System during the 4th quarter worth $29,000. CWM LLC boosted its position in shares of Community Bank System by 683.9% during the first quarter. CWM LLC now owns 439 shares of the bank’s stock worth $31,000 after purchasing an additional 383 shares in the last quarter. Gemmer Asset Management LLC boosted its position in shares of Community Bank System by 115.2% during the first quarter. Gemmer Asset Management LLC now owns 609 shares of the bank’s stock worth $42,000 after purchasing an additional 326 shares in the last quarter. AdvisorNet Financial Inc bought a new position in shares of Community Bank System during the fourth quarter worth $53,000. Finally, Eagle Bay Advisors LLC boosted its position in shares of Community Bank System by 100.0% during the third quarter. Eagle Bay Advisors LLC now owns 1,000 shares of the bank’s stock worth $68,000 after purchasing an additional 500 shares in the last quarter. 69.60% of the stock is owned by hedge funds and other institutional investors.
About Community Bank System (Get Rating)
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, and municipal customers. It operates through three segments: Banking, Employee Benefit Services, and All Other. The company offers various deposits products, such as checking, savings, and money market deposit accounts, as well as time deposits.
- Get a free copy of the StockNews.com research report on Community Bank System (CBU)
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