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

Community Bank System (NYSE:CBU) will announce 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. Parties that are interested in participating in the company’s conference call can do so using this link.

Community Bank System (NYSE:CBU) last posted its earnings results on Tuesday, January 23rd. The bank reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.08). The firm had revenue of $177.00 million for the quarter, compared to analyst estimates of $175.25 million. Community Bank System had a net margin of 13.78% and a return on equity of 9.15%. The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.96 earnings per share. 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 Trading Down 0.8 %

Shares of NYSE:CBU opened at $42.57 on Tuesday. The company has a 50 day moving average of $45.33 and a 200-day moving average of $45.84. The firm has a market cap of $2.25 billion, a P/E ratio of 16.83 and a beta of 0.66. Community Bank System has a twelve month low of $35.38 and a twelve month high of $55.64. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.27.

Community Bank System Dividend Announcement

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

Insiders Place Their Bets

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

Institutional Trading of Community Bank System

Several institutional investors and hedge funds have recently added to or reduced their stakes in CBU. Raymond James & Associates increased its position in Community Bank System by 1.0% during the first quarter. Raymond James & Associates now owns 17,408 shares of the bank’s stock worth $1,221,000 after acquiring an additional 167 shares during the period. Metropolitan Life Insurance Co NY increased its holdings in Community Bank System by 5.8% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 3,377 shares of the bank’s stock valued at $213,000 after buying an additional 186 shares during the period. Resources Management Corp CT ADV increased its holdings in Community Bank System by 2.7% in the 2nd quarter. Resources Management Corp CT ADV now owns 8,250 shares of the bank’s stock valued at $387,000 after buying an additional 218 shares during the period. Covestor Ltd increased its holdings in Community Bank System by 82.8% in the 1st quarter. Covestor Ltd now owns 585 shares of the bank’s stock valued at $41,000 after buying an additional 265 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its holdings in Community Bank System by 1.3% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 21,622 shares of the bank’s stock valued at $1,368,000 after buying an additional 275 shares during the period. 73.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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