Community Bank System (NYSE:CBU) Releases Earnings Results, Misses Estimates By $0.05 EPS

Community Bank System (NYSE:CBU) posted its quarterly earnings results on Tuesday. The bank reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.05), Yahoo Finance reports. The company had revenue of $188.94 million for the quarter, compared to the consensus estimate of $186.35 million. Community Bank System had a net margin of 15.90% and a return on equity of 8.94%. The business’s revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.82 EPS.

Community Bank System Stock Up 0.1 %

Shares of CBU stock opened at $58.48 on Friday. Community Bank System has a fifty-two week low of $37.99 and a fifty-two week high of $63.95. The firm has a market capitalization of $3.09 billion, a PE ratio of 18.36 and a beta of 0.64. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.76 and a current ratio of 0.76. The stock’s 50-day simple moving average is $58.92 and its 200-day simple moving average is $52.38.

Community Bank System Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 13th will be given a dividend of $0.46 per share. The ex-dividend date is Friday, December 13th. This represents a $1.84 dividend on an annualized basis and a yield of 3.15%. Community Bank System’s dividend payout ratio is currently 57.86%.

Analyst Ratings Changes

Several brokerages have recently commented on CBU. Raymond James lowered Community Bank System from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 24th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $59.00 price target on shares of Community Bank System in a report on Tuesday, September 10th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $50.50.

Community Bank System Company Profile

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.