Equities analysts expect Community Bank System, Inc. (NYSE:CBU) to post sales of $138.73 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Community Bank System’s earnings. The lowest sales estimate is $137.50 million and the highest is $140.08 million. Community Bank System posted sales of $109.19 million during the same quarter last year, which suggests a positive year over year growth rate of 27.1%. The firm is expected to report its next earnings results on Monday, January 22nd.

According to Zacks, analysts expect that Community Bank System will report full-year sales of $138.73 million for the current year, with estimates ranging from $516.79 million to $525.37 million. For the next fiscal year, analysts forecast that the firm will post sales of $556.72 million per share, with estimates ranging from $549.05 million to $564.29 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Community Bank System.

Community Bank System (NYSE:CBU) last released its quarterly earnings results on Monday, October 23rd. The bank reported $0.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.06. The firm had revenue of $137.30 million during the quarter, compared to analysts’ expectations of $138.74 million. Community Bank System had a return on equity of 9.22% and a net margin of 21.00%. Community Bank System’s quarterly revenue was up 26.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.61 EPS.

A number of brokerages have issued reports on CBU. Zacks Investment Research lowered Community Bank System from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 2nd. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $51.00 target price on shares of Community Bank System in a research report on Thursday, August 3rd. BidaskClub raised Community Bank System from a “strong sell” rating to a “sell” rating in a research report on Friday, August 4th. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Community Bank System in a research report on Wednesday, August 2nd. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $54.00 target price on shares of Community Bank System in a research report on Friday, October 13th. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. Community Bank System currently has a consensus rating of “Hold” and a consensus price target of $55.20.

In related news, Director R Kallet Michael sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $52.55, for a total transaction of $262,750.00. Following the sale, the director now directly owns 16,603 shares of the company’s stock, valued at approximately $872,487.65. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Brian R. Ace sold 5,457 shares of the company’s stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $53.35, for a total value of $291,130.95. Following the sale, the director now directly owns 55,647 shares in the company, valued at $2,968,767.45. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,457 shares of company stock worth $1,085,081. 3.20% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of CBU. OppenheimerFunds Inc. raised its position in shares of Community Bank System by 54.4% during the 1st quarter. OppenheimerFunds Inc. now owns 6,503 shares of the bank’s stock valued at $358,000 after acquiring an additional 2,292 shares in the last quarter. Teachers Advisors LLC raised its position in shares of Community Bank System by 2.5% during the 1st quarter. Teachers Advisors LLC now owns 86,173 shares of the bank’s stock valued at $4,738,000 after acquiring an additional 2,125 shares in the last quarter. KCG Holdings Inc. acquired a new stake in shares of Community Bank System during the 1st quarter valued at approximately $238,000. Bank of America Corp DE raised its position in shares of Community Bank System by 60.4% during the 1st quarter. Bank of America Corp DE now owns 85,250 shares of the bank’s stock valued at $4,687,000 after acquiring an additional 32,090 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Community Bank System by 36.4% during the 1st quarter. AQR Capital Management LLC now owns 24,759 shares of the bank’s stock valued at $1,361,000 after acquiring an additional 6,606 shares in the last quarter. 69.08% of the stock is currently owned by institutional investors and hedge funds.

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Community Bank System (CBU) opened at $52.93 on Friday. Community Bank System has a fifty-two week low of $48.89 and a fifty-two week high of $63.04. The firm has a market capitalization of $2,650.00, a P/E ratio of 19.27, a price-to-earnings-growth ratio of 2.00 and a beta of 1.09. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.72 and a quick ratio of 0.72.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Friday, December 15th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date of this dividend is Thursday, December 14th. Community Bank System’s payout ratio is 63.85%.

About Community Bank System

Community Bank System, Inc is a bank holding company. The Company owns two subsidiaries: Community Bank, N.A. (CBNA or the Bank) and Benefit Plans Administrative Services, Inc (BPAS). It operates in three segments: banking, employee benefit services, and All Other. The Banking segment provides lending and depository-related products and services to individuals, businesses and municipal enterprises.

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Earnings History and Estimates for Community Bank System (NYSE:CBU)

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