Wall Street analysts expect Community Bank System, Inc. (NYSE:CBU) to report earnings per share (EPS) of $0.81 for the current quarter, Zacks reports. Four analysts have issued estimates for Community Bank System’s earnings. The lowest EPS estimate is $0.78 and the highest is $0.84. Community Bank System posted earnings per share of $0.71 during the same quarter last year, which indicates a positive year-over-year growth rate of 14.1%. The business is scheduled to issue its next earnings results before the market opens on Wednesday, January 23rd.

According to Zacks, analysts expect that Community Bank System will report full-year earnings of $3.28 per share for the current fiscal year, with EPS estimates ranging from $3.25 to $3.31. For the next financial year, analysts forecast that the company will post earnings of $3.21 per share, with EPS estimates ranging from $3.15 to $3.26. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that follow Community Bank System.

Community Bank System (NYSE:CBU) last released its quarterly earnings data on Monday, October 22nd. The bank reported $0.83 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.05. The firm had revenue of $141.99 million for the quarter, compared to the consensus estimate of $141.64 million. Community Bank System had a return on equity of 10.30% and a net margin of 34.24%. During the same quarter in the previous year, the business earned $0.68 earnings per share.

A number of equities research analysts have issued reports on the company. ValuEngine cut Community Bank System from a “buy” rating to a “hold” rating in a research report on Wednesday, December 5th. Zacks Investment Research upgraded shares of Community Bank System from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a research note on Thursday, November 22nd. Finally, Boenning Scattergood restated a “hold” rating on shares of Community Bank System in a research note on Monday, October 22nd. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $58.60.

Shares of CBU traded up $0.14 during trading hours on Friday, hitting $62.01. The company had a trading volume of 4,504 shares, compared to its average volume of 209,262. The company has a market cap of $3.16 billion, a P/E ratio of 22.23, a P/E/G ratio of 2.40 and a beta of 1.02. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.06. Community Bank System has a 52-week low of $50.72 and a 52-week high of $67.07.

The company also recently announced a quarterly dividend, which was paid on Thursday, January 10th. Shareholders of record on Friday, December 14th were paid a $0.38 dividend. The ex-dividend date of this dividend was Thursday, December 13th. This represents a $1.52 annualized dividend and a yield of 2.45%. Community Bank System’s dividend payout ratio (DPR) is 54.48%.

In other Community Bank System news, Director R Kallet Michael sold 1,700 shares of the firm’s stock in a transaction that occurred on Tuesday, December 11th. The shares were sold at an average price of $60.80, for a total value of $103,360.00. Following the completion of the sale, the director now directly owns 1,300 shares in the company, valued at $79,040. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.34% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of CBU. State of Alaska Department of Revenue grew its position in shares of Community Bank System by 2.0% in the fourth quarter. State of Alaska Department of Revenue now owns 17,120 shares of the bank’s stock valued at $998,000 after purchasing an additional 330 shares during the period. Vanguard Group Inc boosted its position in Community Bank System by 1.9% during the third quarter. Vanguard Group Inc now owns 5,628,200 shares of the bank’s stock worth $343,714,000 after acquiring an additional 104,088 shares during the last quarter. Federated Investors Inc. PA boosted its position in Community Bank System by 68,296.1% during the third quarter. Federated Investors Inc. PA now owns 949,338 shares of the bank’s stock worth $57,976,000 after acquiring an additional 947,950 shares during the last quarter. Vanguard Group Inc. boosted its position in Community Bank System by 1.9% during the third quarter. Vanguard Group Inc. now owns 5,628,200 shares of the bank’s stock worth $343,714,000 after acquiring an additional 104,088 shares during the last quarter. Finally, Morgan Stanley boosted its position in Community Bank System by 35.5% during the third quarter. Morgan Stanley now owns 260,828 shares of the bank’s stock worth $15,929,000 after acquiring an additional 68,279 shares during the last quarter. 70.61% of the stock is owned by institutional investors and hedge funds.

About Community Bank System

Community Bank System, Inc operates as the bank holding company for Community Bank, N.A. that provides various banking and 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 accounts, as well as time deposits.

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

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