Community Bank System, Inc. (NYSE:CBU) – Analysts at DA Davidson issued their Q3 2020 earnings estimates for Community Bank System in a research note issued to investors on Tuesday, July 28th. DA Davidson analyst R. Gunther expects that the bank will earn $0.41 per share for the quarter. DA Davidson also issued estimates for Community Bank System’s FY2020 earnings at $2.05 EPS.

Other equities research analysts also recently issued reports about the company. Stephens began coverage on Community Bank System in a report on Monday, June 1st. They issued an “equal weight” rating on the stock. Zacks Investment Research raised Community Bank System from a “sell” rating to a “hold” rating and set a $63.00 price objective on the stock in a research note on Monday, June 22nd.

Shares of NYSE CBU opened at $56.23 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.76 and a current ratio of 0.79. The business’s 50 day moving average price is $56.16 and its 200-day moving average price is $60.71. Community Bank System has a fifty-two week low of $47.01 and a fifty-two week high of $72.63. The company has a market cap of $2.93 billion, a price-to-earnings ratio of 18.81 and a beta of 0.78.

Community Bank System (NYSE:CBU) last issued its quarterly earnings results on Monday, July 27th. The bank reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.16. Community Bank System had a return on equity of 8.69% and a net margin of 25.46%. The firm had revenue of $144.90 million for the quarter, compared to the consensus estimate of $147.27 million. During the same period in the prior year, the business posted $0.80 earnings per share. The company’s revenue for the quarter was down 2.8% on a year-over-year basis.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 15th were paid a $0.41 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $1.64 annualized dividend and a yield of 2.92%. Community Bank System’s dividend payout ratio (DPR) is currently 49.85%.

In related news, Director R Kallet Michael sold 3,000 shares of the stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $60.85, for a total value of $182,550.00. Following the transaction, the director now owns 43,909 shares of the company’s stock, valued at $2,671,862.65. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.10% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in CBU. Norges Bank bought a new stake in Community Bank System during the 4th quarter valued at $33,498,000. State Street Corp boosted its position in Community Bank System by 8.6% during the 1st quarter. State Street Corp now owns 4,314,669 shares of the bank’s stock valued at $255,504,000 after acquiring an additional 342,692 shares in the last quarter. BlackRock Inc. boosted its position in Community Bank System by 2.1% during the 1st quarter. BlackRock Inc. now owns 7,430,123 shares of the bank’s stock valued at $436,892,000 after acquiring an additional 155,907 shares in the last quarter. Schroder Investment Management Group bought a new stake in Community Bank System during the 1st quarter valued at $6,095,000. Finally, Elizabeth Park Capital Advisors Ltd. bought a new stake in Community Bank System during the 1st quarter valued at $4,414,000. 71.86% of the stock is currently owned by institutional investors and hedge funds.

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, 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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