Wall Street analysts predict that Community Bank System, Inc. (NYSE:CBU) will post sales of $143.85 million for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Community Bank System’s earnings. The highest sales estimate is $144.20 million and the lowest is $143.42 million. Community Bank System posted sales of $143.41 million in the same quarter last year, which suggests a positive year-over-year growth rate of 0.3%. The business is scheduled to report its next quarterly earnings results before the market opens on Monday, July 22nd.

According to Zacks, analysts expect that Community Bank System will report full year sales of $590.02 million for the current financial year, with estimates ranging from $586.70 million to $592.20 million. For the next fiscal year, analysts forecast that the company will post sales of $622.07 million, with estimates ranging from $614.70 million to $630.00 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Community Bank System.

Community Bank System (NYSE:CBU) last posted its quarterly earnings data on Monday, April 22nd. The bank reported $0.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.05. The firm had revenue of $142.60 million during the quarter, compared to analysts’ expectations of $142.48 million. Community Bank System had a net margin of 28.93% and a return on equity of 10.49%. The firm’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter last year, the company posted $0.78 EPS.

CBU has been the subject of several recent research reports. Stephens initiated coverage on shares of Community Bank System in a research report on Tuesday, April 9th. They issued an “equal weight” rating and a $63.00 price target for the company. ValuEngine raised shares of Zuora from a “hold” rating to a “buy” rating in a research report on Saturday, July 6th. Finally, Zacks Investment Research cut shares of H&E Equipment Services from a “hold” rating to a “sell” rating in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $67.50.

In other news, Director Brian R. Ace sold 4,471 shares of the firm’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $65.78, for a total value of $294,102.38. Following the sale, the director now directly owns 61,910 shares in the company, valued at approximately $4,072,439.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director R Kallet Michael sold 3,100 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $64.83, for a total transaction of $200,973.00. Following the completion of the sale, the director now owns 52,909 shares in the company, valued at $3,430,090.47. The disclosure for this sale can be found here. Company insiders own 2.15% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. State of Alaska Department of Revenue raised its holdings in shares of Community Bank System by 1.0% in the 1st quarter. State of Alaska Department of Revenue now owns 17,295 shares of the bank’s stock valued at $1,033,000 after purchasing an additional 175 shares in the last quarter. Empire Life Investments Inc. raised its holdings in shares of Community Bank System by 3.6% in the 1st quarter. Empire Life Investments Inc. now owns 8,560 shares of the bank’s stock valued at $512,000 after purchasing an additional 297 shares in the last quarter. Crossmark Global Holdings Inc. raised its holdings in shares of Community Bank System by 4.6% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 7,307 shares of the bank’s stock valued at $481,000 after purchasing an additional 322 shares in the last quarter. Arizona State Retirement System raised its stake in Community Bank System by 0.4% during the 1st quarter. Arizona State Retirement System now owns 79,165 shares of the bank’s stock worth $4,732,000 after acquiring an additional 339 shares in the last quarter. Finally, Anchor Capital Advisors LLC raised its stake in Community Bank System by 0.8% during the 1st quarter. Anchor Capital Advisors LLC now owns 45,732 shares of the bank’s stock worth $2,733,000 after acquiring an additional 343 shares in the last quarter. Institutional investors and hedge funds own 71.31% of the company’s stock.

Shares of NYSE:CBU traded up $0.37 during mid-day trading on Monday, reaching $64.66. 3,134 shares of the company were exchanged, compared to its average volume of 168,601. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market cap of $3.33 billion, a price-to-earnings ratio of 19.20, a price-to-earnings-growth ratio of 2.46 and a beta of 0.99. The company has a 50-day moving average price of $64.43. Community Bank System has a 1 year low of $54.46 and a 1 year high of $67.79.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 10th. Shareholders of record on Friday, June 14th were given a $0.38 dividend. The ex-dividend date was Thursday, June 13th. This represents a $1.52 annualized dividend and a yield of 2.35%. Community Bank System’s dividend payout ratio is presently 45.10%.

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, 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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