Community Bank System (CBU) Earning Somewhat Favorable News Coverage, Report Finds

News articles about Community Bank System (NYSE:CBU) have trended somewhat positive this week, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Community Bank System earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave news coverage about the bank an impact score of 48.220972024749 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

These are some of the news articles that may have impacted Accern Sentiment’s rankings:

Shares of Community Bank System (NYSE:CBU) traded up 0.17% on Friday, hitting $54.55. The stock had a trading volume of 188,546 shares. The company has a market capitalization of $2.76 billion, a price-to-earnings ratio of 26.09 and a beta of 1.10. Community Bank System has a 52 week low of $45.79 and a 52 week high of $63.04. The company has a 50-day moving average of $54.12 and a 200 day moving average of $54.56.

Community Bank System (NYSE:CBU) last issued its quarterly earnings results on Monday, October 23rd. The bank reported $0.73 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.06. The company had revenue of $137.30 million during the quarter, compared to the consensus estimate 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 revenue was up 26.7% on a year-over-year basis. During the same period last year, the business posted $0.61 earnings per share. On average, equities research analysts predict that Community Bank System will post $2.58 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 10th. Investors of record on Friday, September 15th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.49%. This is an increase from Community Bank System’s previous quarterly dividend of $0.32. The ex-dividend date was Thursday, September 14th. Community Bank System’s dividend payout ratio (DPR) is presently 62.10%.

Several research analysts have weighed in on CBU shares. BidaskClub lowered Community Bank System from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Community Bank System in a research report on Wednesday, August 2nd. Piper Jaffray Companies reaffirmed a “hold” rating and set a $51.00 price target on shares of Community Bank System in a research report on Thursday, August 3rd. Zacks Investment Research raised Community Bank System from a “hold” rating to a “strong-buy” rating and set a $58.00 price target on the stock in a research report on Tuesday, September 12th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $54.00 price target on shares of Community Bank System in a research report on Friday, October 13th. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The stock has an average rating of “Hold” and an average target price of $55.20.

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In related news, Director Brian R. Ace sold 5,457 shares of the stock in a transaction that occurred on Tuesday, September 26th. The stock was sold at an average price of $53.35, for a total transaction of $291,130.95. Following the completion of the sale, the director now directly owns 55,647 shares of the company’s stock, valued at $2,968,767.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Eric Stickels sold 5,000 shares of the stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $53.24, for a total value of $266,200.00. Following the sale, the director now directly owns 11,345 shares of the company’s stock, valued at $604,007.80. The disclosure for this sale can be found here. Insiders have sold 20,457 shares of company stock valued at $1,085,081 over the last ninety days. 3.20% of the stock is currently owned by company insiders.

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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