Community Bank System, Inc. (CBU) Expected to Post Quarterly Sales of $138.73 Million

Wall Street analysts expect Community Bank System, Inc. (NYSE:CBU) to announce $138.73 million in sales for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Community Bank System’s earnings, with estimates ranging from $137.50 million to $140.08 million. Community Bank System posted sales of $109.19 million in 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 quarterly earnings report on Monday, January 22nd.

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

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

CBU has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Community Bank System from a “hold” rating to a “strong-buy” rating and set a $58.00 target price on the stock in a report on Tuesday, September 12th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $54.00 price target on shares of Community Bank System in a report on Friday, October 13th. DA Davidson set a $55.00 target price on Community Bank System and gave the company a “hold” rating in a research note on Tuesday, October 24th. They noted that the move was a valuation call. Finally, Sandler O’Neill raised Community Bank System from a “sell” rating to a “hold” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. The stock has an average rating of “Hold” and an average target price of $55.20.

In related news, Director Brian R. Ace sold 5,457 shares of the firm’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 transaction of $291,130.95. Following the completion of the sale, the director now owns 55,647 shares of the company’s stock, valued at $2,968,767.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director R Kallet Michael sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $56.38, for a total transaction of $422,850.00. Following the completion of the sale, the director now owns 4,103 shares in the company, valued at approximately $231,327.14. The disclosure for this sale can be found here. Insiders have sold 20,492 shares of company stock valued at $1,131,458 in the last ninety days. Insiders own 3.20% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Bank of Montreal Can increased its holdings in Community Bank System by 1.2% in the 2nd quarter. Bank of Montreal Can now owns 4,231 shares of the bank’s stock valued at $237,000 after acquiring an additional 49 shares during the last quarter. Strs Ohio increased its holdings in Community Bank System by 68.0% in the 2nd quarter. Strs Ohio now owns 4,200 shares of the bank’s stock valued at $234,000 after acquiring an additional 1,700 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in Community Bank System by 12.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 254,173 shares of the bank’s stock valued at $14,176,000 after acquiring an additional 28,306 shares during the last quarter. Arizona State Retirement System increased its holdings in Community Bank System by 10.6% in the 2nd quarter. Arizona State Retirement System now owns 25,634 shares of the bank’s stock valued at $1,430,000 after acquiring an additional 2,450 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in Community Bank System in the 2nd quarter valued at $227,000. Institutional investors and hedge funds own 69.19% of the company’s stock.

Community Bank System (CBU) opened at $54.75 on Friday. Community Bank System has a 12 month low of $48.89 and a 12 month high of $63.04. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $2,750.00, a P/E ratio of 25.70, a P/E/G ratio of 2.07 and a beta of 1.07.

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 paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date is Thursday, December 14th. Community Bank System’s dividend payout ratio is 63.85%.

WARNING: “Community Bank System, Inc. (CBU) Expected to Post Quarterly Sales of $138.73 Million” was originally reported by Community Financial News and is the property of of Community Financial News. If you are reading this news story on another domain, it was illegally stolen and republished in violation of United States & international copyright and trademark legislation. The original version of this news story can be viewed at https://www.com-unik.info/2017/12/24/community-bank-system-inc-cbu-expected-to-post-quarterly-sales-of-138-73-million.html.

Community Bank System Company Profile

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.

Get a free copy of the Zacks research report on Community Bank System (CBU)

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

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Community Bank System, Inc. (CBU) Expected to Post Quarterly Sales of $138.73 Million

Wall Street analysts expect Community Bank System, Inc. (NYSE:CBU) to announce $138.73 million in sales for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Community Bank System’s earnings, with estimates ranging from $137.50 million to $140.08 million. Community Bank System posted sales of $109.19 million in 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 quarterly earnings report on Monday, January 22nd.

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

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

CBU has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Community Bank System from a “hold” rating to a “strong-buy” rating and set a $58.00 target price on the stock in a report on Tuesday, September 12th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $54.00 price target on shares of Community Bank System in a report on Friday, October 13th. DA Davidson set a $55.00 target price on Community Bank System and gave the company a “hold” rating in a research note on Tuesday, October 24th. They noted that the move was a valuation call. Finally, Sandler O’Neill raised Community Bank System from a “sell” rating to a “hold” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. The stock has an average rating of “Hold” and an average target price of $55.20.

In related news, Director Brian R. Ace sold 5,457 shares of the firm’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 transaction of $291,130.95. Following the completion of the sale, the director now owns 55,647 shares of the company’s stock, valued at $2,968,767.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director R Kallet Michael sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $56.38, for a total transaction of $422,850.00. Following the completion of the sale, the director now owns 4,103 shares in the company, valued at approximately $231,327.14. The disclosure for this sale can be found here. Insiders have sold 20,492 shares of company stock valued at $1,131,458 in the last ninety days. Insiders own 3.20% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Bank of Montreal Can increased its holdings in Community Bank System by 1.2% in the 2nd quarter. Bank of Montreal Can now owns 4,231 shares of the bank’s stock valued at $237,000 after acquiring an additional 49 shares during the last quarter. Strs Ohio increased its holdings in Community Bank System by 68.0% in the 2nd quarter. Strs Ohio now owns 4,200 shares of the bank’s stock valued at $234,000 after acquiring an additional 1,700 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in Community Bank System by 12.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 254,173 shares of the bank’s stock valued at $14,176,000 after acquiring an additional 28,306 shares during the last quarter. Arizona State Retirement System increased its holdings in Community Bank System by 10.6% in the 2nd quarter. Arizona State Retirement System now owns 25,634 shares of the bank’s stock valued at $1,430,000 after acquiring an additional 2,450 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in Community Bank System in the 2nd quarter valued at $227,000. Institutional investors and hedge funds own 69.19% of the company’s stock.

Community Bank System (CBU) opened at $54.75 on Friday. Community Bank System has a 12 month low of $48.89 and a 12 month high of $63.04. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $2,750.00, a P/E ratio of 25.70, a P/E/G ratio of 2.07 and a beta of 1.07.

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 paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date is Thursday, December 14th. Community Bank System’s dividend payout ratio is 63.85%.

WARNING: “Community Bank System, Inc. (CBU) Expected to Post Quarterly Sales of $138.73 Million” was originally reported by Community Financial News and is the property of of Community Financial News. If you are reading this news story on another domain, it was illegally stolen and republished in violation of United States & international copyright and trademark legislation. The original version of this news story can be viewed at https://www.com-unik.info/2017/12/24/community-bank-system-inc-cbu-expected-to-post-quarterly-sales-of-138-73-million.html.

Community Bank System Company Profile

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.

Get a free copy of the Zacks research report on Community Bank System (CBU)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Community Bank System Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Community Bank System and related companies with MarketBeat.com's FREE daily email newsletter.

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