Community Bank System (CBU) Earns “Hold” Rating from Boenning Scattergood

Boenning Scattergood reissued their hold rating on shares of Community Bank System (NYSE:CBU) in a research note released on Monday morning. Boenning Scattergood also issued estimates for Community Bank System’s Q1 2018 earnings at $0.72 EPS, Q2 2018 earnings at $0.76 EPS, Q3 2018 earnings at $0.77 EPS, Q4 2018 earnings at $0.76 EPS, FY2018 earnings at $3.00 EPS and FY2019 earnings at $3.08 EPS.

CBU has been the topic of several other research reports. Sandler O’Neill raised shares of Community Bank System from a sell rating to a hold rating in a report on Thursday, December 21st. Zacks Investment Research lowered shares of Community Bank System from a strong-buy rating to a hold rating in a report on Monday, October 2nd. Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $54.00 target price on shares of Community Bank System in a report on Friday, October 13th. Finally, DA Davidson set a $55.00 target price on shares of Community Bank System and gave the stock a hold rating in a report on Tuesday, October 24th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a strong buy rating to the stock. Community Bank System has a consensus rating of Hold and a consensus target price of $55.80.

Shares of Community Bank System (NYSE CBU) traded up $0.22 during trading on Monday, reaching $55.61. 205,700 shares of the company’s stock traded hands, compared to its average volume of 219,950. The company has a market cap of $2,810.00, a price-to-earnings ratio of 18.35, a PEG ratio of 1.91 and a beta of 1.08. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.72 and a quick ratio of 0.72. Community Bank System has a 12-month low of $48.89 and a 12-month high of $62.59.

Community Bank System (NYSE:CBU) last announced its quarterly earnings results on Monday, January 22nd. The bank reported $0.71 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.71. The firm had revenue of $139.90 million for the quarter, compared to analyst estimates of $138.09 million. Community Bank System had a net margin of 21.00% and a return on equity of 9.22%. The business’s revenue for the quarter was up 28.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.59 EPS. sell-side analysts forecast that Community Bank System will post 2.6 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 10th. Stockholders of record on Friday, December 15th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend was Thursday, December 14th. Community Bank System’s payout ratio is 44.88%.

In related news, EVP Brian D. Donahue sold 5,535 shares of the company’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $55.19, for a total transaction of $305,476.65. Following the transaction, the executive vice president now owns 43,844 shares in the company, valued at approximately $2,419,750.36. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Nicholas A. Dicerbo sold 2,000 shares of the company’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $56.00, for a total transaction of $112,000.00. Following the transaction, the director now owns 184,622 shares in the company, valued at approximately $10,338,832. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,440 shares of company stock worth $862,488. 3.20% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. NJ State Employees Deferred Compensation Plan lifted its position in Community Bank System by 20.0% during the 3rd quarter. NJ State Employees Deferred Compensation Plan now owns 12,000 shares of the bank’s stock worth $663,000 after buying an additional 2,000 shares in the last quarter. Cambridge Trust Co. acquired a new position in Community Bank System during the 3rd quarter worth about $580,000. Teachers Advisors LLC lifted its position in Community Bank System by 6.2% during the 2nd quarter. Teachers Advisors LLC now owns 91,545 shares of the bank’s stock worth $5,105,000 after buying an additional 5,372 shares in the last quarter. Vanguard Group Inc. lifted its position in Community Bank System by 7.9% during the 2nd quarter. Vanguard Group Inc. now owns 4,808,411 shares of the bank’s stock worth $268,165,000 after buying an additional 353,538 shares in the last quarter. Finally, Macquarie Group Ltd. lifted its position in Community Bank System by 4.1% during the 3rd quarter. Macquarie Group Ltd. now owns 1,181,853 shares of the bank’s stock worth $65,297,000 after buying an additional 46,753 shares in the last quarter. Institutional investors and hedge funds own 69.19% of the company’s stock.

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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.

Analyst Recommendations for Community Bank System (NYSE:CBU)

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