Analysts forecast that Community Bank System, Inc. (NYSE:CBU) will announce $142.54 million in sales for the current quarter, Zacks reports. Four analysts have made estimates for Community Bank System’s earnings, with estimates ranging from $140.10 million to $143.80 million. Community Bank System reported sales of $139.92 million in the same quarter last year, which indicates a positive year-over-year growth rate of 1.9%. The company is expected to announce its next earnings report on Monday, January 28th.
According to Zacks, analysts expect that Community Bank System will report full-year sales of $570.86 million for the current fiscal year, with estimates ranging from $567.60 million to $573.74 million. For the next fiscal year, analysts anticipate that the business will report sales of $578.59 million, with estimates ranging from $577.81 million to $579.50 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Community Bank System.
Community Bank System (NYSE:CBU) last posted its quarterly earnings results on Monday, October 22nd. The bank reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.05. Community Bank System had a return on equity of 10.30% and a net margin of 34.24%. The business had revenue of $141.99 million for the quarter, compared to analyst estimates of $141.64 million. During the same period last year, the company earned $0.68 EPS.
A number of institutional investors have recently bought and sold shares of CBU. BlackRock Inc. lifted its holdings in shares of Community Bank System by 3.7% during the 3rd quarter. BlackRock Inc. now owns 7,379,973 shares of the bank’s stock valued at $450,695,000 after purchasing an additional 262,452 shares during the last quarter. Vanguard Group Inc. grew its position in Community Bank System by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 5,628,200 shares of the bank’s stock worth $343,714,000 after purchasing an additional 104,088 shares during the period. Northern Trust Corp grew its position in Community Bank System by 1.0% during the 2nd quarter. Northern Trust Corp now owns 1,471,201 shares of the bank’s stock worth $86,904,000 after purchasing an additional 15,214 shares during the period. Bank of New York Mellon Corp grew its position in shares of Community Bank System by 3.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 757,782 shares of the bank’s stock valued at $46,278,000 after acquiring an additional 23,652 shares during the period. Finally, Principal Financial Group Inc. grew its position in shares of Community Bank System by 2.8% during the 1st quarter. Principal Financial Group Inc. now owns 394,541 shares of the bank’s stock valued at $21,131,000 after acquiring an additional 10,635 shares during the period. Institutional investors own 70.65% of the company’s stock.
Shares of CBU traded down $3.85 on Tuesday, reaching $61.47. The stock had a trading volume of 259,132 shares, compared to its average volume of 214,213. The stock has a market cap of $3.36 billion, a PE ratio of 22.03, a PEG ratio of 2.44 and a beta of 0.98. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.06. Community Bank System has a 12-month low of $50.72 and a 12-month high of $67.07.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 10th. Investors of record on Friday, December 14th will be paid a $0.38 dividend. The ex-dividend date is Thursday, December 13th. This represents a $1.52 annualized dividend and a yield of 2.47%. Community Bank System’s dividend payout ratio (DPR) is currently 54.48%.
About Community Bank System
Community Bank System, Inc operates as the bank holding company for Community Bank, N.A. that provides various banking and 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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