Community Bank System, Inc. (NYSE:CBU) has received an average broker rating score of 3.00 (Hold) from the four brokers that provide coverage for the company, Zacks Investment Research reports. Four investment analysts have rated the stock with a hold rating.
Brokers have set a twelve-month consensus price objective of $39.00 for the company and are predicting that the company will post $0.58 EPS for the current quarter, according to Zacks. Zacks has also assigned Community Bank System an industry rank of 48 out of 265 based on the ratings given to related companies.
Several research firms recently weighed in on CBU. RBC Capital increased their price target on Community Bank System from $38.00 to $40.00 and gave the company a “sector perform” rating in a report on Tuesday, December 8th. Zacks Investment Research downgraded Community Bank System from a “buy” rating to a “hold” rating in a research report on Friday, October 23rd. Finally, Keefe, Bruyette & Woods upped their price objective on Community Bank System from $37.50 to $38.00 in a research report on Friday, October 23rd.
Community Bank System (NYSE:CBU) opened at 39.94 on Monday. The stock has a market cap of $1.64 billion and a price-to-earnings ratio of 17.44. The firm’s 50-day moving average price is $41.30 and its 200 day moving average price is $38.73. Community Bank System has a 12 month low of $33.54 and a 12 month high of $44.11.
Community Bank System (NYSE:CBU) last released its quarterly earnings results on Thursday, October 22nd. The company reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.01. During the same quarter in the previous year, the company posted $0.59 EPS. The company had revenue of $93.70 million for the quarter, compared to analysts’ expectations of $93.84 million. The business’s quarterly revenue was up 1.4% on a year-over-year basis. On average, analysts anticipate that Community Bank System will post $2.30 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 11th. Shareholders of record on Tuesday, December 15th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend is Friday, December 11th.
In other Community Bank System news, CFO Scott Allen Kingsley sold 4,663 shares of the firm’s stock in a transaction dated Friday, November 6th. The stock was sold at an average price of $42.67, for a total value of $198,970.21. Following the transaction, the chief financial officer now directly owns 25,861 shares of the company’s stock, valued at $1,103,488.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Nicholas A. Dicerbo sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, October 27th. The shares were sold at an average price of $40.00, for a total value of $200,000.00. Following the completion of the transaction, the director now directly owns 204,567 shares in the company, valued at $8,182,680. The disclosure for this sale can be found here.
Community Bank System, Inc. is a single bank holding company. The Company wholly owns five subsidiaries: Community Bank, N.A. (NYSE:CBU), Benefit Plans Administrative Services, Inc. (BPAS), CFSI Closeout Corp. (CFSICC), First of Jermyn Realty Company, Inc. (FJRC) and Town & Country Agency LLC (T&C). The Company operates in three segments: banking, employee benefit services and wealth management services. The Banking segment provides an array of lending and depository-related products and services. Employee benefit services segment is engaged in providing employee benefit trust, collective investment fund, retirement plan administration, actuarial, VEBA or HRA and health and welfare consulting services. Wealth management services activities include trust services provided by the personal trust unit of CBNA, investment and insurance products and services provided by CISI and CBNA Insurance and asset advisory services provided by Nottingham.
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