Community Bank System (NYSE:CBU - Get Free Report) posted its quarterly earnings results on Tuesday. The bank reported $0.93 EPS for the quarter, beating analysts' consensus estimates of $0.91 by $0.02, Zacks reports. The business had revenue of $196.20 million for the quarter, compared to analysts' expectations of $197.13 million. Community Bank System had a return on equity of 10.94% and a net margin of 19.40%. The business's quarterly revenue was up 10.7% on a year-over-year basis. During the same period last year, the firm earned $1.18 earnings per share.
Community Bank System Price Performance
Shares of CBU traded up $1.88 during mid-day trading on Friday, hitting $56.95. 298,354 shares of the stock were exchanged, compared to its average volume of 260,941. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.76 and a current ratio of 0.76. The company has a market cap of $3.01 billion, a PE ratio of 16.56 and a beta of 0.74. Community Bank System has a 52-week low of $42.16 and a 52-week high of $73.39. The firm has a 50-day moving average of $56.18 and a two-hundred day moving average of $61.76.
Community Bank System Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Friday, June 13th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date is Friday, June 13th. Community Bank System's payout ratio is 50.97%.
Analysts Set New Price Targets
A number of research analysts recently commented on CBU shares. Keefe, Bruyette & Woods boosted their price target on Community Bank System from $74.00 to $76.00 and gave the stock a "market perform" rating in a report on Wednesday, January 22nd. StockNews.com raised shares of Community Bank System from a "sell" rating to a "hold" rating in a report on Wednesday.
Check Out Our Latest Research Report on Community Bank System
About Community Bank System
(
Get Free Report)
Community Bank System, Inc operates as the bank holding company for Community Bank, N.A. that provides various banking and other financial services to retail, commercial, institutional, and municipal customers. It operates through three segments: Banking, Employee Benefit Services, and All Other. The company offers various deposits products, such as interest and noninterest -bearing checking, savings, and money market deposit accounts, as well as time deposits.
Recommended Stories
Before you consider Community Bank System, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Community Bank System wasn't on the list.
While Community Bank System currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
