Community Bank System - CBU Stock Forecast, Price & News

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, 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 deposit accounts, as well as time deposits. It also provides loans, including consumer mortgages; general purpose commercial and industrial loans, and mortgages on commercial properties; paycheck protection program loans; installment loans that are originated through selected dealerships and are secured by automobiles, marine, and other recreational vehicles; personal installment loans and lines of credit for consumers; and home equity products. In addition, the company offers broker-dealer and investment advisory; cash management, investment, and treasury services; asset management; and employee benefit services, as well as operates as a full-service insurance agency that offers personal and commercial lines of insurance, and other risk management products and services. Further, it provides contribution plan administration, employee benefit trust, collective investment fund, retirement plan administration, fund administration, transfer agency, actuarial and benefit consulting, VEBA/HRA, and health and welfare consulting services. Additionally, the company offers wealth management, retirement planning, higher educational planning, fiduciary, risk management, trust, and personal financial planning services; and investment alternatives, including stocks, bonds, mutual funds, and advisory products, as well as master recordkeeping services. As of January 24, 2022, it operated approximately 215 customer facilities across Upstate New York, Northeastern Pennsylvania, Vermont, and Western Massachusetts. Community Bank System, Inc. was founded in 1866 and is headquartered in DeWitt, New York.

Wall Street Analysts Forecast Growth

CBU has been the subject of several recent analyst reports. StockNews.com raised shares of Community Bank System from a "sell" rating to a "hold" rating in a research report on Thursday. DA Davidson reaffirmed a "neutral" rating on shares of Community Bank System in a research report on Thursday, July 28th. Finally, Piper Sandler cut shares of Community Bank System from a "neutral" rating to an "underweight" rating and decreased their price objective for the stock from $74.00 to $66.00 in a research report on Monday, May 2nd.

Community Bank System Stock Up 1.7 %

NYSE:CBU traded up $1.17 during midday trading on Friday, hitting $71.46. 120,590 shares of the company were exchanged, compared to its average volume of 181,375. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $3.84 billion, a PE ratio of 22.19 and a beta of 0.67. Community Bank System has a fifty-two week low of $60.94 and a fifty-two week high of $78.00. The company has a fifty day simple moving average of $65.00 and a 200 day simple moving average of $67.67.

Community Bank System (NYSE:CBU - Get Rating) last posted its quarterly earnings data on Monday, July 25th. The bank reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.81 by $0.04. The company had revenue of $167.24 million for the quarter, compared to analyst estimates of $162.37 million. Community Bank System had a net margin of 26.78% and a return on equity of 9.53%. As a group, equities analysts anticipate that Community Bank System will post 3.52 earnings per share for the current fiscal year.

Community Bank System Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 10th. Shareholders of record on Thursday, September 15th will be paid a $0.44 dividend. The ex-dividend date of this dividend is Wednesday, September 14th. This is a positive change from Community Bank System's previous quarterly dividend of $0.43. This represents a $1.76 dividend on an annualized basis and a yield of 2.46%. Community Bank System's payout ratio is currently 53.42%.

Insider Buying and Selling at Community Bank System

In other news, Director Sally A. Steele sold 2,000 shares of the business's stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $65.30, for a total transaction of $130,600.00. Following the transaction, the director now directly owns 39,506 shares in the company, valued at $2,579,741.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.63% of the stock is currently owned by company insiders.