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.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. DA Davidson reissued a "neutral" rating on shares of Community Bank System in a research report on Thursday, July 28th. StockNews.com raised shares of Community Bank System from a "sell" rating to a "hold" rating in a research report on Wednesday, July 20th. Finally, Piper Sandler lowered shares of Community Bank System from a "neutral" rating to an "underweight" rating and dropped their price target for the stock from $74.00 to $66.00 in a research report on Monday, May 2nd.

Community Bank System Price Performance

Shares of NYSE:CBU traded up $0.60 during mid-day trading on Wednesday, hitting $69.06. 971 shares of the stock were exchanged, compared to its average volume of 217,290. The company has a market cap of $3.72 billion, a P/E ratio of 21.26 and a beta of 0.67. The stock's fifty day simple moving average is $64.79 and its two-hundred day simple moving average is $67.73. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.61 and a current ratio of 0.61. Community Bank System has a twelve month low of $60.94 and a twelve month high of $78.00.

Community Bank System (NYSE:CBU - Get Rating) last posted its quarterly earnings data on Monday, July 25th. The bank reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.04. The company had revenue of $167.24 million during 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, analysts forecast that Community Bank System will post 3.52 EPS for the current fiscal year.

Community Bank System Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 10th. Stockholders of record on Thursday, September 15th will be paid a dividend of $0.44 per share. This is a boost from Community Bank System's previous quarterly dividend of $0.43. This represents a $1.76 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend is Wednesday, September 14th. Community Bank System's dividend payout ratio is 53.42%.

Insider Activity

In other news, Director Sally A. Steele sold 2,000 shares of the stock in a transaction that occurred on Monday, May 23rd. The shares were sold at an average price of $65.30, for a total transaction of $130,600.00. Following the sale, the director now directly owns 39,506 shares of the company's stock, valued at $2,579,741.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.75% of the stock is owned by insiders.