Community Bank System, Inc. (NYSE:CBU) – Equities research analysts at DA Davidson boosted their Q2 2018 EPS estimates for shares of Community Bank System in a research report issued to clients and investors on Monday. DA Davidson analyst R. Gunther now expects that the bank will post earnings of $0.78 per share for the quarter, up from their prior estimate of $0.70. DA Davidson has a “Hold” rating and a $55.00 price target on the stock. DA Davidson also issued estimates for Community Bank System’s Q3 2018 earnings at $0.72 EPS, Q4 2018 earnings at $0.73 EPS, FY2018 earnings at $2.95 EPS, Q1 2019 earnings at $0.71 EPS, Q2 2019 earnings at $0.77 EPS, Q3 2019 earnings at $0.76 EPS, Q4 2019 earnings at $0.76 EPS and FY2019 earnings at $3.00 EPS.

Community Bank System (NYSE:CBU) last released its quarterly earnings data on Monday, January 22nd. The bank reported $0.71 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.71. Community Bank System had a net margin of 28.34% and a return on equity of 9.18%. The business had revenue of $139.90 million during the quarter, compared to analyst estimates of $138.09 million. During the same period in the previous year, the business earned $0.59 EPS. Community Bank System’s revenue was up 28.1% compared to the same quarter last year.

CBU has been the subject of several other reports. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $58.00 price target on shares of Community Bank System in a report on Wednesday. Sandler O’Neill raised shares of Community Bank System from a “sell” rating to a “hold” rating in a report on Thursday, December 21st. Zacks Investment Research downgraded shares of Community Bank System from a “strong-buy” rating to a “hold” rating in a report on Monday, October 2nd. Finally, Boenning Scattergood reissued a “hold” rating on shares of Community Bank System in a report on Monday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $56.60.

Shares of Community Bank System (NYSE CBU) traded down $0.49 during trading hours on Thursday, reaching $55.27. 321,500 shares of the company’s stock traded hands, compared to its average volume of 239,538. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.72 and a current ratio of 0.75. Community Bank System has a 1 year low of $48.89 and a 1 year high of $62.59. The company has a market cap of $2,821.97, a P/E ratio of 18.42, a price-to-earnings-growth ratio of 1.95 and a beta of 1.08.

Hedge funds and other institutional investors have recently bought and sold shares of the company. NJ State Employees Deferred Compensation Plan lifted its holdings in shares of Community Bank System by 20.0% during the 3rd quarter. NJ State Employees Deferred Compensation Plan now owns 12,000 shares of the bank’s stock worth $663,000 after acquiring an additional 2,000 shares during the last quarter. Cambridge Trust Co. bought a new stake in Community Bank System in the third quarter worth $580,000. Teachers Advisors LLC lifted its stake in Community Bank System by 6.2% in the second quarter. Teachers Advisors LLC now owns 91,545 shares of the bank’s stock worth $5,105,000 after purchasing an additional 5,372 shares during the last quarter. Vanguard Group Inc. lifted its stake in Community Bank System by 7.9% in the second quarter. Vanguard Group Inc. now owns 4,808,411 shares of the bank’s stock worth $268,165,000 after purchasing an additional 353,538 shares during the last quarter. Finally, Macquarie Group Ltd. lifted its stake in Community Bank System by 4.1% in the third quarter. Macquarie Group Ltd. now owns 1,181,853 shares of the bank’s stock worth $65,297,000 after purchasing an additional 46,753 shares during the last quarter. 69.19% of the stock is owned by institutional investors.

In other news, EVP Brian D. Donahue sold 5,535 shares of Community Bank System stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $55.19, for a total transaction of $305,476.65. Following the completion of the sale, the executive vice president now directly owns 43,844 shares of the company’s stock, valued at approximately $2,419,750.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director R Kallet Michael sold 7,500 shares of Community Bank System stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $56.38, for a total transaction of $422,850.00. Following the sale, the director now directly owns 4,103 shares of the company’s stock, valued at $231,327.14. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,440 shares of company stock valued at $862,488. Insiders own 3.20% of the company’s stock.

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 10th. Shareholders of record on Friday, December 15th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend was Thursday, December 14th. Community Bank System’s payout ratio is 45.33%.

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Community Bank System Company Profile

Community Bank System, Inc is a bank holding company. The Company owns two subsidiaries: Community Bank, N.A. (CBNA or the Bank) and Benefit Plans Administrative Services, Inc (BPAS). It operates in three segments: banking, employee benefit services, and All Other. The Banking segment provides lending and depository-related products and services to individuals, businesses and municipal enterprises.

Earnings History and Estimates for Community Bank System (NYSE:CBU)

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