Equities analysts expect that Community Bank System, Inc. (NYSE:CBU) will announce earnings per share of $0.76 for the current quarter, Zacks reports. Four analysts have issued estimates for Community Bank System’s earnings. The highest EPS estimate is $0.78 and the lowest is $0.73. Community Bank System reported earnings of $0.82 per share in the same quarter last year, which would indicate a negative year over year growth rate of 7.3%. The firm is expected to announce its next earnings report before the market opens on Monday, April 22nd.

On average, analysts expect that Community Bank System will report full year earnings of $3.20 per share for the current year, with EPS estimates ranging from $3.19 to $3.20. For the next year, analysts forecast that the business will report earnings of $3.34 per share, with EPS estimates ranging from $3.25 to $3.50. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Community Bank System.

Community Bank System (NYSE:CBU) last issued its quarterly earnings data on Wednesday, January 23rd. The bank reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.02). The business had revenue of $141.61 million during the quarter, compared to the consensus estimate of $142.54 million. Community Bank System had a net margin of 28.74% and a return on equity of 10.55%. During the same quarter last year, the business earned $0.64 EPS.

A number of research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Community Bank System from a “hold” rating to a “sell” rating in a report on Tuesday, April 9th. Stephens assumed coverage on shares of Community Bank System in a report on Tuesday, April 9th. They issued an “equal weight” rating and a $63.00 price objective for the company. ValuEngine lowered shares of Community Bank System from a “buy” rating to a “hold” rating in a report on Tuesday, March 5th. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Community Bank System in a report on Wednesday, January 23rd. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $61.25.

Shares of NYSE CBU opened at $63.78 on Friday. The company has a market capitalization of $3.22 billion, a P/E ratio of 18.93, a price-to-earnings-growth ratio of 2.45 and a beta of 0.92. Community Bank System has a 1 year low of $53.24 and a 1 year high of $67.07. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.74 and a quick ratio of 0.74.

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Friday, March 15th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.52 annualized dividend and a yield of 2.38%. Community Bank System’s payout ratio is 45.10%.

In other Community Bank System news, CEO Mark E. Tryniski sold 11,369 shares of the firm’s stock in a transaction that occurred on Thursday, February 7th. The shares were sold at an average price of $62.11, for a total transaction of $706,128.59. Following the completion of the transaction, the chief executive officer now owns 119,497 shares in the company, valued at approximately $7,421,958.67. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director R Kallet Michael sold 6,725 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $62.49, for a total transaction of $420,245.25. The disclosure for this sale can be found here. 2.34% of the stock is currently owned by company insiders.

Hedge funds have recently made changes to their positions in the company. Toronto Dominion Bank acquired a new stake in shares of Community Bank System during the 4th quarter worth approximately $32,000. Stone House Investment Management LLC acquired a new stake in shares of Community Bank System during the 1st quarter worth approximately $140,000. LS Investment Advisors LLC grew its position in shares of Community Bank System by 86.6% during the 4th quarter. LS Investment Advisors LLC now owns 2,640 shares of the bank’s stock worth $154,000 after buying an additional 1,225 shares during the period. Contravisory Investment Management Inc. acquired a new stake in shares of Community Bank System during the 1st quarter worth approximately $155,000. Finally, Bank of Montreal Can grew its position in shares of Community Bank System by 9.2% during the 4th quarter. Bank of Montreal Can now owns 4,268 shares of the bank’s stock worth $249,000 after buying an additional 358 shares during the period. 71.28% of the stock is owned by institutional investors.

About Community Bank System

Community Bank System, Inc provides banking solutions. The bank offers demand deposits and interest and non-interest bearing time and savings deposits. The company's deposits include jumbo deposits and retail time deposits. It provides commercial and industrial loans, consumer loans, commercial real estate loans, and other loans and leases.

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