Community Bank System (NYSE:CBU) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Community Bank System (NYSE:CBU) posted its earnings results on Monday. The bank reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.03, reports. The company had revenue of $148.40 million during the quarter, compared to analyst estimates of $150.53 million. Community Bank System had a return on equity of 10.10% and a net margin of 28.64%. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.81 EPS.

Shares of Community Bank System stock traded down $0.08 during trading on Tuesday, hitting $65.38. 500 shares of the company were exchanged, compared to its average volume of 233,042. The firm has a market capitalization of $3.29 billion, a P/E ratio of 19.37 and a beta of 1.01. Community Bank System has a 1-year low of $54.46 and a 1-year high of $67.79. The firm’s fifty day moving average price is $62.49 and its 200 day moving average price is $63.49. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.81 and a quick ratio of 0.81.

The business also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Monday, September 16th were given a dividend of $0.41 per share. This is a positive change from Community Bank System’s previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a dividend yield of 2.51%. The ex-dividend date was Friday, September 13th. Community Bank System’s payout ratio is presently 48.66%.

Several equities analysts have recently issued reports on CBU shares. ValuEngine lowered Community Bank System from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research lowered Community Bank System from a “hold” rating to a “sell” rating in a research report on Monday, October 14th.

About Community Bank System

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 accounts, as well as time deposits.

Further Reading: Support Level

Earnings History for Community Bank System (NYSE:CBU)

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