Q3 2024 EPS Estimates for Community Bank System, Inc. (NYSE:CBU) Lifted by Analyst

Community Bank System, Inc. (NYSE:CBU) – Stock analysts at DA Davidson boosted their Q3 2024 earnings estimates for Community Bank System in a research note issued on Tuesday, September 10th. DA Davidson analyst M. Navas now expects that the bank will post earnings per share of $0.83 for the quarter, up from their previous estimate of $0.82. The consensus estimate for Community Bank System’s current full-year earnings is $3.34 per share. DA Davidson also issued estimates for Community Bank System’s FY2025 earnings at $3.60 EPS.

Several other equities analysts have also issued reports on the stock. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $59.00 target price on shares of Community Bank System in a report on Tuesday. Raymond James cut Community Bank System from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $50.50.

Community Bank System Stock Performance

Community Bank System stock opened at $57.26 on Wednesday. The stock has a market cap of $3.01 billion, a price-to-earnings ratio of 18.01 and a beta of 0.64. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.76 and a current ratio of 0.76. The stock’s 50 day simple moving average is $57.18 and its two-hundred day simple moving average is $49.54. Community Bank System has a fifty-two week low of $35.38 and a fifty-two week high of $63.95.

Community Bank System (NYSE:CBU) last announced its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.14. Community Bank System had a return on equity of 8.94% and a net margin of 15.90%. The company had revenue of $183.80 million during the quarter, compared to analyst estimates of $180.05 million. During the same quarter last year, the firm posted $0.91 earnings per share. The firm’s revenue was up 4.9% on a year-over-year basis.

Community Bank System Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Friday, September 13th will be paid a $0.46 dividend. This is an increase from Community Bank System’s previous quarterly dividend of $0.45. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date of this dividend is Friday, September 13th. Community Bank System’s dividend payout ratio (DPR) is 56.60%.

Insider Buying and Selling

In other Community Bank System news, CEO Dimitar Karaivanov bought 1,000 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was bought at an average cost of $43.52 per share, for a total transaction of $43,520.00. Following the completion of the transaction, the chief executive officer now owns 19,653 shares of the company’s stock, valued at approximately $855,298.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.89% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CBU. Point72 DIFC Ltd bought a new stake in shares of Community Bank System during the second quarter valued at approximately $76,000. Benjamin Edwards Inc. lifted its stake in Community Bank System by 40.7% in the 1st quarter. Benjamin Edwards Inc. now owns 2,695 shares of the bank’s stock worth $129,000 after purchasing an additional 780 shares in the last quarter. TFO Wealth Partners LLC boosted its holdings in shares of Community Bank System by 37,162.5% during the 4th quarter. TFO Wealth Partners LLC now owns 2,981 shares of the bank’s stock valued at $155,000 after purchasing an additional 2,973 shares during the last quarter. Avantax Advisory Services Inc. purchased a new position in shares of Community Bank System during the fourth quarter valued at about $208,000. Finally, Olympiad Research LP bought a new stake in shares of Community Bank System in the fourth quarter worth about $214,000. Institutional investors own 73.79% of the company’s stock.

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, institutional, and municipal customers. It operates through three segments: Banking, Employee Benefit Services, and All Other. The company offers various deposits products, such as interest and noninterest -bearing checking, savings, and money market deposit accounts, as well as time deposits.