News coverage about Community Bank System (NYSE:CBU) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Community Bank System earned a coverage optimism score of 0.09 on Accern’s scale. Accern also gave media stories about the bank an impact score of 46.9348481301766 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Several equities research analysts recently issued reports on the company. BidaskClub cut Community Bank System from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. 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. Keefe, Bruyette & Woods reissued a “hold” rating and set a $54.00 price objective on shares of Community Bank System in a research note on Friday, October 13th. Finally, DA Davidson set a $55.00 target price on shares of Community Bank System and gave the company a “hold” rating in a report on Tuesday, October 24th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $55.20.
Community Bank System (NYSE:CBU) opened at $54.86 on Thursday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.08. The company has a market cap of $2,798.18, a PE ratio of 20.40, a price-to-earnings-growth ratio of 2.12 and a beta of 1.07. Community Bank System has a 12-month low of $48.89 and a 12-month high of $63.04.
Community Bank System (NYSE:CBU) last posted its earnings results on Monday, October 23rd. The bank reported $0.73 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.06. The company had revenue of $137.30 million for the quarter, compared to analysts’ expectations of $138.74 million. Community Bank System had a net margin of 21.00% and a return on equity of 9.22%. Community Bank System’s revenue for the quarter was up 26.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.61 earnings per share. equities research analysts expect that Community Bank System will post 2.61 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Friday, December 15th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.48%. The ex-dividend date is Thursday, December 14th. Community Bank System’s dividend payout ratio is presently 62.10%.
In related news, Director R Kallet Michael sold 7,500 shares of Community Bank System stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $56.38, for a total transaction of $422,850.00. Following the completion of the sale, the director now owns 4,103 shares in the company, valued at approximately $231,327.14. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Brian R. Ace sold 5,457 shares of the business’s stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $53.35, for a total value of $291,130.95. Following the completion of the sale, the director now owns 55,647 shares of the company’s stock, valued at $2,968,767.45. The disclosure for this sale can be found here. In the last three months, insiders sold 27,957 shares of company stock valued at $1,507,931. 3.20% of the stock is owned by corporate insiders.
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About Community Bank System
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.
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