Community Bank System, Inc. (NYSE:CBU) declared a quarterly dividend on Wednesday, August 21st, Zacks reports. Investors of record on Monday, September 16th will be given a dividend of 0.41 per share by the bank on Thursday, October 10th. This represents a $1.64 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend is Friday, September 13th. This is an increase from Community Bank System’s previous quarterly dividend of $0.38.
Community Bank System has raised its dividend payment by an average of 5.0% annually over the last three years and has increased its dividend every year for the last 8 years. Community Bank System has a dividend payout ratio of 49.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Community Bank System to earn $3.26 per share next year, which means the company should continue to be able to cover its $1.64 annual dividend with an expected future payout ratio of 50.3%.
Community Bank System stock opened at $63.40 on Wednesday. The firm has a market capitalization of $3.23 billion, a P/E ratio of 18.81, a PEG ratio of 2.42 and a beta of 1.02. Community Bank System has a one year low of $54.46 and a one year high of $67.79. 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 has a fifty day moving average price of $62.15 and a 200-day moving average price of $63.25.
Community Bank System (NYSE:CBU) last released its quarterly earnings data on Monday, July 22nd. The bank reported $0.80 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.80. The company had revenue of $149.00 million for the quarter, compared to analyst estimates of $144.08 million. Community Bank System had a return on equity of 10.10% and a net margin of 28.64%. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.86 EPS. Sell-side analysts expect that Community Bank System will post 3.24 earnings per share for the current fiscal year.
CBU has been the subject of a number of recent analyst reports. ValuEngine lowered Community Bank System from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Zacks Investment Research downgraded shares of Community Bank System from a “hold” rating to a “sell” rating in a report on Tuesday.
In related news, Director Brian R. Ace sold 4,471 shares of the company’s stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $65.78, for a total value of $294,102.38. Following the transaction, the director now directly owns 61,910 shares in the company, valued at $4,072,439.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.15% of the stock is currently owned by corporate insiders.
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.
Featured Story: Quiet Period Expirations Explained
Receive News & Ratings for Community Bank System Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Community Bank System and related companies with MarketBeat.com's FREE daily email newsletter.