Shares of Community Bank System, Inc. (NYSE:CBU) reached a new 52-week high during trading on Thursday . The company traded as high as $69.43 and last traded at $69.30, with a volume of 1933 shares. The stock had previously closed at $68.63.
CBU has been the subject of a number of research reports. Zacks Investment Research raised shares of Community Bank System from a “sell” rating to a “hold” rating in a research note on Tuesday, October 22nd. ValuEngine cut shares of Community Bank System from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st.
The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.81 and a current ratio of 0.83. The firm has a market cap of $3.53 billion, a PE ratio of 20.48 and a beta of 1.00. The stock’s 50 day simple moving average is $64.32 and its 200 day simple moving average is $63.98.
Community Bank System (NYSE:CBU) last released its quarterly earnings results on Monday, October 21st. The bank reported $0.84 EPS for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.03. The business had revenue of $148.40 million during the quarter, compared to analysts’ expectations of $150.53 million. Community Bank System had a net margin of 27.57% and a return on equity of 9.86%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.81 EPS. As a group, analysts anticipate that Community Bank System, Inc. will post 3.24 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Monday, September 16th were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.38%. This is a positive change from Community Bank System’s previous quarterly dividend of $0.38. The ex-dividend date was Friday, September 13th. Community Bank System’s payout ratio is presently 48.66%.
In other news, Director Eric Stickels sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $68.12, for a total value of $204,360.00. Following the completion of the sale, the director now directly owns 37,664 shares in the company, valued at approximately $2,565,671.68. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.15% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Crossmark Global Holdings Inc. grew its position in shares of Community Bank System by 4.6% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 7,307 shares of the bank’s stock worth $481,000 after purchasing an additional 322 shares in the last quarter. Diversified Trust Co acquired a new position in shares of Community Bank System during the 2nd quarter worth approximately $221,000. Oregon Public Employees Retirement Fund grew its position in shares of Community Bank System by 2.0% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 20,224 shares of the bank’s stock worth $1,332,000 after purchasing an additional 400 shares in the last quarter. Nottingham Advisors Inc. grew its position in shares of Community Bank System by 1.4% during the 2nd quarter. Nottingham Advisors Inc. now owns 158,049 shares of the bank’s stock worth $10,406,000 after purchasing an additional 2,153 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its position in shares of Community Bank System by 1.4% during the 2nd quarter. State of Alaska Department of Revenue now owns 17,542 shares of the bank’s stock worth $1,154,000 after purchasing an additional 247 shares in the last quarter. Hedge funds and other institutional investors own 70.97% of the company’s stock.
Community Bank System Company Profile (NYSE:CBU)
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: What is the return on assets (ROA) ratio?
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.