Community Bank System, Inc. (NYSE:CBU) Announces $0.45 Quarterly Dividend

Community Bank System, Inc. (NYSE:CBU) declared a quarterly dividend on Wednesday, May 15th, NASDAQ reports. Shareholders of record on Friday, June 14th will be paid a dividend of 0.45 per share by the bank on Wednesday, July 10th. This represents a $1.80 annualized dividend and a yield of 3.73%. The ex-dividend date of this dividend is Friday, June 14th.

Community Bank System has raised its dividend by an average of 2.4% per year over the last three years and has raised its dividend annually for the last 32 consecutive years.

Community Bank System Price Performance

Shares of Community Bank System stock traded up $0.48 during trading on Thursday, reaching $48.31. 154,368 shares of the company’s stock were exchanged, compared to its average volume of 279,675. The firm’s 50-day moving average price is $45.44 and its 200 day moving average price is $46.43. The company has a market cap of $2.55 billion, a P/E ratio of 15.14 and a beta of 0.66. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.74 and a current ratio of 0.74. Community Bank System has a 1-year low of $35.38 and a 1-year high of $55.64.

Community Bank System (NYSE:CBU) last announced its quarterly earnings results on Tuesday, April 23rd. The bank reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.03. The company had revenue of $178.29 million for the quarter, compared to analyst estimates of $178.97 million. Community Bank System had a net margin of 16.59% and a return on equity of 8.93%. As a group, research analysts anticipate that Community Bank System will post 3.22 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on CBU. StockNews.com upgraded shares of Community Bank System to a “sell” rating in a research report on Friday, January 19th. DA Davidson reiterated a “neutral” rating and set a $50.00 price objective on shares of Community Bank System in a research report on Thursday, March 14th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $47.67.

Insider Activity

In other news, Director Mark J. Bolus sold 3,631 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $45.00, for a total transaction of $163,395.00. Following the completion of the sale, the director now owns 96,364 shares in the company, valued at $4,336,380. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.78% of the company’s stock.

Community Bank System Company Profile

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.