Community Financial System, Inc. (CBU) To Go Ex-Dividend on September 15th

Community Financial System, Inc. (NYSE:CBU) declared a quarterly dividend on Wednesday, July 22nd. Stockholders of record on Tuesday, September 15th will be paid a dividend of 0.49 per share by the bank on Tuesday, October 13th. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Tuesday, September 15th. This is a 4.3% increase from Community Financial System’s previous quarterly dividend of $0.47.

Community Financial System has increased its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 33 consecutive years. Community Financial System has a payout ratio of 41.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Community Financial System to earn $5.14 per share next year, which means the company should continue to be able to cover its $1.96 annual dividend with an expected future payout ratio of 38.1%.

Community Financial System Stock Performance

Shares of CBU stock opened at $62.55 on Friday. The stock has a market capitalization of $3.29 billion, a PE ratio of 14.51 and a beta of 0.77. The business’s 50 day simple moving average is $65.18 and its 200 day simple moving average is $63.16. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.77 and a quick ratio of 0.77. Community Financial System has a one year low of $53.46 and a one year high of $71.11.

Community Financial System (NYSE:CBU) last released its quarterly earnings results on Tuesday, July 28th. The bank reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.18 by ($0.02). The firm had revenue of $218.45 million for the quarter, compared to the consensus estimate of $221.77 million. Community Financial System had a return on equity of 11.47% and a net margin of 21.79%.The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.04 EPS. As a group, research analysts forecast that Community Financial System will post 4.58 earnings per share for the current year.

About Community Financial System

Community Financial System, Inc (NYSE: CBU) is a diversified financial services company headquartered in DeWitt, New York. Formerly known as Community Bank System, Inc, the company changed its name in 2024 to reflect the broader range of services offered beyond traditional banking.

Through its Community Bank, N.A. subsidiary, the company provides personal and business banking services, including deposit accounts, consumer and commercial lending, mortgages, cash management, and electronic banking.