Community Bank System (CBU) Getting Somewhat Favorable Press Coverage, Study Finds
News headlines about Community Bank System (NYSE:CBU) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies negative and positive news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Community Bank System earned a news impact score of 0.09 on Accern’s scale. Accern also assigned media coverage about the bank an impact score of 45.334993959395 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the headlines that may have impacted Accern’s scoring:
- Community Bankers Ask the FDIC To Deny Deposit Insurance for Square’s Bank (digitaltransactions.net)
- Zacks: Analysts Anticipate Community Bank System, Inc. (CBU) Will Post Quarterly Sales of $141.52 Million (americanbankingnews.com)
- Community Bank System Announces Third Quarter 2017 Earnings Conference Call (finance.yahoo.com)
- Federal Home Loan Bank of Atlanta Announces Results of 2017 Board of Directors’ Election (fixedincome.fidelity.com)
- Community Bank System, Inc. : CBU-US: Dividend Analysis : September 15th, 2017 (record date) : By the numbers : October 5, 2017 (finance.yahoo.com)
Shares of Community Bank System (NYSE CBU) opened at 56.21 on Wednesday. The stock has a 50 day moving average of $52.84 and a 200 day moving average of $54.45. The stock has a market cap of $2.84 billion, a P/E ratio of 26.88 and a beta of 1.10. Community Bank System has a 52 week low of $42.67 and a 52 week high of $63.04.
Community Bank System (NYSE:CBU) last issued its quarterly earnings data on Monday, July 31st. The bank reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.13. The firm had revenue of $129.26 million for the quarter, compared to analyst estimates of $127.00 million. Community Bank System had a net margin of 20.63% and a return on equity of 9.04%. Community Bank System’s revenue was up 20.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.58 EPS. On average, analysts expect that Community Bank System will post $2.57 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 10th. Investors of record on Friday, September 15th were issued a $0.34 dividend. This is a positive change from Community Bank System’s previous quarterly dividend of $0.32. This represents a $1.36 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend was Thursday, September 14th. Community Bank System’s payout ratio is 64.15%.
Several equities research analysts have recently weighed in on CBU shares. Piper Jaffray Companies reissued a “hold” rating and issued a $51.00 target price on shares of Community Bank System in a research note on Thursday, August 3rd. BidaskClub downgraded shares of Community Bank System from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th. Zacks Investment Research raised shares of Community Bank System from a “hold” rating to a “strong-buy” rating and set a $58.00 target price on the stock in a research note on Tuesday, September 12th. Finally, Royal Bank Of Canada reissued a “hold” rating on shares of Community Bank System in a research note on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Community Bank System has a consensus rating of “Hold” and a consensus target price of $54.80.
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In related news, Director Brian R. Ace sold 5,457 shares of the business’s stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $53.35, for a total value of $291,130.95. Following the sale, the director now directly owns 55,647 shares in the company, valued at approximately $2,968,767.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director R Kallet Michael sold 5,000 shares of the business’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $53.00, for a total transaction of $265,000.00. Following the completion of the sale, the director now owns 11,603 shares in the company, valued at $614,959. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,457 shares of company stock worth $1,085,081. 3.20% of the stock is owned by insiders.
Community Bank System Company Profile
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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