Community Bank System, Inc. (NYSE:CBU) – Investment analysts at Boenning Scattergood cut their Q1 2018 earnings per share estimates for shares of Community Bank System in a research note issued on Thursday. Boenning Scattergood analyst M. Schultheis now anticipates that the bank will post earnings of $0.75 per share for the quarter, down from their prior estimate of $0.78. Boenning Scattergood also issued estimates for Community Bank System’s Q2 2018 earnings at $0.80 EPS, Q3 2018 earnings at $0.81 EPS, Q4 2018 earnings at $0.80 EPS, FY2018 earnings at $3.16 EPS and FY2019 earnings at $3.25 EPS.

Several other research firms have also commented on CBU. Zacks Investment Research raised Community Bank System from a “hold” rating to a “strong-buy” rating and set a $58.00 price target on the stock in a research report on Tuesday, September 12th. DA Davidson set a $55.00 price target on Community Bank System and gave the stock a “hold” rating in a research report on Tuesday, October 24th. They noted that the move was a valuation call. Keefe, Bruyette & Woods reissued a “hold” rating and set a $54.00 price target on shares of Community Bank System in a research report on Friday, October 13th. Finally, Sandler O’Neill raised Community Bank System from a “sell” rating to a “hold” rating in a research report on Thursday, December 21st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a strong buy rating to the company’s stock. Community Bank System has an average rating of “Hold” and a consensus target price of $55.80.

Community Bank System (NYSE:CBU) opened at $53.88 on Monday. The company has a market capitalization of $2,726.82, a P/E ratio of 24.60, a P/E/G ratio of 1.91 and a beta of 1.08. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.08. Community Bank System has a 52-week low of $48.89 and a 52-week high of $62.59.

Community Bank System (NYSE:CBU) last released its quarterly earnings results on Monday, October 23rd. The bank reported $0.73 EPS for the quarter, topping the consensus estimate of $0.67 by $0.06. The firm had revenue of $137.30 million for the quarter, compared to analyst estimates of $138.74 million. Community Bank System had a return on equity of 9.22% and a net margin of 21.00%. Community Bank System’s revenue for the quarter was up 26.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.61 EPS.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Friday, December 15th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date is Thursday, December 14th. Community Bank System’s payout ratio is 62.10%.

In other Community Bank System news, EVP Brian D. Donahue sold 5,535 shares of the company’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $55.19, for a total value of $305,476.65. Following the transaction, the executive vice president now directly owns 43,844 shares of the company’s stock, valued at approximately $2,419,750.36. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director R Kallet Michael sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $56.38, for a total value of $422,850.00. Following the completion of the transaction, the director now directly owns 4,103 shares in the company, valued at $231,327.14. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,440 shares of company stock worth $862,488. 3.20% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in CBU. Schwab Charles Investment Management Inc. raised its position in shares of Community Bank System by 12.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 254,173 shares of the bank’s stock valued at $14,176,000 after purchasing an additional 28,306 shares in the last quarter. Legal & General Group Plc raised its position in shares of Community Bank System by 21.5% in the 2nd quarter. Legal & General Group Plc now owns 94,795 shares of the bank’s stock valued at $5,288,000 after purchasing an additional 16,763 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Community Bank System by 66.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 15,358 shares of the bank’s stock valued at $857,000 after purchasing an additional 6,152 shares in the last quarter. State Board of Administration of Florida Retirement System raised its position in shares of Community Bank System by 15.0% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 40,059 shares of the bank’s stock valued at $2,234,000 after purchasing an additional 5,226 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Community Bank System by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 3,501 shares of the bank’s stock valued at $195,000 after purchasing an additional 524 shares in the last quarter. 69.19% of the stock is currently owned by institutional investors.

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About Community Bank System

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.

Earnings History and Estimates for Community Bank System (NYSE:CBU)

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